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...
Oklahoma
Tulsa Company Agrees to Pay Fine to Settle EPA Charges
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...
Panhandle Oil and Gas Sees 4Q16 Uptick After ‘Difficult Year’
Oklahoma City-based Panhandle Oil and Gas Inc. in December 2016 reported a 4Q16 profit — a small gain in what President and CEO Michael Coffman...
Oklahoma Oil and Gas Industry Sees ‘Slow but Steady Improvement’
Oklahoma State Treasurer Ken Miller in December said that the state’s oil and gas industry is making “slow but steady improvement.” Miller said that, for...
Oklahoma AG Nominated as Director of EPA
President-elect Trump’s nominee for Director of the Environmental Protection Agency, Oklahoma Attorney General Scott Pruitt, has been met with praise and criticism from members of...
Oklahoma Ranks Top Among Regions for Oil and Gas Investment
The Fraser Institute, an independent, Vancouver-based think tank, on Dec. 6 released its 2016 Global Petroleum Survey. The survey is the institute’s 10th annual edition...
Newfield CEO Says Oil Price Needs to Rise More Before Production Increase
Lee Boothby, CEO of Newfield Exploration Co., thinks that oil prices need to be higher for production levels to increase significantly. “People that are following...
Oklahoma Governor Receives Criticism for Day of Prayer
Oklahoma is one of many states that rely on the oil industry to support their economy. The continuing downturn prompted Governor Mary Fallin to announce...
GE’s First Industry-focused R&D Center Unveiled in Oklahoma City
GE recently unveiled its Oil and Gas R&D Center in Oklahoma City, Okla. The 125,000 square foot facility will be used for creating new technologies...
Continental Resources Sells Non-Strategic Assets
Many oil-related companies have been in the process of selling off certain assets to stay solvent in the current economic environment. One such company, Continental...