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Oklahoma business briefs

Published: February 9, 2013


New Source debuts on NYSE

New Source Energy Partners LP began trading Friday on the New York Stock Exchange under the ticker symbol “NSLP.” The Oklahoma City-based partnership was formed by New Source Energy Corp. to own and acquire oil and natural gas properties in the United States. Its units initially were priced at $20 each, but closed Friday at $19.49.

Texas company to extend pipeline

Plains All American Pipeline LP is building a 55-mile extension to its previously announced Mississippi Lime pipeline, the Houston company announced this week. The extension is supported by a long-term commitment from an unidentified producer. The new pipeline, which is expected to be brought into service in the fourth quarter, will move up to 75,000 barrels of crude oil a day from Coldwater, Kan., to Byron in Alfalfa County. The company's existing pipeline runs from Byron to its terminal in Cushing.

Syntroleum keeps up legal fight

Syntroleum Corp. is continuing its ongoing patent fight with a Finland oil company in Singapore. Syntroleum said Friday it has sued in Singapore alleging a Neste Oil subsidiary is operating a renewable diesel refinery that violates its patent there. The companies also are fighting a patent dispute in federal court in Delaware, when Neste accused Syntroleum of infringing on one of its patents. Syntroleum has denied Neste's claims.

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