Duke Ligon is an Oklahoma City-based attorney with experience spanning the oil and financial sectors. In addition to sitting on the board of Panhandle Oil and Gas, Inc., and Blueknight Energy Partners, LP, both based in Oklahoma City, he serves as senior advisor to Peter J. Solomon and Company. Duke Ligon is also executive council co-chair of the Kay Bailey Hutchison Center for Energy, Law, and Business (KBH Energy Center), which is jointly operated by the law and business departments of the University of Texas at Austin.
One significant issue addressed in KBH Energy Center research is mineral rights as they pertain to horizontal wells, which often require crossing lease lines to drill. With the arrival of advanced technologies that enable quick, economical drilling of horizontal wells, the Texas legal system is deficient in providing guidance on the specific legal principles that apply when the mineral lessee initiates a horizontal well with the aim of crossing lease lines. A persistent question is whether the driller of this horizontal well requires permission, or pooling authority, from the owner of the adjacent property that is affected.
The author of the research paper concludes that standard oil and gas leases provide the full range of authority required to develop horizontal wells that cross lease lines underground. Consequently, the lessor is not entitled to injunctions that would prevent the drilling of such wells.
The principal owner and CEO of Mekusukey Oil Company, Duke Ligon of Oklahoma City leads the organization in the acquisition of perpetual mineral interests. Aside from this role, Duke Ligon recently accepted an appointment to become a senior advisor for Peter J. Solomon Company’s (PJSC) Energy Advisory Group in Houston.
Established in May 2016, the Energy Advisory Group provides strategic investment banking advisory services to clients in the energy industry, including those in the midstream, upstream, upstream A&D, and power utility sectors. The group utilizes an extensive network of sector relationships and staffs a dedicated team with deep strategic and operational knowledge.
Additionally, the leadership team behind the Energy Advisory Group possesses more than five decades of experience in domestic and cross-border transactions that range from mergers and acquisitions to restructuring and bankruptcies. Energy Advisory Group’s recent transactions include offering financial advisory services to the ad hoc Committee of Equity Security Holders of Ultra Petroleum.
See the full press release at www.pjsc.com/news-and-events/duke-r-ligon-former-devon-energy-executive-joins-peter-j-solomon-company.
Duke Ligon, head of Mekusukey Oil Company, also serves on the boards of numerous other oil and gas concerns in and around Oklahoma City, Oklahoma. These positions include membership on the board of Panhandle Oil and Gas, Inc. Duke Ligon joined the board in 2007 when the former Panhandle Royalty Company changed its name.
After noting Native Americans’ extensive medicinal use of the surface petroleum found under rock beds and on creeks and ponds, 19th-century European-American settlers in Oklahoma began to prospect for oil. In 1872, the Chickasaw Oil Company became the first named corporate oil concern.
Like many of its peer companies, Panhandle originated during the boom days of the 1920s. Oklahoma, situated in a particularly advantageous part of the petroleum-rich Mid-Continent Region, led its neighboring states in the production of oil.
Over the first three-and-a-half decades of the 20th century, Oklahoma generated well over $5 billion from the production of close to a billion barrels of oil. The state used its prosperity to spur further development over the succeeding decades.
Experienced oil and gas company executive and philanthropist Duke Ligon heads Mekusukey Oil Company, LLC, the Oklahoma City, Oklahoma-based firm he founded more than four decades ago. Duke Ligon additionally maintains board memberships with a broad range of nonprofit and corporate interests, such as Blueknight Energy Partners, LP.
Based in Tulsa, Oklahoma, Blueknight Energy Partners was formerly SemGroup Energy Partners. Known for its diversified holdings in a variety of complementary, midstream investments, SemGroup’s core business involvement included the storage, transportation, and terminal handling of liquid asphalt and crude oil. In the late 2000s, SemGroup reconfigured under new ownership with the new Blueknight brand, with the same focus on midstream assets.
Today, Blueknight’s holdings comprise a storage capacity of more than 16.5 million barrels. In addition, it owns hundreds of oil transportation and servicing vehicles and close to 700 miles of pipeline. In 2016 the company announced the acquisition of nine asphalt terminals from Ergon, Inc., for $108.8 million, bringing their total number of terminals to 54.
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.