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.
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.
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.