Energy

The Oklahoma energy sector’s M&A activity continued with the recent announcement by Infinity Capital Partners that it had acted as Drill Right Technology’s exclusive advisor in Drill Right’s sale to Integrity Directional Services and WCB Pole Road.

Infinity Capital Partners managing partners Bryan Vahlberg and Christopher Lee worked closely with Drill Right ownership, advising in all phases of the transaction including marketing, due diligence and structuring of the approximately $10 million transaction.

Integrity Directional Services is expected to move most non-field employees from its Dallas and Midland offices to operate out of Drill Right’s legacy Oklahoma City headquarters.

– Chip Carter, Jones PR

Oil and gas “properties,” like producing working interests, royalties and mineral interests, are bought and sold daily. Whether you are a big independent selling $50 million packages containing hundreds of wells, or an individual selling granddad’s minerals, all sellers need buyers — and the more buyers, the higher the value. But finding good customers can be difficult.

Enter EnergyNet, the country’s largest online auction site for oil and gas with 26,000+ users. Think eBay for energy. This high-tech energy company now holds the exclusive to provide online lease sales for federal government lands and seven other state land offices.

– Chip Carter, Jones PR