Promotions of several officers have been announced by Houston-based Plains All American Pipeline, L.P. Mark Gorman, Dan Nerbonne, Phil Smith and Dwayne Koehn have been promoted or have assumed more responsibilities. Gorman’s currently Executive Vice President Operations and Engineering and is moving to a new role of Executive Vice President. He’ll be a special advisor …
Oklahoma City-based Chesapeake Energy reports the results to date of its pending cash tender offers for its outstanding notes. As a result, it has increased the tender cap for Notes maturing during and after 2019 from $250,000,000 aggregate purchase price to $325,000,000 and together w3ith the $400,000,000 tender cap for Notes maturing prior to …
Oklahoma City-based Enable Midstream Partners has named Craig Harris to be executive vice president and chief commercial officer effective Sept. 6, according to an announcement by Enable’s president and CEO, Rod Sailor. “He brings an impressive track record of success in a variety of roles at energy-related organizations and solid experience in leading the development …
More than 15 percent of the stock of Phillips 66 is now owned by Warren Buffett’s company after it purchased another 414,065 shares in recent days. Berkshire Hathaway, based in Omaha, Nebraska now owns about 79.5 million shares of the company that was founded in Bartlesville. The 79.5 million is 15.2 percent of the Houston-based …
September 1 is the deadline for Bakken region “man camps” to shut down in Williston, North Dakota. The Williston City Commission gave final approval to an ordinance eliminating the temporary camps for oilfield workers. Operators can seek permission to reopen the man camps if the oil and gas industry goes full throttle again. Many of …
Oil futures managed to hold on to a slight gain on Friday, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, October West Texas Intermediate crude rose 31 cents, or 0.7%, to settle at $47.64 a barrel. For the week, prices lost about 3% following gains over the last three weeks. On London’s ICE …
The number Canadian rigs surged dramatically while the U.S. rig count fell by two this week, according to the Baker Hughes rig count released on Friday. Canada garnered the most activity this week, adding 25 rigs for a total of 146. Canada is down 50 rigs when compared with data from a year ago. The …
The Williams Companies Inc. announced Friday that it will purchase 6.975 million common units from Williams Partners L.P. for approximately $250 million. The price per common unit of $35.84 is equal to the average of the high and low trading prices of the Partnership’s common units on the New York Stock Exchange for each of …
Several dozen Norman citizens attended a Wednesday night Board of Adjustment meeting in the city council chambers to voice their concern over a proposed oil pipeline, according to a report by Grant Hermes of News 9. The Red River Pipeline would stretch 350 miles from Longview, Texas to Cushing, Oklahoma. A portion of the line …
A state district judge in Louisiana has cleared the way for the first civil trial brought by workers injured in a fatal 2013 plant explosion and fire at the Williams Olefins complex near Baton Rouge. Two men were killed and 114 workers were injured in the June 13, 2013 blast at the facility located in …
