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Linn, Quantum Energy tie up to buy oil and gas assets

Private equity firm Quantum Energy Partners will invest up to $1 billion in a new entity for acquisition and development of oil and gas assets that will be managed by Linn Energy LLC. Linn will be able to take a 15-50 percent direct working interest in the acquired assets, the two companies said in a joint statement on Monday. Linn’s ...

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House Bill 40 leaves many up in arms

Texas House

House Bill 40, which limits Texas cities and their ability to regulate oil and gas development, was the main topic of discussion in Austin on Monday between state leaders and the Energy Resources Committee. In attendance were more than 100 people who signed up to testify against the bill, many of which were from Denton, Texas, a city which banned ...

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Jury: Schlumberger should allow veteran’s service dog

Hero Dogs Rosie

A jury ruled Monday that Schlumberger should have allowed its employee, a U.S. Marine Corps veteran, to bring his golden retriever-pit bull mix to work. Juan Alonzo-Miranda requested he be allowed to bring his dog, Goldie, to work May 8, 2012. Although the company gave him permission Dec. 3, 2012, they wouldn’t let him go through the front door, said ...

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ET energy summit set for Monday

Tickets are still available for the 2015 Tyler Area Energy Summit, scheduled for 11 a.m. to 1:30 p.m. on Monday, March 30, at the Ornelas Activity Center at the University of Texas at Tyler. “We’ve sold about 75 percent of the available tickets,” Jenni Wilson, membership services administrator for the chamber, said. “We have about 100 left, which we’re selling ...

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Train cars hauling methanol derail in central Texas

oil tank cars

VALLEY MILLS, Texas — Texas authorities say a dozen train cars have derailed near Valley Mills, including five tanker cars carrying methanol. Department of Public Safety spokesman Trooper D.L. Wilson says no injuries or fires have been reported from the Saturday evening accident. He says one or two of the methanol-hauling tanks have small leaks. Wilson says about 10 nearby ...

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Texas Republican Sen. Ted Cruz launches presidential bid

WASHINGTON – Sen. Ted Cruz of Texas is running for president, he announced on Twitter. The ambitious lawmaker’s intentions were no surprise. An aide had confirmed Sunday that Cruz would announce his 2016 White House run on Monday at Liberty University, the conservative university founded by the Rev. Jerry Falwell. Cruz tipped his hand even earlier. Shortly after midnight Sunday, ...

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Transocean is taking a hit amid oil glut

Firm reports in recent months have asserted that the offshore industry would be less susceptible to the effects of the global oil glut. Transocean would likely refute that. That company has announced that it will be dismantling four of its rigs and stacking just as many. The four rigs which are set to be dismantled will be sold for scrap, ...

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