Tulsa-based NGL Energy Partners LP has named Christopher Beall to its board of directors of its general partner, NGL Energy Holdings LLC. Beall has more than 16 years of experience in direct investments, investment banking and finance and served as a key investment professional for Highstar Capital prior to joining Oaktree Capital in 2014, according …
Days after announcing it had started asking for approval from its creditors of a prepackaqed Chapter 11 bankruptcy reorganization plan, Oklahoma City-based Seventy Seven Energy Inc. stated it had entered into a second amended and Restated Restructuring Support agreement. But it still intends to head to bankruptcy court. In Friday’s announcement, the struggling energy …
Dallas-based Energy Transfer Partners LP, the same firm in the midst of a merger with Tulsa’s Williams Companies, has successfully won agreement with every landowner along its $3.8 billion Dakota Access Pipeline in the Dakotas. But the pipeline has picked up opposition from movie star Leonardo DiCaprio who said he is “standing with the Great Sioux Nation …
A bill passed by the Oklahoma Senate on Thursday would eliminate a tax rebate for economically at-risk oil wells, resulting in a savings of over $130 million for the state. The bill — SB 1577 — authored by Senate President Pro Tempore Brian Bingman and House of Representatives Speaker Jeff Hickman, was approved by a …
Oil futures maintained positive momentum on Thursday, settling at over $46 a barrel after achieving a new six-month record, according to Bloomberg MarketWatch. Oil prices have seesawed recently due to a myriad of issues including Iran’s efforts to boost production yield, outages causing a decline in global production and a continued dip in crude inventories. …
Final regulations clamping down on methane emissions from new and modified oil and gas operations were finalized Thursday by the U.S. Environmental Protection Agency. It’s part of the Obama administration’s effort to slash emissions by 40 to 45 percent from 2012 levels by 2025. The rule is aimed at preventing 11 million metric tons of …
The Environmental Protection Agency finds itself being sued by environmental advocacy group, largely because of earthquakes in Oklahoma and the handling of wastewater through injection wells. The groups recently filed suit claiming the EPA has not adequately regulated the disposal of waste from oil and gas drilling. The lead group filing the suit was the …
Details have yet to be released but a work-place death occurred early Wednesday at the ExxonMobil plant in Beaumont, Texas. The company said it happened around 12:30 a.m.. “We regret that a contractor was fatally injured in an incident at a unit under maintenance at the Beaumont refinery,” explained Exxon in a statement. “We have …
France is considering a total ban of U.S. shale gas because of hydraulic fracking, according to a report this week by Reuters. The wire service quoted French Energy Minister Segolene Royal who has started an investigation to determine any legal way for the ban since France has banned shale gas exploration using hydraulic fracturing. She …
Oklahoma Attorney General Scott Pruitt has been joined by attorneys general from five other states in supporting the lawsuit filed by TransCanada challenging President Obama’s blocking of construction of the Keystone XL pipeline. Montana, South Dakota, Nebraska, Kansas and Texas joined Oklahoma in filing the Amicus Brief. It argues the President does not have the …
