Tulsa’s Superior Pipeline Company, L.L.C. announced Thursday that it has entered into a long-term, fee-based natural gas gathering and processing agreement with an active producer in the STACK play. The agreement replaces a prior contract with Superior, expanding the producer’s dedication area to approximately 345,000 gross acres. The Cashion system includes two cryogenic processing plants …
Phillips 66 and Phillips 66 Partners have announced a change in the date of its conference call to discuss first-quarter earnings. The two said due to a change in scheduling, the conference call webcast will now be held on Friday, May 1 at 11 a.m. CDT. At that time, the company’s executive management will discuss …
Despite the oil price war and the spreading impact of the coronavirus, Tulsa’s NGL ENergy Partners LP anticipates few changes in its budget for the new fiscal year. In a Thursday announcement, the firm said its fiscal year 2020 adjusted EBITDA should remain unchanged at $565 million to $595 million. It also expects to …
An ominous warning came from Moody’s this week—it’s concerned about the $32 billion wave of oil and gas industry debt that is coming due this year through 2024 in the U.S. Some of that debt involves Oklahoma oil and gas companies. Concerns were mounting about the debt even before oil prices collapsed to a nearly …
More completion reports filed this week with the Oklahoma Corporation Commission show new wells are adding to the existing glut of oil that has led to a massive drop in oil prices. Marathon Oil filed an amended report on the Roser 1611 2-3-34mxh well located at 3 16N 11W in Blaine County, a site about …
While WTI dropped to $20 a barrel in the U.S. oil prices in Canada are much worse—under $8 a barrel. Bloomberg says the benchmark blend of crude produced from Canada’s oil sands plunged to a record low of $7.47 a barrel on Wednesday. Blame the oil price war between Saudi Arabia and Russia and the …
