TULSA, Okla., Sept. 6, 2016 /PRNewswire/ — Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has priced $500 million of its 4.25% senior notes due 2046. The notes were priced at 98.762% of par to yield 4.324% to maturity. The partnership intends to use the net proceeds from this offering of approximately $488.7 million, …
OKLAHOMA CITY–(BUSINESS WIRE)– Devon Energy Corp. (NYSE: DVN) announced today it has successfully tested its third Meramec spacing pilot and commenced production on two high-rate, extended-reach lateral oil wells in the core of the over-pressured oil window of the STACK. The Pump House spacing pilot tested a seven-well pattern across a single-section interval in the …
The Pawnee earthquake and subsequent action by the state to shut down more wastewater injection wells has drawn a statement from the Oklahoma Independent Petroleum Association. “The Oklahoma Independent Petroleum Association has released the following statement regarding the state’s recent seismic activity: The OIPA and the oil and gas industry as a whole support the …
A judge temporarily halted construction on a portion of the controversial $3.8 billion Dakota Access Pipeline as he took under advisement the Standing Rock Sioux tribe’s challenge regarding the decision of federal regulators to grant pipeline permits to Dallas-based Energy Transfer Partners. Protestors contend the proposed pipeline will contaminate drinking water supplies on the reservation …
Tulsa-based Williams Partners announced Tuesday that the company is exploring a potential sale or long-term fee-based tolling services agreement to divest ownership in its olefins plant and complex in Geismar, Louisiana. Williams currently holds an 88.5% ownership interest in the Geismar plant which was acquired in 1999 by the company. In 2015, Williams completed an …
While the West Texas Intermediate crude oil settlement reflected a gain, Brent crude suffered another loss on Tuesday, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, October West Texas Intermediate crude rose 39 cents, or 0.9%, to settle at $44.83 a barrel, after falling as low as $43.84 a barrel during the trading …
Recent layoffs at Linde Engineering North America affected 25 workers at the company’s Tulsa-based operations, according to a report by The Tulsa World. In a brief company statement, Linde indicated the decision was made based on continued economic challenges and the need to better align resources to serve customers. The company confirmed on Friday that …
A pipeline connecting Platteville, Colorado to the crude oil storage hub in Cushing, Oklahoma is now operational. The Saddlehorn pipeline pushed its initial delivery into Cushing in late August. The Saddlehorn oil pipeline is capable of transporting at least 190,000 barrels per day of crude oil from the Denver-Julesburg Basin. Saddlehorn will own origin points …
Ruling in favor of Oklahoma City-based Sundance Energy Oklahoma LLC, the 10th U.S. Circuit Court of Appeals affirmed a $1.2 million judgment on Friday against Dan D. Drilling and engineering firm Tres Management for a 2012 incident in which a driller was killed, according to a report in The Oklahoman. As the well operator, Sundance …
The Federal Energy Regulatory Commission’s being asked by Williams Partners and its Transcontinental Gas Pipe Line Company to construct a 475,000 dekatherm per day gas pipeline expansion in Texas to Louisiana. It carries a price tag of more than $3 billion. Williams intends to use the line to connect U.S. natural gas supplies with global …
