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Natural Resource Partners to Sell Portion of Oil and Gas Mineral Rights for $47.5 Million
February 18, 2016
Natural Resource Partners L.P. (NRP) has signed a definitive agreement to sell a portion of its oil and gas mineral rights and has closed a transaction to sell certain of its aggregates mineral rights for combined proceeds of $47.5 million
DTE Energy Responds to Governor Snyder’s Order to Suspend Work on State’s Clean Power Plan, Michigan
February 18, 2016
DTE Energy Chairman and CEO Gerry Anderson has responded to Governor Snyder’s order to suspend work on the state’s plan to comply with the Clean Power Plan. “Developing national energy policy is a complex process with a diversity of views
CHS Completes Crude Oil Refinery at McPherson, Kansas
February 18, 2016
Member-owners of CHS Inc. are now benefiting from the recently completed coker at the company’s central Kansas refinery. Construction of the coker unit at the CHS Refinery at McPherson began in March 2013 and took nearly 2.8 million construction man
Mercuria Energy Acquires Rocky Mountain Crude Business Unit from Enterprise Crude Oil
February 18, 2016
Mercuria Energy has acquired a Rocky Mountain crude supply and marketing business from Enterprise Crude Oil LLC, an affiliate of Enterprise Products Partners L.P. Mercuria acquired a marketing team and assets in Wyoming, North Dakota, Colorado and Montana. With the
Michigan-based Grand Transformers Acquires Warner Power
February 18, 2016
Grand Transformers (GTI), a Grand Haven, Mich.-based designer and manufacturer of transformers, inductors and custom magnetic components serving the motor drives, elevator, power quality, instrumentation, energy, machine tool, and oil and gas industries, today announced it has acquired Warner, N.H.-based
PSEG Power Connecticut to Begin Construction of $550 Million Gas-fired Plant
February 18, 2016
PSEG Power Connecticut has cleared 485 MWs of Installed Summer Capacity from a new gas-fired combined-cycle power plant in the ISO-New England Forward Capacity Auction. PSEG Power Connecticut expects to begin construction of the clean, natural gas-fired plant in 2017.
Tiger Capital Group and Liquidity Services Launch Partnership Focused on Oil and Gas Sector
February 18, 2016
Tiger Capital Group and Liquidity Services have launched a partnership geared toward helping insolvency and turnaround professionals ramp up their services to the turbulent oil and gas market, as well as directly assist companies seeking to sell surplus assets. As
FirstEnergy’s Pennsylvania Utilities Receive Approval for $245M Infrastructure Improvement Plans
February 18, 2016
FirstEnergy Corp. subsidiaries Pennsylvania Power Company (Penn Power), West Penn Power Company (West Penn Power), Metropolitan Edison Company (Met-Ed) and Pennsylvania Electric Company (Penelec) have received approval from the Pennsylvania Public Utility Commission (PPUC) for long term infrastructure improvement plans
Blackhill Partners Completes Restructuring of TransCoastal Corporation
February 18, 2016
Blackhill Partners has completed a restructuring for TransCoastal Corporation, including guiding the company through a pre-packaged bankruptcy in 36 days. TransCoastal, a Dallas-based independent oil and gas company focused on the acquisition of producing oil and gas properties, retained Blackhill
Flotek Report: Effectiveness of CnF on Improving Horizontal Well Performance
February 18, 2016
Flotek Industries, Inc. has released a study regarding the effectiveness of the company’s suite of Complex nano-Fluid® completion chemistries (CnF®) in the Denver Julesburg Basin (D-J Basin) by MHA Petroleum Consultants, LLC. MHA was retained by the special technical committee
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