Oklahoma business briefs for Feb. 8, 2020
Gulfport board augmented
Gulfport Energy Corp. announced on Friday it has appointed Valerie Jochen to its board. Jochen has more than 35 years of technical industry experience and brings significant expertise in petroleum engineering and analysis of unconventional reservoirs to Gulfport.
Jochen is a professor of practice in reservoir engineering at Texas A&M University. For nearly 20 years, she held various senior positions at Schlumberger, most recently as a Schlumberger Fellow and its technical director of unconventional resources.
Before that, she held reservoir-engineering positions with Holditch and Associates and Mobil Exploration & Production.
Jochen, a registered professional engineer in Texas, holds bachelor’s, master’s and doctorate degrees in petroleum engineering from Texas A&M.
The addition gives Gulfport eight directors, including seven who are independent and five who have joined the board within the past three years.
“Gulfport is very pleased to welcome Valerie to our board as part of our ongoing refreshment process,” CEO David M. Wood said. “Her strong technical acumen, overall oil and gas business experience and collegial and objective style will complement our current directors’ expertise and support the execution of our strategic plans to build long-term sustainable shareholder value.”
Enable announces distributions
Enable Midstream Partners' board authorized fourth-quarter cash distributions on two classes of its units, the company announced Friday.
A distribution of 33.05 cents was authorized for common units, payable Feb. 25 to holders as of Feb. 18. A distribution of 62.5 cents was authorized on Series A Preferred Units, payable Feb. 14 to holders as of Feb. 7.
Beef marketing talk planned
The Cleveland County Cattlemen’s Association and the Cleveland County Cooperative Extension plan to discuss meat marketing at an event planned for early March.
William Payne, the owner and operator of Destiny Ranch near Asher, will discuss "Truth in Labeling" related to meat products at a talk set for 6:30 p.m., March 3, in Classroom C in the extension’s office.
Payne, who has experience dealing with state and federal food labeling rules and statutes, will discuss how those impact cattle markets, processors, feedlots and cow-calf producers.
“With all the day to day responsibilities a beef cattle producer has, marketing may not always be at the forefront of the producer’s mind,” the release reads, continuing, “that part of marketing may seem so far down the chain that it hardly seems to affect you.
The meeting is free and open to the public. Persons interested in attending can reserve a spot before Feb. 28 by contacting the extension at 405-321-4774.
Mid-Con dividends announced
Mid-Con Energy Partners announced this week that its general partner board of directors declared fourth-quarter dividends on two classes of its preferred units.
Officials said a distribution of 4.3 cents will be made on its Class A Convertible Preferred Units and a distribution of 3.06 cents will be made on its Class B Convertible Preferred Units.
The distributions will be paid Feb. 14 to holders of record as of Feb. 7, officials said.