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SemGroup Acquires Strategic Oil Terminal in Houston #OilmanNEWS 2017 July-August Oklahoma 

SemGroup Acquires Strategic Oil Terminal in Houston

On June 6, Tulsa, Oklahoma-based SemGroup Corporation announced that it had entered an agreement to acquire Houston Fuel Oil Terminal Company (HFOTCO). The move diversifies SemGroup’s overall business offerings, and it gives the firm a foothold in the Houston Ship Channel, a well-established and strategic location for the transportation of oil and gas. SemGroup will be purchasing HFOTCO, one of the largest U.S.... Read More
Newfield Looks to Recycling to Boost Cost-Efficiency #OilmanNEWS 2017-May-June Oklahoma 

Newfield Looks to Recycling to Boost Cost-Efficiency

As companies seek to maximize efficiency in this unfavorable economic environment, they employ new technologies which enable them to re-use certain resources in a cost-effective manner. Whether it be through software, hardware, or new refinery or recycling facilities equipped with state of the art technologies, companies are increasingly looking to new means to gain a competitive edge. According to a... Read More
Mammoth Energy Acquires Three Oil Companies #OilmanNEWS 2017-May-June Oklahoma 

Mammoth Energy Acquires Three Oil Companies

Mammoth Energy Services, Inc., announced on March 21st that it is purchasing three oilfield services companies in an effort to further its offerings in the industry. “The pending acquisitions of Taylor Frac, Stingray Energy Services and Stingray Cementing represent a natural step for Mammoth to continue to expand its integrated service offering,” stated the Oklahoma-based company’s CEO Arty Straehla. Mammoth... Read More
Williams Reports Impressive Fourth Quarter Performance #OilmanNEWS 2017 March-April Oklahoma 

Williams Reports Impressive Fourth Quarter Performance

On Feb. 15, The Williams Companies, Inc. released its fourth quarter and total year performance for 2016. The Tulsa, Okla.-based company reported an unaudited net loss of $15 million for 4Q16, a $700 million improvement from a 4Q15 net loss of $715 million. For the entire year, Williams reported an unaudited net loss of $424 million, a $147 million improvement... Read More
MPLX Purchases Ozark Pipeline for $220 Million #OilmanNEWS 2017 March-April Oklahoma 

MPLX Purchases Ozark Pipeline for $220 Million

Findlay, Ohio-based MPLX LP announced on Feb. 13 that it agreed to purchase the Ozark Pipeline from Enbridge Pipelines, LLC. MPLX is a limited partnership that was formed by Marathon Petroleum Corp. in 2012 with a focus on acquiring and developing midstream energy infrastructure assets. The firm agreed to pay Enbridge $220 million for the 433-mile pipeline. The Ozark pipeline... Read More
Tulsa Company Agrees to Pay Fine to Settle EPA Charges #OilmanNEWS 2017 March-April Oklahoma 

Tulsa Company Agrees to Pay Fine to Settle EPA Charges

By Tim McNally Tulsa, Okla.-based Magellan Pipeline Company L.P. has agreed to pay a fine of $2 million, in addition to $16 million for recovery purposes, to the Environmental Protection Agency (EPA) to settle accusations that it violated federal pollution policies. The company has been under fire because it ignored certain regulations outlined in the Clean Water Act. The firm’s... Read More
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