Oil futures finished higher for a third straight week on Friday, supported by expectations that U.S. crude production will continue to decline. Analysts cautioned against the sustainability of the recent price rally, according to Bloomberg MarketWatch. June West Texas Intermediate crude rose 55 cents, or 1.3%, to settle at $43.73 a barrel on the New …
April 24, 2016 archive
OCC’s Dana Murphy Commends Legislature on Passage of New Tool in Earthquake Response
Oklahoma Corporation Commissioner Dana Murphy thanked Governor Fallin and lawmakers who worked to pass House Bill 3158, clarifying the authority of the Corporation Commission (OCC) to respond to the risk of induced earthquakes. The bill allows the OCC to take emergency action with regard to disposal well operation or other activities within its jurisdiction when public safety …
Energy Transfer Begins Operations on Bayou Bridge Pipeline
Commercial operations on a 30-inch segment of the Bayou Bridge Pipeline from Nederland, Texas to Lake Charles, Louisiana have been started by the Bayou Bridge Pipeline LLC, a firm jointly owned by subsidiaries of Phillips 66 Partners LP, Energy Transfer Partners LP and Sunoco Logistics Partners LP. Energy Transfer is the owner of the Panhandle …
Houston Firm Makes $102 million Assets Purchase
Despite the downturn in oil and gas prices, Houston-based Black Stone Minerals L.P. has made a $102 million purchase of 1.2 million acres of assets in Texas, Louisiana and Arkansas. The company made the purchase from Freeport-McMoRan Oil and Gas. “This transaction is a great example of the type of package that Black Stone likes to …