February 1, 2020 archive

Chesapeake Energy is sued after deaths of 2 workers in Texas oil rig fire

Hours after a second worker died of injuries suffered in a Chesapeake Energy well fire in South Texas on Wednesday, the Oklahoma City-based company was sued by the mother of the first victim. KAGS TV in Bryan, Texas reported the lawsuit was filed by Linda Milanovich whose son Windell Beddingfield died from his injuries in …

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Fourth quarter income dropped for Magellan Midstream

Net income slipped in Magellan Midstream Partners, L.P.’s fourth quarter according to a recent report by the Tulsa-based company. Magellan reported fourth quarter 2019 net income was $286.4 million compared to $314.1 million a year earlier. “The decrease in fourth quarter 2019 net income was driven by mark-to-market adjustments for hedge positions related to the …

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Energy Transfer loses 8 year legal battle over Cushing pipeline project

The Texas Supreme Court on Friday handed a victory to Houston-based Enterprise Products Partners in a lawsuit filed by Energy Transfer Partners over a planned pipeline at Cushing, Oklahoma. The legal battle between the two midstream competitors finally came to an end after eight years when the court decided whether the firms had legally formed …

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