Oil and gas rig count rises by twenty five
Houston based Baker Hughes Inc reports the U S rig count for oil and gas climbed by 25 last week to 1201. Of the total 1031 gas rigs, 168 oil rigs and two miscellaneous. Texas gained eight rigs, Wyoming five, Louisiana three, Alaska and Oklahoma two each, California one, New Mexico unchanged. The count traces back to 1944 with a peak of 4530 in 1981 and lows in 1999.
MENTIONED IN THIS ARTICLE
Houston
United States
Baker Hughes Inc
Baker Hughes
Texas
Wyoming
Louisiana
Alaska
Oklahoma
California
New Mexico
Alabama
Florida
New York
North Carolina
North Dakota
South Dakota
South Central
Middle
Upper
Lower
Northeast
Far N.E
N. Central
Central
Far West
West Tx
North Tx
Tx Panhandle
Washington State
West Virginia
Buckeye to buy Shell Midwest pipelines and terminals
Buckeye Partners agreed to acquire five pipelines and 25 terminals in the Midwest from Shell Oil Co for 530 million dollars. The deal supports Shell’s plan to streamline operations and boost efficiency and financial performance. Magellan Midstream Partners agreed to buy related assets for 492 million dollars.
MENTIONED IN THIS ARTICLE
Emmaus
Buckeye Partners
U.S
Midwest
Shell Oil Co
Shell
Magellan Midstream Partners
Magellan
Tulsa, Okla
Williams Energy Partners LP
Odessa
Crude futures dip before holiday amid light trading volume
Crude oil futures edged lower in a holiday shortened session as traders booked profits from a two day rally. Nymex August crude settled down 35 cents at 38.39 a barrel after trading between 38.26 and 39.05. Brent August eased 15 cents to 35.92. Gasoline rose 1.88 cents to 1.2444 a gallon while heating oil fell 0.76 cent to 1.0727.
MENTIONED IN THIS ARTICLE
Thor Adoe
Uni
Cacnashaeaee Eee
New York
Dow Jones/ AP
New York Mercantile
Nymex
London
International Petroleum Exchange
Fimat Futures Inc
Mike Fitzpatrick
OPEC
Moscow
OAO Yukos
Jim Ritterbusch
Ritterbusch & Associates
Ritterbusch
Longhorn Pays Holly $27 Million Settlement
Holly Corp reports a $27.2 million payment from Longhorn Partners Pipeline under a settlement ending a long legal feud begun in 1998 over a proposed 700 mile intrastate Gulf Coast to El Paso pipeline.
MENTIONED IN THIS ARTICLE
Holly Corp
Longhorn Partners Pipeline
Longhorn Partners
Texas Gulf Coast
el Paso
BP May Move Unit to Houston for 500 Jobs
BP may relocate its chemical operations to Houston, potentially delivering up to 500 jobs. Houston is among two cities under review for the petrochemical unit’s headquarters as BP plans a spin off via an IPO in the second half of next year. The Naperville, Illinois headquarters would be affected as a separate BP division consolidates.
MENTIONED IN THIS ARTICLE
Houston
British Petroleum
Chicago
Naperville
Motiva to Expand Port Arthur Base Oil Plant Progress
Motiva Enterprises plans a third hydroprocessing unit at its Port Arthur refinery to upgrade heavy gas oil into high quality base oil. Construction starts in Q3 with completion expected January 2006. Motiva is owned by a Shell affiliate and Saudi Refining.
MENTIONED IN THIS ARTICLE
Motiva Enterprises
Port Arthur
Motiva
Shell Oil Co
Saudi Refining Inc
Yukos Faces Asset Freeze as Tax Bill Looms
A Moscow court froze Yukos assets preventing asset sales to cover a $3.4 billion tax claim. Bailiffs ordered payment within five days and NK Yukos accounts were frozen, threatening production and risking a collapse of Russia’s largest oil producer with about 1.72 million barrels daily and over 100000 employees. Analysts say state actions could fragment the company, with exCEO Khodorkovsky urged to relinquish control.
MENTIONED IN THIS ARTICLE
Moscow
Yukos
Paul Collison
Brunswick
UBS
NK Yukos
Russia
Vladimir Putin
Mikhail Khodorkovsky
Menatep
State veterans home in Big Spring gets new management
Senior Dimensions Inc. a for profit unit of Sears Methodist Retirement System took over management of the Laman Lusk Sanchez Texas State Veterans Home in Big Spring on Thursday. The 160 bed facility employs 143 staff and has a $3.1 million payroll.
MENTIONED IN THIS ARTICLE
Big Spring
Senior Dimensions Inc
Sears Methodist Retirement System Inc
Care Inns of Texas of
San Antonio
Laman-Lusk-Sanchez
Texas State Veterans Home
John Irons
Also Mentioned on This Page
Ind
Samate Nacics
Lea
N.M
Stonewall
Lincoln
Luna
Torrence
Anna
N.M. McCullough
Val Verde
Mora
N.M. Nolan
Baker-Hughes Tool
American Petroleum Institute
Shell Lines
Big Count
McCreless Company
N. Grant
U.S. Armed Forces
Werw.mcorelesscompany.com
Second St
Nwpl
Quadra
Laney Acay A
S. Grimes
Hobbs
Bulldoghobbs
Men
Longhorn
Holly
State Veterans Home
Sears Methodist
Abilene
Irons
Motia
Mobile Analytieries, Inc
VRU
Oxygen
North Golder Odessa
Iithia.com
N.C.R. West Odessa
Dueline
Robroy
Duelime
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