December 6, 2023 archive

Open season announced on NGL’s Grand Mesa pipeline to boost flow to Cushing

  Tulsa’s NGL Energy Partners LP opened a binding open season on Wednesday for its crude oil Grand Mesa Pipeline, LLC in Colorado and Wyoming to move product to the Cushing Hub in northern Oklahoma. The season will close on January 5, 2024 at 5 p.m. Central Daylight Time. Grand Mesa provides takeaway capacity for …

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Mammoth Energy subsidiary transfers millions to reduce debt

  Mammoth Energy Services in Oklahoma City announced the completion of a multi-million dollar transfer from its wholly owned subsidiary Cobra Acquisitions LLC to pay down on its debt. Cobra transferred approximately $54.4 million of its outstanding receivable with the Puerto Rico Electric Power Authority to SPCP Group, LLC in exchange for net proceeds of …

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Energy headlines

** The U.S. Federal Trade Commission has sent shale oil producer Pioneer Natural Resources and Exxon Mobil a second request for more information on their $60 billion takeover deal, Pioneer said on Tuesday. The companies are working with the FTC and continue to expect that the deal will be completed in the first half of 2024, Pioneer …

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