Based in Oklahoma City, Duke Ligon is a senior advisor to the Peter J. Solomon Company. In his position with the Houston-based energy firm, Duke Ligon draws on nearly five decades of experience in the energy sector, including serving as CEO of Oklahoma City’s Mekusukey Oil.
The PJ Solomon Energy Advisory Group is active across numerous energy-industry sectors and subsectors. In 2018, the group advised on significant transactions, including a $477 million divestiture of assets from Utica Minerals Development, LLC (UMD) to Ascent Resources, LLC. The transaction represented one piece of Ascent Resource's $1.5 billion acquisition of certain assets belonging to UMD, Hess Corporation, CNX Resources, and a fourth undisclosed seller. Following the acquisition, Ascent Resources reported growth in Ohio's Utica shale field, with proved reserves of oil, natural gas, and natural gas liquids reserves increasing to approximately 7.6 trillion cubic feet of natural gas equivalent, ahead of 12-month projections.
The Energy Advisory Group also served in a financial advisory role on behalf of Canyon Midstream Partners during its sale of Pomelo Connector, LLC, to Spectra Energy Partners, LP. For a more in-depth look at these transactions or a complete list of those handled by the PJ Solomon Energy Advisory Group, visit pjsolomon.com.
Duke Ligon is an experienced financial advisor who serves as the senior vice president of the Oklahoma City-based investment firm Mekusukey Oil Company. Frequently offering consulting services as well, Duke Ligon recently joined the Houston-based Peter J. Solomon Company as a senior advisor.
A recent Peter J. Solomon report noted that international mergers and acquisition (M&A) activity has dropped due to new rules released by the Chinese government. While outbound M&A hit a peak in 2016, the activity fell in 2016 due to increased Chinese regulatory enforcement against what it calls “irrational” M&As.
Effective March 1, 2018, the new Chinese rules aim to boost transactions in certain sectors such as advanced technology, industrials, health care, and consumer goods, while suppressing transactions in industries such as luxury real estate, entertainment, and trophy sports. The new rules seem to be a boon for technology, as more than 13 percent of outbound Chinese M&As were in the computers and electronics sector.
Based in Oklahoma City, Duke Ligon is the senior vice president of Mekusukey Oil Company, a private mineral investment firm. Outside of his work in Oklahoma City, Duke Ligon serves as senior advisor to Peter J. Solomon Company, a Houston-based energy practice.
Among the earliest boutique investment banking firms to offer debt advisory and restructuring services, PJ Solomon advises chief executive officers, boards of directors, and other senior management of public and private companies. With special skills in transaction structuring, business and security valuation analysis, and multiparty negotiations, the firm’s advisors have led several of the largest restructuring transactions over the past two decades.
Through a hands-on, integrated approach, PJ Solomon develops customized solutions to address clients’ immediate financial challenges as well as their longer-term objectives. The firm prioritizes its relationships with clients, such that it is not swayed by product or market biases or conflicts of interest.
Duke Ligon serves as the founder and principal owner of Mekusukey Oil Company, a portfolio of mineral interests across the country based in Oklahoma City. In October 2017, Duke Ligon accepted an appointment as the new senior advisor to the Peter J. Solomon Company. In this role he will lend his services to the firm’s energy practice, and draw from his more than 50 years of experience in the energy sector.
An investment banking advisory firm established in 1989, Peter J. Solomon Company provides strategic advisory services to a wide array of customers from its headquarters in Houston, Texas. Its clientele range from chief executive officers and senior managers to private companies and special committees.
CEO Marc S. Cooper expressed his enthusiasm for Ligon’s appointment and recalled his previous work as a friend and mentor to the company’s partners. Ligon worked for Devon Energy Corporation for much of his career before accepting the role at Peter J. Solomon. Prior to his retirement from the company in 2007, he held numerous positions including senior executive and general counsel. He also currently holds board positions for numerous companies and organizations, such as the University of Texas Law School and several Oklahoma charities.
Attorney and businessman Duke Ligon serves as president and CEO of the company he established more than 40 years ago, Mekusukey Oil Company, LLC. The company is among the nation's largest privately held businesses focused on acquiring and managing perpetual mineral resources; it conducts business in Oklahoma and more than 20 other states. Mekusukey maintains offices in Wewoka and in Oklahoma City. Duke Ligon and his staff oversee operations covering approximately 80,000 net mineral acres.