Oklahoma business briefs for April 12, 2019
Blueknight Energy Partners adds CFO
Blueknight Energy Partners announced Thursday that Andrew Woodward will join the company on April 29 to become its chief financial officer.
"We are pleased to welcome Andrew to our team and believe his extensive experience in operations and finance will be invaluable to our executive leadership group, going forward," Mark Hurley, Blueknight’s CEO, stated in the release.
Officials said Woodward brings substantial financial experience across investment banking, corporate development and corporate finance within the energy and midstream industry to the position.
Prior to joining Blueknight, Woodward served as financial vice president and treasurer at Andeavor Logistics and also served as a vice president at RBC Capital Markets within its energy investment banking group, where he advised on numerous large-scale mergers and acquisitions and capital market transactions.
Samson Resources' credit is reaffirmed
Samson Resources II announced this week bankers have reaffirmed its lending pool of $160 million after a semi-annual review.
Joseph A. Mills, the oil and gas company’s president and CEO, said it appreciates the support.
“Our bank partners play a key role in Samson's 2019 objectives, which include generating 80% production growth from the drill bit,” Mills stated, adding the affirmation speaks to the quality of the company’s asset base and its plans to exploit it.
Samson is producing from the Powder River and Green River Basins in Wyoming, company officials said.
PSO awards teacher vision grants
Nearly $7,900 in teacher vision grants of up to $500 have been awarded to teachers at school districts within Public Service Co. of Oklahoma’s territory, the utility announced Thursday.
Utility officials said the grants aim to help educators improve student learning in the classroom.
This round of grants went to educators in the Atoka, Grove, Hobart, Hinton, Jay, Owasso, Quinton, Tulsa and Vinita districts, officials said.
“If adequate funding is all that stands between a teacher and a new classroom adventure, that’s where AEP’s Teacher Vision Grants can help,” said Tiffiini Jackson, PSO’s external affairs vice president. “One goal of these grants is to help us partner with and support people and resources that are vital in communities we serve.”