When Continental Resources completes its move to Oklahoma City later this year, Enid will lose one energy company with roots deep in the Bakken field of North Dakota and Montana.
Another, however, is staying right here.
Enid-based Hiland Partners, wholly owned by Continental founder Harold Hamm and his family, is a completely separate company.
“We are not a subsidiary,” said Derek Gipson, Hiland Partners executive vice president and chief financial officer. “All of our transactions with Continental are done at an arm’s length. They are a great customer of ours; we enjoy working with them.”
Continental is far from Hiland’s only customer, however.
“We’re privileged to have them as a customer, but we’ve done a good job, too, of adding other key customers to our portfolio who are very active in that area,” Gipson said. That includes larger independents like Continental, some smaller private and public companies as well as some major oil companies, he added.
A midstream company
In the parlance of the petroleum business, Hiland is a midstream company, which means it purchases, gathers and markets natural gas, natural gas liquids and crude oil. Upstream firms locate and drill for petroleum, while downstream companies are involved in refining.
“We’re purely a midstream company,” said Gip-son, a St. Louis native who has been with Hiland since mid-2008. “We’re closer to the wellhead rather than when you think of long haul, interstate pipelines. We’re not in that business right now.”
Hiland takes natural gas from the wellhead, treats it to remove impurities, removes natural gas liquids, separates the NGLs and then sells the gas and its byproducts. Likewise, on the crude oil side, Hiland takes oil, blends, stores and markets it.
Hiland currently has 201 employees — 55 at its Enid headquarters, 32 in the field elsewhere in Oklahoma and 114 in North Dakota and Montana.
“As our asset base has grown, we’ve had to add folks,” said Gipson, “more so out in the field.”