April 8, 2017 archive

7-Eleven to Purchase C-Stores from Sunoco for $3.3 Billion in Deal With Fuel Supply Contract

The ink was hardly dry on Energy Transfer Equity, L.P.’s recent influx of $300 million into Sunoco LP when Sunoco announced on Thursday that it will sell nearly 1,100 fueling stations and convenience stores in Texas and the Northeast to 7-Eleven in a deal worth $3.3 billion. OK Energy Today reported on March 31 regarding …

Continue reading »

Crude Oil Futures Rise to One Month High on Friday After Syria Airstrike

Following a U.S. airstrike on Syria, crude oil futures ended at a one-month high on Friday, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, May West Texas Intermediate crude jumped 54 cents, or 1.04%, to settle at $52.24 a barrel. For the week, the U.S. benchmark rose 3.2%. On the London ICE Futures …

Continue reading »

Oil and Gas Rig Counts Grow in Oklahoma and the U.S.

Oil and gas rig counts increased in Oklahoma and the nation in the past week with Oklahoma adding four to reach a total of 122. The U.S. count added 15 to hit 839. The nationwide count added 10 more oil rigs to reach 672 while the number of gas rigs grew by 5 to hit …

Continue reading »