Tulsa-based NGL Energy Partners LP plans to host an earnings call on Friday to discuss its financial results for the fiscal year that ended March 31, 2016. The 9 a.m. CDT call will be available to analysts, investors and other interested parties. The call will also come after NGL distributes its earnings press release following …
Barnett Shale joint venture partners, Chesapeake Energy Corporation and Total E&P USA, have agreed to settle a class-action lawsuit in Fort Worth, Texas for $52.5 million, according to a report published in The Oklahoman. The 2014 and 2015 lawsuits were filed in north Texas by nearly 13,000 property owners in Johnson, Tarrant and Dallas counties …
Linn Energy, LLC and LinnCo, LLC announced that the companies received a delisting notification from NASDAQ on Monday. According to a press release, Linn Energy and LinnCo securities will be suspended prior to the open of the stock market on Tuesday, May 24, 2016, effectively removing the companies’ securities from listing and registration. Linn Energy …
Supply and demand continues to perplex the energy industry as crude oil futures slid lower on Monday, according to Bloomberg MarketWatch. July West Texas Intermediate crude fell by 33 cents, or 0.7%, to end trading on the New York Mercantile Exchange at $48.08 a barrel. On London’s ICE Futures Exchange, July Brent crude, the …
Some farmers in New York think they’ve found a way to get around the state’s new law that banned hydraulic fracturing using water. Their method? Liquefied Petroleum Gas. The Snyder Farm Group, according to Natural Gas Now, has contracted with the Texas-based Tioga Energy Partners to use propane fracking technology which is not banned by …
Oklahoma City based-Tapstone Energy chairman Tom Ward says if the nation is ever going to see any major increase in oil exploration and production, prices will have to hit $75 a barrel. Not $50. It’s what Ward told CNBC’s “Squawk Box” in a recent appearance, stating, “In our business, the dirty little secret is you …
While the oil boom continues falling apart in North Dakota, it has claimed the venture capital firm, Intervention Energy, which filed for Chapter 11 bankruptcy in recent days. The firm, one of the largest companies focused on developing the Bakken and three forks areas in the Williston Basin, listed more than $140 million in debt …
A natural gas company isn’t ready to give up its antitrust claims against two Texas companies even after 10th U.S. Circuit court Judge Richard Matsch in Denver, Colorado ruled against it last year. Buccaneer Energy, a Nevada Corporation is appealing the judge’s ruling that show down its antitrust lawsuit filed in 2012 against SG Interest, …
Speculation grows that a lawsuit filed Saturday by Tulsa-based Williams Companies Inc. to stop Energy Transfer Equity LP from ending its merger with the company will cause a delay in the multi-billion dollar buyout. Over the weekend, ETE, based in Dallas indicated that prior to the lawsuit, progress was being made toward finalizing the merger. But …
In a move that many expect will dramatically increase the number of oil tankers moving through the waters between the U.S. and Canada, Canadian energy regulators are recommending approval of Kinder Morgan Canada’s plan to nearly triple pipeline capacity. The $5.4 billion Trans Mountain project will carry an estimated 890,000 barrels of crude oil a …
