October 4, 2020 archive

Third Coast Midstream Announces Sale of its Cushing Crude Oil Storage Business to HCS Holdings, LLC

    Third Coast Midstream, LLC announced that a subsidiary has completed the sale of its Cushing, OK crude oil storage business “AMID Crude Oil Storage” to HCS Holdings, LLC, an affiliate of Hartree Partners, LP. AMID Crude Oil Storage consists of five crude oil storage tanks with approximately 3.0 MMBbls of storage capacity. “Third Coast Midstream …

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Devon Energy Completes Sale of Barnett Shale Assets

  Oklahoma City-based Devon Energy Corp. has completed the sale of its assets in the Barnett Shale of North Texas to Banpu Kalnin Ventures. Devon received a cash payment of $320 million from BKV at closing, after adjusting for a $170 million deposit received in April and purchase-price adjustments that, among other things, allocate revenues …

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Noble Energy shareholders okay merger with Chevron

  Shareholders of Noble Energy, Inc have voted to support the pending merger of the company with Chevron Corporation. Their vote took place in a special meeting on Friday and the two companies expect to close the merger in the fourth quarter of 2020.   “We are pleased that Noble Energy shareholders resoundingly support the …

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Energy firms wonder if Friday’s gains will hold on Monday

  Friday’s stock closing proved to be a gain for some Oklahoma energy firms while others suffered negative reports. But the question will be on Monday is whether those firms that made gains will see more as trading gets underway. Alliance Resource Partners went up 9 cents for a 3.25% gain to $2.86 per share. …

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