news brief : + oge energy corp . ' s enogex subsidiary sells non - core assets
oge energy corp . said its enogex inc . subsidiary has closed on the sale of
several assets no longer considered vital to its core business . these assets
include interests in oil and gas - producing properties in utah and three
natural gas - gathering pipeline systems in oklahoma . terms of the
transactions were not disclosed . proceeds from the asset sales , totaling
about $ 14 million , will be used to pay down short - term debt associated with
enogex ' s 1999 acquisition of transok llc .
in utah , enogex sold all of its interests in its oil and gas properties ,
along with all related rights , equipment , real property , leases and
agreements . in oklahoma , enogex sold the piedmont and el reno systems in
canadian county and the fidelity gathering system in oklahoma county ,
including all gathering lines , compressors and equipment along with related
contracts and rights of way .
the oklahoma sale was to seminole gas co . , a wholly owned subsidiary of
seminole energy services llc of tulsa .
news brief :
+ oge energy corp . ' s enogex subsidiary sells non - core assets
oge energy corp . said its enogex inc . subsidiary has closed on the sale of
several assets no longer considered vital to its core business . these assets
include interests in oil and gas - producing properties in utah and three
natural gas - gathering pipeline systems in oklahoma . terms of the
transactions were not disclosed . proceeds from the asset sales , totaling
about $ 14 million , will be used to pay down short - term debt associated with
enogex ' s 1999 acquisition of transok llc .
in utah , enogex sold all of its interests in its oil and gas properties ,
along with all related rights , equipment , real property , leases and
agreements . in oklahoma , enogex sold the piedmont and el reno systems in
canadian county and the fidelity gathering system in oklahoma county ,
including all gathering lines , compressors and equipment along with related
contracts and rights of way .
the oklahoma sale was to seminole gas co . , a wholly owned subsidiary of
seminole energy services llc of tulsa .