11 June 2009
Hydraulic fracturing is a necessary part of Oklahoma’s crude oil and natural gas industry, and federal attempts to add new restrictions to the technological process will have devastating effects on the state’s economy, said Oklahoma Independent Petroleum Association Chairman Mike McDonald. U.S. Reps. Diana DeGette, D-Colo., Maurice Hinchey D-N.Y., and Jared Polis D-Colo., along with [...]
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11 June 2009
Dollar Thrifty Automotive Group Inc.’s credit exposure to Chrysler LLC, has declined significantly due to payments received since the commencement of the Chrysler bankruptcy proceeding and successful asset sale. Dollar Thrifty confirmed it does not have any material exposure to General Motors. As previously announced, the Dollar Thrifty primary credit exposure to Chrysler relates to [...]
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09 June 2009
NuStar Energy leases three facilities from SemGroup Energy Partners LP. The facilities are in Saginaw, Texas; Gloucester City, N.J., and Newport News, Va., and will contribute an additional 1.5 million barrels of storage capacity to the company’s asphalt operations. Financial details were not released. “We’re excited to reach this agreement with SemGroup as it will [...]
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08 June 2009
Saint Francis Health System and St. John Health System, along with Air Methods, Inc., announce a new arrangement for the provision of Tulsa Life Flight services beginning this month. The new agreement allows Tulsa Life Flight to expand its services in eastern Oklahoma by implementing a community-based model for operations compared to the hospital-based operation [...]
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05 June 2009
The $80 million Village on Main will be the “front door” to Jenks. The 13-acre “smart growth” development will feature residences, retail, restaurants and 120,000 SF of professional office space. First to be constructed will the a 22,000 SF Hillcrest Utica Park Clinic health care facility. Construction of the two-story medical facility is expected to [...]
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05 June 2009
The Ignacio Gas Processing plant remains shut down while repairs continue. The cause of the rupture is under investigation. Williams Partners’ management expects repairs to be completed at Ignacio and the plant returned to service early next week. The plant, operated by Williams Partners LP, provided an update on the status of the Ignacio Gas [...]
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04 June 2009
Holly Corp. intends to commence an offering of $200 million principal amount of senior unsecured notes due 2017. Holly intends to use the net proceeds from the offering to make post-closing inventory payments expected to be between $90 and $100 million in connection with its acquisition of the Tulsa Refinery on June 1 from Sunoco. [...]
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04 June 2009
Kum & Go offers area customers the chance to win more than $100,000 this summer to celebrate its 50th anniversary. As part of its “Summer of ‘59” promotion, Kum & Go will award 59 lucky winners a $1,000 Kum & Go gift card and one lucky winner will win the grand prize of $50,000. In-store [...]
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04 June 2009
Dollar Thrifty Automotive Group Inc. announced the sale of the Dollar Rent A Car and Thrifty Car Rental franchises in Knoxville, Tenn., and the sale of the Thrifty Car Rental franchise in Omaha — including in-terminal airport operations at the McGhee Tyson Airport (Knoxville) and Eppley Airfield (Omaha) — converting both to franchise operations from [...]
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04 June 2009
Holly Energy Partners and Holly Corp. purchase the newly constructed 16-inch pipeline connecting Holly’s refining facilities in Lovington, N.M. to Holly’s refining facilities in Artesia, N.M., for $34.2 million. Holly Energy expects this pipeline acquisition will result in approximately $6.6 million of incremental annual revenue. The acquisition, paid in cash, was financed through HEP’s revolving [...]
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