December 7, 2018 archive

Senators named to energy-related committees in Oklahoma State Senate

    Senate President Pro Tempore-designate Greg Treat has announced the full committee assignments of Senate Republicans for the 57th Legislature including those that could have a direct impact on energy in Oklahoma. Treat also announced meeting times and locations of Senate committees for the 2019 session. The standing committees remain the same from the past …

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Widow Alleges Patterson-UTI Acted Negligently in Amended Pleadings

A widow has amended her legal petition in Pittsburg County to blame another party in the January 22 drilling rig explosion in Quinton, according to an article published by The Journal Record. Dianna Waldridge is suing Red Mountain Operating and other contractors, including Patterson-UTI Drilling Co., alleging they acted negligently and contributed to the death …

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Williams Completes Sale of Gulf Coast Pipeline Components to Easton Energy LLC

Tulsa-based Williams announced the sale of pipeline systems located in the Gulf Coast area to Easton Energy LLC for $177 million in cash. The sale closed on November 30, 2018, according to a company press release issued on Thursday. The 31-mile Texas Belle Pipeline, which transports natural gas liquids from Mont Belvieu to customers along …

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Texas-based Vecta Acquires Polaris Services LLC

Weatherford, Texas-based Vecta Environmental Services, LLC has acquired Polaris Services, LLC, a privately-owned local hydro-excavation company, according to an announcement issued Wednesday by Cotton Creek Capital. Terms of the disclosure remain undisclosed. The merger of Vecta and Polaris provides Vecta with increased scale and capabilities complimenting its full suite of industrial service offerings to chemical, …

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Crude Oil Inventories Drop First Time in 11 Weeks

Crude oil inventories have declined for the first time in 11 weeks as record shipments of crude oil to foreign markets made the United States a next exporter of petroleum products for the first time in nearly 70 years, according to a report in Fuel Fix. U.S. commercial crude oil inventories declined by 7.3 million …

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