Kansas City-based Tortoise Midstream Energy Fund announced it has reached an agreement to acquire the midstream energy asset management business of Advisory Research Inc. from its parent company Piper Jaffray Companies. The Advisory Research midstream energy infrastructure team has nearly $3 billion in assets under management in both balanced and equity strategies. The transaction brings …
A national Natural Gas Storage Work Group has released a report on underground gas storage that evaluates potential vulnerabilities at gas storage operations and identifies prospective regulatory responses for consideration by state and federal agencies. Most underground gas storage facilities have safe histories of operation and allow large supplies of gas to be stored during …
Oklahoma Gov. Kevin Stitt signed a bill into law this week amending the state’s mining rules and regulations as they relate to the impact on water. Senate Bill 1080 clarifies certain Oklahoma Water Resources Board requirements as they pertain to mining. The new law focuses on mines that overlay a “sensitive sole source groundwater basin …
Filings with the U.S. Security and Exchange Commission show major acquisitions of shares by two top Chesapeake Energy officials. Chairman and CEO Robert D. Lawler and Executive Vice President and Chief Financial Officer Domenic J. Dell’Osso Junior each obtained 50,000 shares in the company. Each share had a value of $2.0199. The acquisition leaves Lawler …
Oklahoma City’s Devon Energy announced Wednesday it has sold its Canadian operations in a $2.8 billion deal with Canadian Natural Resources Limited. The company said the transaction was still subject to customary terms and conditions and is expected to close by the end of the second quarter of 2019. Proceeds will be used by Devon …
Plains All American Pipeline announced a $128 million expansion and new joint venture of its existing Red River Pipeline system that carries oil out of Cushing south into Texas. Delek Logistics Partners, LP has purchased from a Plains’ subsidiary a 33% ownership interest in a new Red River Pipeline Company LLC joint venture for $128 million. …
Two men who were fired from National Oilwell Varco L.P. in Oklahoma City because they had not disclosed previous injuries and medication have won part of their appeal of an Oklahoma City federal court ruling. The Denver Federal Appeals court has ruled partially in favor of Christopher Dunsworth and Shawn Shelton who filed suit two …
The 10th U.S. Circuit Court of Appeals has ruled against an Osage County landowner who filed suit challenging an energy company’s right to locate a pipeline on his land. The appeals court ruled against Wayne Schafer’s appeal of a ruling in his lawsuit against Centerpoint Energy Oklahoma Gas. Schafer contended the company did not have …
While concern is growing about the flood levees in Tulsa, the rainfall amounts are growing to record levels in northeast Oklahoma. Gov. Kevin Stitt planned a meeting Tuesday with the Chief Engineer of the Army Corps of Engineers to discuss the levee situation as well as the increased release of water from Keystone Lake. More …
Storm victims with insurance will be protected after a bulletin was issued by the Oklahoma Insurance Department. The bulletin directs all insurance companies to keep coverage in effect for storm victims for the next 30 days. “The effects of the severe weather and flooding have made it difficult for Oklahomans to carry out every day …