First foreign shipment of crude oil leaves EPIC pipeline in Texas

Permian Basin oil is being shipped overseas as EPIC Crude Holdings, LP announced one of its subsidiaries has loaded and launched the first shipment of crude from a terminal at the Corpus Christi, Texas Ship Channel. The shipment was sent from the IGC marine terminal which was formerly the International Grain Port Terminal and repurposed …

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ONEOK opens new line carrying NGLs from Williston Basin to Kansas

ONEOK, Inc. based in Tulsa announced the completion of its Elk Creek Pipeline. Natural gas liquids volume is now flowing on the fully completed 900-mile pipeline, which extends from the Williston Basin to ONEOK’s existing Mid-Continent NGL facilities in Bushton, Kansas. Elk Creek has the capacity to transport up to 240,000 barrels per day of unfractionated NGLs and the …

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OKC firm acquires Jones Energy in $201 million deal

Jones Energy II, Inc. a long-time exploration firm familiar in western Oklahoma and the Texas Panhandle has been acquired by  year-old Revolution II Wi Holding Company LLC of Oklahoma City is a $201 million deal. Revolution Resources will pay shareholders in Jones Energy, based in Austin, Texas $14.11 in cash for each share of the …

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Energy news in brief

** ONEOK, Inc. will participate in the Wells Fargo Midstream and Utility Symposium Dec. 11-12, 2019, in New York City. ONEOK management will present at the conference at 4:45 p.m. Eastern Standard Time (3:45 p.m. Central Standard Time) on Wednesday, Dec. 11. The presentation will be webcast and accessible on ONEOK’s website, www.oneok.com.  A replay of the webcast will be …

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Is Russia behind some of the anti-fracking movement?

Are the Russians behind some of the anti-fracking movement in the U.S.? Now before you think it’s a half-baked idea, the very possibility of such Russian interference arose in the recent House impeachment hearings against President Trump. And it caught the attention of Steve Bucci, a military assistant to former defense secretary Donald Rumsfeld. Bucci …

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Devon and Dow agree to develop STACK operations

Devon Energy Corp. announced Tuesday it has entered into an agreement with Dow (NYSE: Dow) to jointly develop a portion of the company’s STACK acreage in central Oklahoma. Under this agreement, Devon will monetize half of its working interest in 133 undrilled locations in exchange for approximately a $100 million drilling carry over the next …

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Oil spill reported in western North Dakota

An oil spill involving more than 20,000 gallons of oil is under investigation in North Dakota. The Associated Press reported that vibration in an oil tank reportedly caused a bolt to come off and spill the more than 542 barrels of oil in western North Dakota near Watford City. The  North Dakota Oil and Gas …

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New director named at NGL Energy Partners

Tulsa-based NGL Energy Partners LP has named former ONEOK executive Derek Reiners to its board of directors of its general partner. The appointment is effective immediately and he replaces James C. Kneale who will retire from the board after 8 years of service effective Dec. 31, 2019. He will be an independent director and was …

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Investment fund acquires southern natural gas line

A fund managed by London-based Basalt Infrastructure Partners II GP Limited has completed its acquisition of Texas-based Third Coast Midstream LLC’s natural gas transmission business involving supplies in Arkansas and other southeastern states. Details of the acquisition were not revealed. Basalt announced it will rebrand the Houston-based business as Black Bear Transmission which includes 7 …

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Panhandle Oil and Gas to release final 2019 financial results

Oklahoma City’s Panhandle Oil and Gas Inc. plans to release its fiscal 2019 results on December 12, 2019. The fiscal year for the company ended Sept. 30, 2019 and the financial results will be made available after the close of trading on the New York Stock Exchange. Company leaders also plan to hold a conference …

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