A more than $1 billion deal has been finalized between Dallas-based Energy Transfer Equity and Energy Transfer Partners L.P. and USA Compression Partners LP of Austin, Texas. USAC is known as one of the nation’s largest independent providers of compression services and paid $1.232 billion in cash for Energy Transfer’s CDM compression business. The final …
An investigation is underway after an explosion and fire injured two workers on a pulling unit over a well site near Wewoka on Monday. The fire burned much of the rig and the two workers were rushed to local hospitals. One was medi-flighted, according to the Seminole County sheriff’s office. The unit was at a …
Monday saw an extension of a drop in oil prices as they slipped by at least 3 percent in trading. Why? Experts say geopolitical concerns that were behind last week’s rally faded. West Texas Intermediate crude ended the day down $2.09 or 3 percent at $62.85 a barrel for May futures on the New York …
A legal fight between two energy companies over trade secrets has led to a Texas Supreme Court denial of a request from Terra Energy Partners LLC to force the defendant to reveal which trade secrets were allegedly stolen. The case stems from a 2016 lawsuit by Sanchez Oil and Gas Corporation which accused Terra Energy …
Gasoline and diesel fuel prices climbed again in Oklahoma in the past week with gasoline increasing 2 cents a gallon reaching a statewide average of $2.42 a gallon. The increases are part of a nationwide movement seen as marketers continue to get rid of winter-blend gasoline to make room for summer storage. AAA Oklahoma reports …
While an estimated 30,000 teachers walked out of the classroom on Monday and gathered at the state capitol, one legislator was blaming the wind industry for some of the funding problems in education. The charge came from Rep. Bobby Cleveland, a Republican whose district 20 in the State House includes Cleveland, garvin, McClain and Pottawatomie …
The February Mid-America Business Conditions Index released Monday by Creighton University showed continued improvements in Oklahoma. Economist Ernie Goss said Oklahoma’s index has remained above the 50.0 threshold for the last seven months, thanks to increased oil prices. He said the overall index from a monthly survey of supply managers improved to 60.5 from January’s …
As development of the Permian Basin mushrooms, the search for water and the protection of existing sources is becoming critical. Water levels in the Ogallala Aquifer have already dropped in the past several years. With fears that it will plunge if exploration expands, many operations have switched the source of their fracking fluid from …
Tulsa’s NGL Energy Partners LP is selling part of its Retail Propane business in a $200 million deal. NGL announced Monday it will sell a portion of the business to DCC LPG. The sale was announced last fall and was closed on March 30 of this year. At the same time, NGL said its partnership …
Turns out Oklahomans didn’t have to worry about falling space debris this past weekend. China’s Tiangong-1 met a Sunday night fiery end over the South Pacific Ocean and scientists say only about 10 percent actually crash-landed on earth. Astrophysicist Brad Tuckers told Reuters, most of the out-of-control space station, China’s first, was destroyed during re-entry. …