February 23, 2016 archive

Saudis Upset the Apple Cart Again Sending Crude Prices Tumbling

Once again Saudi Arabia rejects plans to cut or freeze production so crude prices fell on Tuesday. April West Texas Intermediate crude lost $1.52 to end trade at $31.87 a barrel on the New York Mercantile Exchange. April Brent crude also fell. The Lond…

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NGL Energy Partners Names CFO

NGL Energy Partners named Robert W. “Trey” Karlovich III as its new Executive Vice President and Chief Financial Officer. The landed the new executive from Targa Pipeline Partners, LP where he served as that company’s CFO over the past year.
Karlovich…

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Pipeline and Refinery Operations are Kind to Holly Energy

Dallas-based Holly Energy Partners, L.P., the firm which owns part of a 135-mile crude oil pipeline from Cushing, Oklahoma to El Dorado, Kansas as well as a refinery in Tulsa announced its fourth quarter and yearly earnings showing growth in both…

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Pipeline and Refinery Operations are Kind to Holly Energy

Dallas-based Holly Energy Partners, L.P., the firm which owns part of a 135-mile crude oil pipeline from Cushing, Oklahoma to El Dorado, Kansas as well as a refinery in Tulsa announced its fourth quarter and yearly earnings showing growth in both.
Cas…

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Chesapeake Energy Unloads 8,500 Wells in Debt Relief Effort

While Chesapeake Energy prepared to release its quarterly and yearly earnings for a year that hasn’t been kind to the Oklahoma City-based company, it was announced Houston-based Haymaker Resources just purchased mineral and royalty interests invo…

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Chesapeake Energy Unloads 8,500 Wells in Debt Relief Effort

While Chesapeake Energy prepared to release its quarterly and yearly earnings for a year that hasn’t been kind to the Oklahoma City-based company, it was announced Houston-based Haymaker Resources just purchased mineral and royalty interests involving …

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Rubio to Campaign at Devon Tower on Friday

In announcing Marco Rubio’s campaign appearance set for Friday in Oklahoma City, his campaign also confirmed that Larry Nichols, co-founder of Devon Energy Corp. is an energy advisor to the Florida U.S. Senator who’s hoping to pick up the Republi…

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Rubio to Campaign at Devon Tower on Friday

In announcing Marco Rubio’s campaign appearance set for Friday in Oklahoma City, his campaign also confirmed that Larry Nichols, co-founder of Devon Energy Corp. is an energy advisor to the Florida U.S. Senator who’s hoping to pick up the Republican no…

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Lucid Energy Gets $350 million From EnCap Flatrock Midstream

Dallas-based Lucid Energy Group II, LLC announced it has secured an initial equity commitment of $350 million from EnCap Flatrock Midstream, a San Antonio company with offices in Oklahoma City and Houston, Texas.
Lucid’s a company with a midstre…

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Lucid Energy Gets $350 million From EnCap Flatrock Midstream

Dallas-based Lucid Energy Group II, LLC announced it has secured an initial equity commitment of $350 million from EnCap Flatrock Midstream, a San Antonio company with offices in Oklahoma City and Houston, Texas.
Lucid’s a company with a midstream foo…

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