Southwestern Energy makes another multimillion-dollar deal

Southwestern Energy Co. (NYSE: SWN) will sell more assets for $218 million and use the proceeds to pay down debt.

The Houston-based company will sell conventional oil and gas assets in East Texas and the Arkoma Basin in a deal that’s expected to close in the second quarter of this year. The buyer was not disclosed. Houston-based RBC Richardson Barr advised Southwestern in the deal.

Just one day earlier, Southwestern announced a separate deal to sell assets in Pennsylvania for $500 million. At…

Shareholders approve merger of Houston energy companies

About 98 percent of participating C&J Energy Services Inc. (NYSE: CJES) shareholders on March 20 approved the proposed merger with Nabors Industries Ltd. (NYSE: NBR) that is expected to close next week.

The roughly $1.4 billion deal involves Houston-based C&J acquiring the production and completion businesses of Bahamas-based Nabors, which has its operational headquarters in Houston.

C&J Chairman and CEO Josh Comstock praised the shareholder votes.

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Houston energy MLP files for IPO

Houston-based Black Stone Minerals Company LP said March 20 it has filed a registration statement for an initial public offering of a master limited partnership.

Black Stone would contribute its mineral and royalty and working interests to the MLP, Black Stone Minerals LP. The company says its interests include approximately 16.7 million gross acres in 41 states and throughout every major producing basin.

The number of common units to be offered and the price range has not yet been determined,…

Striking workers stage protest at Tesoro refinery in California

More than 200 people protested outside a Tesoro Corp. refinery in Martinez, Calif., in support of workers who have been on strike since Feb. 1.

Although the United Steelworkers reached a deal last Thursday with oil giant Shell for the labor contract on a national level, “local issues” remain a stumbling block at three refineries owned by Tesoro in California and Washington.

The San Antonio-based refining company reports that progress has been made with the local chapters and that the company remains…

Buckle up: Tesla will have more test drive events in Texas

Tesla Motors has won another battle in its war against Texas franchise dealership laws.

The California-car maker has found a work-around that allows it to host more special test drive events for Tesla owners and prospective customers, so long as Tesla (Nasdaq: TSLA) gets the proper permitting.

These events allow people to take the Tesla Model S cars for a spin on the test track. Such test drives are typically not allowed.

On Friday, Tesla’s Double Black Dual Motor tour took over the NYLO South…