Third Coast Midstream, LLC announced that a subsidiary has completed the sale of its Cushing, OK crude oil storage business “AMID Crude Oil Storage” to HCS Holdings, LLC, an affiliate of Hartree Partners, LP. AMID Crude Oil Storage consists of five crude oil storage tanks with approximately 3.0 MMBbls of storage capacity. “Third Coast Midstream …
Oklahoma City-based Devon Energy Corp. has completed the sale of its assets in the Barnett Shale of North Texas to Banpu Kalnin Ventures. Devon received a cash payment of $320 million from BKV at closing, after adjusting for a $170 million deposit received in April and purchase-price adjustments that, among other things, allocate revenues …
Shareholders of Noble Energy, Inc have voted to support the pending merger of the company with Chevron Corporation. Their vote took place in a special meeting on Friday and the two companies expect to close the merger in the fourth quarter of 2020. “We are pleased that Noble Energy shareholders resoundingly support the …
Friday’s stock closing proved to be a gain for some Oklahoma energy firms while others suffered negative reports. But the question will be on Monday is whether those firms that made gains will see more as trading gets underway. Alliance Resource Partners went up 9 cents for a 3.25% gain to $2.86 per share. …
SUBSCRIBE Saturday, October 3, 2020 Print Edition Environmentalists’ “hopes and dreams are about to be crushed” if they think the court-ordered removal of the Bureau of Land Management’s chief will invalidate his actions, U.S. Secretary of the Interior David L. Bernhardt said on Friday. On Sept. 25, a federal district judge in Montana found that William Perry …
The latest rig reports from Baker Hughes Co. shows Oklahoma was unchanged with 12 active rigs in the past week, but nationally, there was an increase of 5 to 266 as the coronavirus continued to have a stranglehold on the oil and gas industry. A year ago, Oklahoma had 63 active rigs, but the …
The amount of stored crude in the U.S. is at its lowest point since April, but at the large oil storage facilities at Cushing, Oklahoma, the trend is moving upward, not downward. The U.S. Energy Information Administration’s Weekly Petroleum Status Report showed the nation experienced a decline of 2 million barrels of petroleum last week. …
Nuclear waste shipments to the Waste Isolation Pilot Plant near Carlsbad from Lawrence Livermore National Laboratory (LLNL) near San Francisco, California resumed this month after a 10-year pause. The waste was received at WIPP and will be permanently disposed of in the underground repository about 2,000 feet beneath the surface reported the Carlsbad Current-Argus. …
Kansas Gov. Laura Kelly touted job creation, opportunities to expand wind farming and potential savings for ratepayers with construction of an electric transmission line to move power from western Kansas to consumers in Missouri, Illinois and Indiana. She joined transmission developer Invenergy this week in Topeka to outline benefits of Grain Belt Express, which is …
** U.S. President Donald Trump on Wednesday ordered his Cabinet secretaries to look into the country’s reliance on rare earths in his latest bid to end China’s dominance of the industry. The move could lead to tariffs, quotas or other possible import restrictions, according to an executive order released on Wednesday. ** Exxon, the largest oil company …