Based in Oklahoma City, Oklahoma, oil and gas industry executive Duke Ligon serves as the founding owner of Mekusukey Oil Company, LLC. In addition to this role, he contributes to local and national nonprofit organizations and sits on numerous corporate boards of directors. A decade ago, Duke Ligon accepted an appointment to the board of Panhandle Oil and Gas, Inc.
At the time of Mr. Ligon’s 2007 appointment, the oil and natural gas exploration and development firm noted his decades of work in the field of corporate and governmental affairs, including the supervision of numerous mergers and acquisitions and securities-related matters. In his service to the company, he held a position on the Audit Committee and was chairman of the Governance and Nominating Committee.
Panhandle, paying quarterly dividends to its thousands of investor-shareholders, has served its region for close to a century. Founded in the 1920s, it operated as a co-operative enterprise for its first 50 years before merging with Panhandle Royalty Company. In 2007, it began doing business under its current name.
At the close of September 2016, Panhandle held close to 5.5 million barrels of oil in its total proven reserves, as well as more than 80 million MCF of natural gas, and natural gas liquids totaling more than 1,600,000 barrels.
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.