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The fate of Downtown\'s Kerr-McGee Tower, 123 Robert S. Kerr, no longer remains in question. Nor do other previously Kerr-McGee-owned properties Downtown and along the Oklahoma River.
Two local energy companies converged and jointly announced their dual dealings today.
SandRidge Energy Inc. will be movin' on up into Kerr-McGee Tower later this year or early next, relocating from its current headquarters in the Valliance Bank Building.
According to a press release issued today, SandRidge acquired from Chesapeake Energy Corp. real estate assets that Chesapeake acquired from Anadarko Petroleum Corp.
As part of an oil-and-gas transaction involving a portion of Chesapeake and Anadarko's assets in west Texas, "an affiliate of Chesapeake" acquired the real estate Anadarko bought in August 2006, along with its acquisition of Kerr-McGee Corp.
The properties include the aforementioned Kerr-McGee Tower in addition to two vacant properties at 324 N Robinson Ave. and 135 W Robert S Kerr Ave., three surface parking lots northeast of Kerr-McGee Tower and the 70 acres of land east of Downtown Airpark, as well as "other property in southwest Oklahoma City."
The above-listed Downtown properties have been tied up in a lawsuit between Corporate Redevelopment Group LLC and Kerr-McGee Shared Services LLC for breach of contract since Kerr-McGee sold to Anadarko on Aug. 10, 2006.
The contract, which was entered into on Nov. 3, 2005, provided for CRG acquiring and redeveloping said properties owned by Kerr-McGee, however, the deal cratered when Anadarko acquired Kerr-McGee.
CRG's Anthony McDermid says they have been told nothing.
"All our ownership group knows is what we read in the newspapers," McDermid said. "We have not been contacted by anybody from any of the parties. We have a hearing for a summary judgment in the morning, and we'll be there in the courtroom."
Though vague, the release states Chesapeake has retained "certain properties" for future use, redevelopment or resale, and SandRidge purchased the "Chesapeake affiliate," thereby acquiring ownership of the remaining properties, which does not include the 70 acres across from Downtown Airpark.
Aubrey McClendon, Chesapeake's chairman and chief executive, co-founded Chesapeake with Tom Ward, SandRidge's chairman and chief executive, who left Chesapeake in early 2006. Both are among the NBA's Seattle SuperSonics franchise ownership group.