Energy Transfer to acquire interests in PennTex Midstream
Energy Transfer Partners LP agreed to acquire certain interests in Houston-based PennTex Midstream Partners LP for about $640 million. Energy Transfer will own 100 percent of PennTex’s general partner, with all of its incentive distribution...
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Market Currents: Libyan oil exports on the rise
Oil is looking fairly subdued today amid a stronger dollar, and ahead of a likely build to inventories from tomorrow’s weekly EIA report. Hark, before that, here are five things to consider in oil and...
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Valero’s profit falls by more than half in third quarter
By Rye Druzin, San Antonio Express-News Valero Energy Corp.’s third quarter earnings slid 56 percent, but still beat analysts’ projections as oil prices started to stabilize. Valero Chief Executive Officer Joe Gorder called the third-quarter a...
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Houston’s Key Energy files for bankruptcy
The Houston-based oil company Key Energy Services filed for chapter 11 protection on Monday after working for months to nail down a bankruptcy plan its creditors would support. Key said in the filing it had...
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Market Currents: Venezuelan struggles seen in their oil exports
Another week kicks off with oil under the influence of OPEC and producer rhetoric. As prices totter around psychological support at $50/bbl, hark, here are five things to consider in oil markets today: 1) Venezuelan...
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