Kirkpatrick Oil Company Announces Bolt-On Mid-Continent Acquisition
Kirkpatrick Oil Company, Inc., recently announced the acquisition of 29 operated wells from Ranken Energy. These oil-rich properties are located in the Cleveland, Garvin, McClain, and Pottawattamie Counties of Oklahoma and further strengthen the Company’s position in the Mid-Continent.
Chris Keesee, Chairman of the Board, said in a statement, “Strategic acquisition has been a focus of our commitment to long-term growth, and we are pleased to start the new year strong with the acquisition of additional operated Mid-Continent properties.”
“We are very excited about this acquisition as a strategic bolt-on to our current operations. The addition of producing properties provides immediate accretion to our financial metrics, enhancing the overall value of the Company as we focus on long-term growth,” said Melinda Merideth, President and CFO.
Kirkpatrick Oil Company is a long-time independent exploration and production company that operates assets in Oklahoma and Texas. A 5th generation family firm, it is owned today by Christian Keesee and his son Blake Keesee. Kirkpatrick Oil is headquartered in Oklahoma City and maintains a field office in Hennessey, Oklahoma.
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Melinda Merideth Named President & CFO of Kirkpatrick Oil Company
OKLAHOMA CITY, OKLAHOMA –Christian Keesee, Chairman of Kirkpatrick Oil Company is pleased to announce the appointment of Melinda Merideth as President and Chief Financial Officer following Cindy Kyle’s retirement from the company after 13 years of service. Merideth joins the ranks of an exclusive group of women presidents to lead an oil and gas company and is the second consecutive female to be named Kirkpatrick Oil Company’s President.
“I am very pleased to be joining the Kirkpatrick Oil Company team,” said Merideth. “And look forward to carrying the baton forward as we focus on asset growth, through both acquisition and exploration.” With a recent divestiture of 490 non-operated interests in 5 different states, the company is committed to a heightened focus on operation of core assets within the Mid-Continent region.
Merideth has more than 18 years of experience in accounting, finance, corporate development and risk management. She began her career in public accounting with KPMG. During this time she was stationed at the firm’s London office for two years working with international clients in a range of industries.
After returning to the United States, Merideth worked in the film industry as VP of Finance of private equity backed LD Entertainment. While at LD Entertainment, Merideth worked on film projects garnering five Academy Award nominations as well as one film, The Grey starring Liam Neeson, that opened number one at the box office. She then transitioned to the oil and gas industry, serving eleven years at Canvas Energy in a variety of finance and accounting roles. She is a graduate from the University of Oklahoma with a Bachelor of Accountancy and a Bachelor of Business Administration in Management Information Systems. She is a Certified Public Accountant and currently serves as a member of the IPAA and the Petroleum Alliance of Oklahoma.
“The oil and gas industry is challenging and solid leadership has been the key to our success at Kirkpatrick Oil Company,” said Keesee. “As we move into a new era with Melinda Merideth as President & CFO, we have a continued sense of determination. Her breadth of experience is exceptional, and I look forward to her fresh perspective and approach to our business model.”
Kirkpatrick Oil Company Announces Divestiture
OKLAHOMA CITY, OKLAHOMA – Kirkpatrick Oil & Gas L.L.C. recently announced a recent divestiture of 90% of its non-operated working interests in assets across five states, as the company has directed its efforts to monetize non-core holdings over the past two years.
“This divestiture further signals our ongoing focus to acquire core operated producing assets primarily in the Mid-Continent,” said Christian Keesee, chairman of the board. “Strategic acquisitions remain a key part of our current and future approach to achieve long-term growth.”
Kirkpatrick Oil & Gas L.L.C., a long-time Oklahoma exploration and production company, operates assets in Oklahoma and Texas. A 5th generation family firm, the company traces its heritage from the acquisition of Oklahoma mineral interests by Mack Barkley Blake in 1922 to the eventual formation of Kirkpatrick Oil Company in the 1950s by John Kirkpatrick. Owned today by Christian Keesee and his son Blake Keesee, Kirkpatrick Oil is headquartered in Oklahoma City and maintains a field office in Hennessey, Oklahoma. It is affiliated with Kirkpatrick Bank, headquartered in Edmond, Oklahoma.
“Kirkpatrick Oil Company has stood the test of time by maintaining our vision that was established more than 90 years ago,” said Cindy Kyle, president and chief financial officer. “Shaped by a combination of successful drilling, acquisitions and divestitures, we take pride in our history and strive to continue the legacy of growth and success."