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Oklahoma business briefs for Aug. 6

Oklahoma business briefs for Aug. 6
Published: August 6, 2013


NGL Energy acquires business

NGL Energy Partners has acquired a water disposal and hauling business to boost its operations in south Texas' Eagle Ford Shale. NGL Energy acquired Oilfield Water Lines LP, a partnership with High Roller Wells and the Mark Cuban Cos., last week for about 2.5 million common units and $168 million in cash, plus net working capital. “This transaction will increase the number of SWD wells owned by the partnership in the Eagle Ford from six to 10, expanding our footprint such that we can provide disposal service to producers throughout the Eagle Ford,” said Jim Winter, NGL Energy's senior vice president of water services. “In addition, we will operate a fleet of 55 water trucks to further increase the services we can provide producers.”

State program collects millions

The Oklahoma Employment Security Commission has collected almost $13 million in unemployment benefit overpayments due to fraud or claimant error through its Wage Levy Program since its inception in 2003, the agency said Monday. The commission investigates suspected benefit overpayment cases and determines if a claimant received unemployment benefits he or she was not entitled to. The agency can place an administrative levy on the wages of the overpaid claimant.

From Staff Reports