Briefs for the Oklahoman Business cover on Jan. 14, 2020
Chaparral listing is safe
Oklahoma City-based Chaparral Energy on Monday announced the New York Stock Exchange notified it that the company’s stock, traded under the ticker CHAP, successfully has complied with the exchange’s continued listing standards.
The company had been notified in mid-November that its stock was in danger of being delisted from the exchange because of its value. After that, the company replaced its CEO and made changes to its board of directors, causing its stock price to surge.
“We are pleased to have regained full compliance with all NYSE listing requirements,” said Charles Duginski, who was named Chaparral’s CEO in late December.
“We remain focused on adding value through operational excellence and maximizing returns from our drilling program.”
Matrix awarded contract
Matrix Service Inc., a subsidiary of Matrix Service Co., was selected by Eagle LNG Partners LLC to engineer and build a liquified natural gas export facility in Jacksonville, Florida, the companies announced Monday.
Officials said Eagle LNG expects to spend about a half billion dollars on the project, which it expects will have a daily production capacity of about 1.65 million gallons, marine and truck loading terminals, plus 12 million gallons of storage.
“Eagle LNG is experiencing a growing demand for LNG to serve small-scale export markets, while domestic demand for fuel-grade LNG continues to increase," said Dick Brown, Eagle LNG’s CEO.
"We are extremely proud to have been selected by Eagle LNG to provide turnkey solutions for this project, which will expand their ability to provide clean, low-cost, domestically produced natural gas to both domestic and global markets,” said John Hewitt, Matrix Service Co.’s CEO.