NGL Energy proposes merger
TULSA — NGL Energy Partners LP is looking to combine operations with its latest acquisition. CEO Michael Kimbrill sent a letter Thursday to the conflicts committee of TransMontaigne GP LLC’s board proposing a unit-for-unit exchange that would allow NGL Energy to acquire all outstanding units of TransMontaigne Partners LP. NGL Energy recently completed its acquisition of Denver-based TransMontaigne Inc. and related assets for nearly $550 million. Kimbrill said the merger would provide substantial value with minimal risk.
Energy Week TV to air on OETA
Platts Energy Week TV will begin airing in Oklahoma on Sunday, when host Bill Loveless will talk with Oklahoma’s Secretary of Energy and Environment about the state’s energy outlook. OETA is the 17th PBS market to carry Platts Energy Week, an all-energy news and analysis program that will air at 8 p.m. every Sunday. “We’re pleased to mark the show’s debut in this important energy hub with insights on a hot-button industry issue — fracking — from Oklahoma’s top energy official,” said Loveless, a veteran energy journalist.
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