▁ ▁On ▁July ▁ 2 2 , ▁ 2 0 1 1 , ▁a ▁ 1 2 - year ▁naming ▁rights ▁partners hip ▁was ▁announced , ▁the ▁partners hip ▁between ▁the ▁Oklahoma ▁City ▁Th under ▁and ▁Ch es ape ake ▁Energy ▁Corporation ▁to ▁rename ▁the ▁ar ena ▁Ch es ape ake ▁Energy ▁Arena . ▁The ▁agreement ▁between ▁Ch es ape ake ▁and ▁the ▁Th under ▁has ▁an ▁initial ▁annual ▁cost ▁of ▁$ 3 ▁million ▁with ▁a ▁ 3 % ▁annual ▁es cal ation . ▁In cluded ▁in ▁the ▁agreement ▁Ch es ape ake ▁had ▁its ▁brand ing ▁throughout ▁the ▁building , ▁prominent ▁prem ium ▁pla cement ▁on ▁the ▁high - definition ▁score board , ▁and ▁on ▁new ▁state - of - the - art ▁interior ▁and ▁exterior ▁digital ▁signs . ▁Most ▁of ▁the ▁new ▁signs ▁were ▁in ▁place ▁before ▁the ▁start ▁of ▁the ▁Th under ' s ▁ 2 0 1 1 – 1 2 ▁season . ▁ ▁Arena ▁information ▁The ▁ ▁facility ▁seats ▁up ▁to ▁ 1 9 , 7 1 1 ▁on ▁three ▁se ating ▁levels ▁with ▁a ▁fourth ▁added ▁during ▁concert s ▁and ▁features ▁ 3 , 3 8 0   club ▁seats , ▁seven ▁party ▁su ites , ▁and ▁ 4 9   private ▁su ites . ▁It ▁is ▁located ▁immediately ▁across ▁the ▁street ▁from ▁the ▁C ox ▁Convention ▁Center , ▁a ▁market ing ▁point ▁often ▁used ▁by ▁city ▁officials ▁( since ▁C ox ▁Center ▁itself ▁has ▁a ▁ 1 5 , 0 0 0 - se at ▁ar