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Oklahoma business briefs for May 15

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LifeSquire Connect to lead lunch and learn to benefit Infant Crisis Services Support staff placement service LifeSquire Connect has scheduled a How to Hire A Nanny lunch and learn supporting local nonprofit, Infant Crisis Services.The event is set for 11:45 a.m. to 12:45 p.m. May 22 at Green Bambino, 5120 N Shartel Ave. During the session, LifeSquire Connect employees will be teaching attendees how to find and hire the right nanny for their family.

“When you decide to hire a nanny, you don’t want to spend weeks or months finding the perfect candidate,” said Valerie Riley, LifeSquire Connect founder.

Registration is available at info@lifesquire.com. Attendees are asked to bring diapers or a $25 donation for Infant Crisis Services. Lunch will be provided by DryBar OKC.

Crowe & Dunlevy attorney to lead seminar

Attorneys and arbitrators, including Crowe & Dunlevy’s securities litigation, enforcement and compliance practice group co-chairwoman Tara A. LaClair, will hold a “Become a FINRA Arbitrator” lunch and learn from noon to 1:15 p.m. May 22 at the Sheraton Oklahoma City Downtown Hotel, 1 N Broadway Ave. in Oklahoma City.

The Financial Regulatory Authority is seeking fair-minded individuals to help resolve monetary, business and employment disputes between investors, securities firms and employees of securities firms. Attorneys interested in gaining skills and experience in dispute resolution, helping to resolve securities-related disputes fairly and efficiently and serving their community and the investing public are encouraged to attend.

Complimentary lunch will be provided, and the event is eligible for CLE credit. Registration and additional information are available at finra.org/BecomeAnArbitrator

Higginbotham adds insurance group

Insurance broker Higginbotham has agreed to buy an Oklahoma City office of insurance professionals led by broker Richard Ross from Willis Towers Watson.

Higginbotham is a regional firm based in Texas. It established its Oklahoma City practice in 2017 when local brokers Gray Holden and Chris Lavigne joined the firm.

"We started Higginbotham's first out-of-state venture, and the growth that our office has achieved is evidence that Higginbotham's single source service model is a widely needed solution among mid-sized companies," Holden and Lavigne said in a joint statement. "The added expertise and resources that this group brings will keep our momentum going."

TULSA

NGL Energy Partners to merge with Mesquite Disposals

Tulsa-based NGL Energy Partners LP has agreed to buy the assets of Mesquite Disposals Unlimited LLC and merge them with NGL's Water Solutions business for about $890 million.

Mesquite SWD Inc. will remain the operator of the Mesquite assets led by Mesquite's current management team, the companies said Tuesday. The assets consist of a fully interconnected produced water pipeline transportation and disposal system in Eddy and Lea counties, New Mexico, and Loving County, Texas.

At closing, the Mesquite system will have 35 saltwater disposal wells, representing more than 1 million barrels per day of disposal capacity expected by year-end 2019. The majority of volumes on Mesquite's system are contracted under long-term acreage dedications and minimum volume commitments.

"The Mesquite acquisition makes NGL the largest water transportation and disposal company in the Delaware Basin, providing multiple transportation, disposal and recycling options to our E&P customers," said Doug White, NGL's EVP Water Solutions. "The breadth and size of our system and diversity of our product offerings allows NGL to provide customized water solutions for all of our customers' needs. NGL remains focused on delivering on its commitments to its customers through its best-in-class execution."

Under terms of the deal, NGL will issue $100 million of its 9.625% Class C cumulative redeemable perpetual preferred units to owners of Mesquite, who also have an option to receive 6 million common units at a price of $16 per unit at closing.

SemCAMS Midstream and Keyera to build Canadian liquids pipeline system

SemCAMS Midstream ULC has agreed to a joint venture with Keyera Corp. to build a natural gas liquids and condensate pipeline system to connect the liquids-rich Montney and Duvernay production areas of northwestern Alberta to the fractionation and condensate hubs in Fort Saskatchewan, Alberta.

The pipeline system would provide producers additional and alternative transportation solutions to meet growing production and is supported by long-term contracts with significant take-or-pay commitments, the companies said

“As Alberta’s low-cost natural gas plays continue to develop, customers are searching for competitive options to move NGLs and condensates from the production and processing areas in field locations to the Fort Saskatchewan market," said Dave Gosse, President of SemCAMS Midstream. "Our well-capitalized and expanding midstream infrastructure platform makes SemCAMS Midstream the logical partner on this project, further advancing our Canadian growth strategy.”

Staff reports

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