A Kansas City area pipeline firm, Tallgrass Energy Partners, LP announced two strategic acquisitions totalling nearly $50 million by its Tallgrass terminals that will eventually mean more oil flowing into one of its northern Oklahoma refineries. Tallgrass Terminals LLC is buying 51 percent membership interest in the Pawnee, Colorado crude oil terminal from Zenith …
Houston-based Stallion Oilfield Services Ltd. has wrapped up its acquisition of nearly all of the assets of Basin Wastewater Solutions LLC, a firm based in Carlsbad, New Mexico. Basin is a leading provider of rig site potable water and wastewater recycling services in the entirety of the Permian Basin. Stallion indicated the purchase allows …
Former longtime SBC executive Dave Lopez, the current Secretary of State for Oklahoma has picked up another title as he serves on Governor Mary Fallin’s cabinet. She announced this week that Lopez will also serve as secretary of education and workforce development. While appointment still must receive confirmation by the State Senate, Lopez will begin …
The drought is slowly making a tighter grip on the state with the latest report from the federal government Drought Monitor indicating the entire state has abnormally dry conditions. The Oklahoma Mesonet shows 76% of Oklahoma is in a moderate drought while 28% is under what’s classified as a severe drought. “This all culminates …
Issues facing the oil and gas industry in Oklahoma will be explored next week when Leadership Oklahoma, Class 31 will spend a few days in Oklahoma City. The approximately 50 members of the class will visit the city Jan. 11-13 learning more about state government but will also explore issues facing the state’s oil and …
The Oklahoma Corporation Commission will get down to business on Thursday morning as the regulatory agency is expected to hear five motions from the state’s top legal eagle. Oklahoma Attorney General Mike Hunter is seeking a rate reduction from several utility companies including Public Service Company of Oklahoma, Oklahoma Natural Gas, Oklahoma Gas & Electric, …
Three members of the Nuclear Regulatory Commission’s Advisory Committee on Reactor Safeguards (ACRS) were recently elected to leadership roles, according to a press release issued on Tuesday. Michael Corradini will serve as Chairman. Dr. Corradini is a professor in the Nuclear Engineering and Engineering Physics program at the University of Wisconsin. He is also the …
For the second time in two weeks, a strong earthquake has rattled the northwest Oklahoma area around the Logan County town of Marshall. The late Tuesday morning earthquake measured 3.5 magnitude and had an epicenter about two and a half miles southwest of the town which would put it in Kingfisher County. The depth was …
Tulsa-based NGL Energy Partners LP announced this week it has completed part of its deleveraging plan using the $300 million in proceeds received from the sale of its 50% interest in Glass Mountain Pipeline LLC. The resulting debt reduction includes a prepayment in full of all its 6.65% senior secured notes due June 19, 2022. The …
All is not good in the oil patch for some firms such as Dallas based EXCO Resources. It has been delisted from trading at the New York Stock Exchange. Known for its oil and gas exploration in the Eagle Ford Shale, EXCO has started trading on the OTC Pink Marketplace. The New York Stock Exchange …
