Archives for October 2016
Phillips 66 moves $1.3 billion in assets to its MLP
The move is Phillips 66 Partners’ biggest acquisition to date as Houston-based Phillips 66 aims to expand its MLP and attract more investors. MLPs are publicly traded entities that do not pay corporate income taxes...
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Texas couple sue Talisman Energy over Eagle Ford production volumes
Oil and gas royalty owners with interests in the Texas Eagle Ford Shale have sued Talisman Energy USA, alleging the energy company manipulated oil and gas production volumes by as much as 30 percent and...
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Frank’s International scoops up Blackhawk for $321 million
Frank’s International, which operates out of Houston but is formally domiciled in the Netherlands in part for tax purposes, is buying Blackhawk from Bain Capital Private Equity. The deal is expected to close by the...
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Entergy proposes nearly $1 billion power plant in Montgomery County
The proposed Montgomery County Power Station is a combined-cycle gas plant that would help serve Entergy’s 434,000 customers in 27 southeastern Texas counties that primarily sit to the north and east of Houston. The Entergy...
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Market Currents: Rising Iraqi oil exports to U.S.
Good day! With Nonfarm Friday now behind us, we can look forward to a week of oil-specific monthly releases from IEA (tomorrow), OPEC (Wednesday) and EIA (Thursday). As the spotlight swings onto another meeting of...
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