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The Journal Record Daily Update
Today
Bouncing back: Life goes on at Quest
Quest Resources, Quest Energy Partners and Quest Midstream are functioning well, says David Lawler, newly named president of the companies. Lawler was the chief operating officer and was put into the top spot when Jerry Cash, who was chairman, president and CEO, resigned after being named as part of an Oklahoma Department of Securities investigation. Late last week, the Department of Securities filed a civil action in Oklahoma County District Court against Cash and alleged he transferred funds from Quest and at least one of its affiliates to Rockport Energy.
BP racks up another large purchase with Chesapeake buy
The American subsidiary of British oil and gas giant BP last month spent $1.7 billion buying Chesapeake Energy properties in the Woodford Shale play of southeastern Oklahoma and on Tuesday it wheeled right back and said it plans to spend another $1.9 billion to buy 25 percent of Chesapeake's Fayetteville Shale properties in Arkansas.
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Discount Tire rolling into Okla.
A curmudgeonly old woman with some violent tendencies is headed for Oklahoma. Fortunately, she's only a fictional character.T he little old lady, known for pitching a tire through a plate-glass window at a Discount Tire Co. shop, has been an advertising icon for the company since 1975. The tire chain, founded in Michigan in 1960, has moved into Oklahoma and plans to open five stores in the Oklahoma City area by January.
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Arena Resources plots Texas office to target acquisitions
Arena Resources will open a Midland, Texas, office this fall to buy new assets and companies in the Permian Basin. Over the last year, the Tulsa oil and gas company spent $50 million to bolster its already sizable presence in that key area of west Texas and southwestern New Mexico. Vice President of Land Tom Wahl said the company may increase that significantly over the next four to six years.
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BOA names Lissau president of Oklahoma operations
Tulsa native William Lissau has been named president of Bank of America's Oklahoma operations, bank officials said Tuesday. Lissau, who will also act as Tulsa market president, will continue to serve as private client advisor for U.S. Trust Bank of America Private Wealth Management, Bank of America Market President Executive Walter Elcock said.
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BOKF extends roots in home turf
Despite its expansive name, you can still drive across wide expanses of Oklahoma without seeing a Bank of Oklahoma sign. That provides parent BOKF Financial a stable growth field in this time of financial sector instability, say market analysts.
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