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July 13, 2014

Mack Energy explores possibilities

DUNCAN — Mack Energy Co., a privately owned exploration and production company started by the McCasland family in Duncan, has “engaged a firm to explore strategic options for oil and gas assets” of the company.

Chris K. Fowler, vice-president of exploration and production, confirmed the move Friday but added he could provide no additional details at this time.

A meeting to make employees aware of the company’s direction was held earlier this month.

The exploration company represents various family entities involved, Fowler said. The McCasland Foundation, a $50 million charitable trust, is not expected to be affected by the study.

Tom McCasland Jr., recently named to the Oklahoma Hall of Fame and for years recognized as an industry leader and a significant business and civic leader in Duncan before moving to Dallas, is chairman of the board.

Tom McCasland III, who lives in Duncan, is president.

Fowler, a Louisiana native, has been with Mack Energy 20 years and works out of the business and technical offices that are headquartered at 1202 North 10th.

The company, which employs more than 100 people, originally organized as Mack Oil Co. by T. Howard McCasland Sr. in 1945.

It operates more than  700 wells in Oklahoma, Kansas, Texas and South Louisiana. The senior McCasland was a lease and royalty trader in the 1920s. He started his own production company in the 1930s.

The company’s website notes it expanded from southern Oklahoma to northern Oklahoma and Kansas in the 1960s with recent expansion to include Texas, the Louisiana Gulf Coast and international regions.

Mack Energy consistently, the report continues, ranks in the Top 10 oil producers in Oklahoma and has considerable non-operational property in its portfolio.

Additionally, Mack Energy and Mack Oil family members are involved in SouthOk Development Co. LC.; Fourgen LC and EnerWest Trading Co. LLC.

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