4A « August 31, 2020 « T HE J OURNAL R ECORD « journalrecord.com OKLAHOMA CITY Panhandle announces two acquisitions Panhandle Oil and Gas Inc. has agreed to acquire two packages of mineral and royalty assets totaling 795 net royalty acres in the SCOOP and Haynesville plays from Red Stone Resources for $6.9 million in cash and stock. The purchase price consists of $6.4 million in cash and $500,000 in Panhandle common stock. Oklahoma City-Panhandle plans to raise the cash portion of the purchase price through an underwritten public offering of common stock. “This is an outstanding acquisition for Panhandle that fits very well with our stated strategy to grow the company on an accretive basis,” said Chad Stephens , president and CEO. “These assets are a nice blend of producing properties, near-term development opportunities and upside potential in core areas with active drilling programs by high-quality and well-capitalized operators. It also marks our entry into the Haynesville play of East Texas and Louisiana, which we believe has significant potential and provides good development visibility.” The purchase includes 286 net revenue acres in overriding royalty interests in the Springboard area of Grady County. Panhandle priced its public offering of 5 million shares of common stock at $1.63 per share. The company granted the underwriters a 30-day option to purchase up to 750,000 additional shares of common stock at the same price. The net proceeds are expected to be $7.2 million. –Staff report OKLAHOMA CITY State, US rig counts both unchanged Oklahoma’s active rig count fo r the week ended Friday was unchanged from the previous week at 11, Baker Hughes reported. Oklahoma had 80 active rigs for the same week in 2019. The highest weekly rig count for Oklahoma this year was 53 for three weeks in January. The lowest rig count for the state in 2019 was 50 and the highest weekly rig count was 140 for the first week of January. The nationwide rig count for the week ended Friday was unchanged at 254, according to Houston-based oil-field services company Baker Hughes. The nationwide rig count was 904 a year earlier. Among other active states, Louisiana was up two rigs to 34. Texas was down one rig to 107 and New Mexico lost one to 46. Alaska, California, Colorado, North Dakota, Ohio, Pennsylvania, West Virginia and Wyoming were unchanged. –Staff report OKLAHOMA CITY Feature film begins production Deadly LL LLC has started production on the feature film Cheer for Your Life Filming is scheduled for multiple locations in and around the Oklahoma City area. The film is being produced in association with the Oklahoma Film + Music Office. Cheer for Your Life was written by Lee Gorlitz , directed by Jared Cohn and produced by Daniel Roth and John Mehrer Cheer for Your Life is an independent feature thriller set in the world of high school cheerleaders. The film is the second project the team has produced in Oklahoma since the COVID-19 pandemic hit the U.S., and has hired more than 20 local crew members. “We had such a wonderful experience in Oklahoma back in June that we immediately made plans to shoot this film here as well,” said Roth. “The crews are quite experienced and the locals have been nothing but an asset in assisting production.” The Oklahoma Film + Music Office, part of the Oklahoma Department of Tourism and Recreation, is the administrator for the Oklahoma Film Enhancement Rebate Program. –Staff report OKLAHOMA CITY Labor law webinars set Crowe & Dunlevy has sc heduled a series of live labor law webinars to address challenges and questions due to the COVID-19 pandemic. The webinar sessions are set for noon each Wednesday in September and October, beginning Sept. 2. In the first session, Adam W. Childers , co-chair of the firm’s Labor & Employment Practice Group, will examine the legal pitfalls associated with reductions in force, furloughs and other post-employment pandemic considerations. Other topic include Emergency Family and Medical Leave Act, emergency sick leave and other leave-of-absence issues in the COVID-19 era, Sept. 9; Preventing unintended consequences after receiving a complaint, Sept. 16; COVID-19 and the Americans with Disabilities Act, Sept. 23; The impact of social justice movements in the workplace, Sept. 30; What employers must consider when National Guard and other service members return from duty, Oct. 7; OSHA in the time of COVID-19, Oct. 14; How recent Supreme Court decisions will impact future employment law issues, Oct. 21; and Regulatory concerns for employers during an economic downturn, Oct. 28. Each complimentary webinar is pre-approved for one hour of SHRM credit and currently pending HRCI approval. Registered attendees will receive activity IDs by email following each completed webinar. To register and to view the complete schedule of topics and presenters, visit crowedunlevy.com/labor- employment-webinar-series. –Staff report OKLAHOMA CITY Venture forum to feature David Jankowsky David Jankowsky , Francis Renewable Energy of Tulsa, will be the speaker at the Oklahoma Venture Forum Virtual Power lunch on Sept. 9 from 11:30 a.m. to 1 p.m. The Oklahoma Venture Forum is a nonprofit organization formed in 1987 to encourage economic development in Oklahoma. “We know there’s literally NEWS IN BRIEF Southeastern receives $6,500 aerospace grant from OAC Students at the Take Flight Aviation summer camp in Southeastern State Oklahoma University in Durant. COURTESY PHOTO/ SOUTHEASTERN OKLAHOMA STATE UNIVERSITY MAIN OFFICES Corporate Tower 101 N. Robinson, Suite 101 Oklahoma City, OK 73102 405-235-3100 CAPITOL BUREAU 2300 N. Lincoln Blvd., Room 431 Oklahoma City, OK 73105 405-524-7777 LETTERS TO THE EDITOR The Journal Record welcomes original, signed letters of up to 200 words on any public issue. Longer submissions focusing on business topics may be considered for a guest column. Letters may be edited for length, style and content. Submissions must be addressed to The Journal Record and include your name, address and daytime telephone number for verification. Letters submitted become the property of The Journal Record , which retains all rights on if, when or how a submission is published. Submit letters by one of three ways. E-mail: perspectives@journalrecord.com. Fax: 405-278-2890. U.S. Mail: Perspectives, c/o The Journal Record , P.O. Box 26370, Oklahoma City, OK 73126-0370. Mail subscription prices are $229 per year. Newsstand price is $1 per copy. To subscribe, call 1-877-615-9536. Published daily except Saturday, Sunday, New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, the Friday after Thanksgiving Day, and Christmas Day, with an extra issue in December, by The Journal Record , 101 N. Robinson, Suite 101, Oklahoma City, OK 73102-9020. Periodicals postage paid at Oklahoma City, OK. POSTMASTER: Send address changes to BridgeTower Media Subscription Service, P.O. Box 1667, Minneapolis, MN 55480-9936 The Journal Record (ISSN 0737-5468) takes great care to publish all suits, judgments, documents of record and other information. These are not published to affect the credit or standing of the parties named. The publisher shall not be liable for errors in an advertisement including public notices. If there is an error for which the publisher assumes responsibility, that responsibility shall be limited to a single republishing of the advertisement or public notice, or for a suitable adjustment on the billing not to exceed the cost of more than one insertion. DURANT – Southeastern Oklahoma State University received an Aerospace and Aviation Education Program grant in the amount of $6,500 from the Oklahoma Aeronautics Commission. Thirty-eight organizations were awarded similar grants or contracts totaling more than $330,000 from the Oklahoma Aeronautics Commission. The commission approved an education grant for Southeastern’s Take Flight Aviation Science Camp. The program is an aerospace education program designed by the Southeastern Aviation Sciences Institute to expose students to aeronautics and flight. “This grant will enable us to continue offering our popular summer flight camp,’’ said Lloyd Sauls, director of the Aviation Sciences Institute. “We look forward to having another successful camp next year, thanks to the support of the Oklahoma Aeronautics Commission.’’ The camp was not held this summer due to the COVID-19 pandemic. The summer camp will provide students the opportunity to participate in activities that will introduce students to aerodynamics, design and performance, navigation, and weather. It is estimated that 25 students will participate. The weeklong camp allows students to live in residence halls on campus and attend a variety of classes, learning about careers in aviation and the science behind flying aircraft. Students have the opportunity to fly with a staff flight instructor, and the camp is staffed by current Aviation-Professional Pilot majors at Southeastern. –Staff report 1 1 1 1 1