Energy Transfer Equity’s failed 2015 merger with The Williams Cos. in Tulsa has come back to bite the Dallas-based company in the back. A lawsuit filed in April 2016 by Kessler Topaz on behalf of common unitholders of ETE is set to go to trial in Delaware. It is scheduled in February of 2018. The …
Tulsa-based Empire Petroleum Corporation gets a new Chief Executive Officer. Long-time leading energy investment banker Thomas “Tommy” Pritchard was named CEO this month. At the same time, the company announced its purchase of nearly 14,000 gross developed and undeveloped acres and 70 producing wells in North Louisiana. The wells produce about 500 gross barrels of …
Pipeline and storage operator Tallgrass Energy Partners, LP based in Leawood, Kansas announced this week that Oklahoma City-based Continental Resources, Inc. exercised its contractual right to extend its agreement with the company. The agreement pertains to Continental’s shipment of crude with the Belle Fourche Pipeline Company and TEP’s subsidiary, Tallgrass Pony Express Pipeline, LLC. The …
With West Texas Intermediate prices climbing above the $60 mark this week, it was due to a pipeline that exploded in Libya. As a result of the explosion, a large part of supply was knocked offline. The rise above $60 a barrel was the first time in two and a half years that WTC hit …
A $30 million settlement offer is being made by Oklahoma City-based Chesapeake Energy to landowners in federal lawsuits in Pennsylvania. The lawsuits were filed in a fight over gas-royalty payments. Despite the settlement, Pennsylvania Attorney General Josh Shaprio says it really depends on bringing an end to a separate lawsuit against the Oklahoma company according …
The hottest oil play in the U.S.—-the Permian Basin in West Texas and southeast New Mexico is facing a shortage. Oil and gas companies can’t find enough truck drivers who haul off the giant finds of oil. Some say another 3,000 drivers are needed to combine with the 3,000 already there according to a report …
While TransCanada is debating whether to call off the controversial Keystone XL pipeline or proceed with it, opponents are growing in their organized efforts. Bold Nebraska is one such group. Founded in 2010, it now says TransCanada faces three years or more of court challenges to the recent ruling by the Nebraska Public Service Commission …
The recent decision by the Nebraska Public Service Commission to turn aside a request by the developer of the proposed Keystone XL pipeline leaves the issue in limbo…..and perhaps the pipeline too. TransCanada now says it wants to reconsider whether it might proceed with the $8 billion project or cancel it, according to a report …
The city of Sapulpa is getting a $1.5 million grant from the federal government to improve its water system. U.S. Secretary of Commerce Wilbur Ross said the Department’s Economic Development Administration awarded the money to make critical water infrastructure improvements needed to support business development and expansion in the region. In making the announcement, the …
Tulsa’s NGL Energy Partners LLP announced Tuesday it has wrapped up the $300 million sale of its 50% interest in the Glass Mountain Pipeline LLC. SemGroup Corporation and NGL had been in partnership in ownership of the 215-mile intrastate line. The purchase was made by a fund managed by BlackRock Real Assets in partnership …