Chesapeake Utilities Corporation recently announced the completion of the acquisition of Florida City Gas, which is now a wholly-owned subsidiary of the company. This transaction represents an expansion of Chesapeake Utilities' footprint in the dynamic and high-growth market of Florida, encompassing five of the top 10 most populous counties. By more than doubling Chesapeake Utilities' customer base and natural gas infrastructure in the state, the company is positioned for substantial future growth.

Dallas (Nov. 16, 2023) — Energy Transfer LP has entered into a non-binding Heads of Agreement (HOA) with TotalEnergies related to term crude oil offtake from its proposed Blue Marlin Offshore Port for 4 million barrels per month. The HOA is subject to the negotiation and execution of definitive agreements and the satisfaction of other conditions, including Energy Transfer taking a final investment decision.

The Baker Hughes United States rig count is up three from last week to 625 with oil rigs up five to 505, gas rigs down one to 116 and miscellaneous rigs down one to four.

The U.S. rig count is down 159 rigs from last year's count of 784 with oil rigs down 122, gas rigs down 39 and miscellaneous up two.

The U.S. offshore rig count is unchanged at 21, up three year-over-year.

Baker Hughes Canada Rig Count Down 5 to 192

The Canada rig count is down five from last week to 192, with oil rigs down two to 122, and gas rigs down three to 70.

New Braunfels, Texas (Nov. 13, 2023) — Mopeka, a provider of sonar tank monitoring solutions, unveiled an innovative addition to its communication protocols. This enhancement involves the integration of Globalstar's satellite connectivity to extend the capability of Mopeka's existing suite of options, which includes Bluetooth, WiFi and Global 4G LTE networks. This expansion empowers Mopeka's clientele with a cost-effective and highly reliable means of connecting to their sensors, regardless of their location anywhere in the world.

 

Propane fuel can help businesses cut costs and promote practices that are beneficial to the environment — fleet contractor Snyder Bus Lines is proof of that. The local business provides three Pennsylvania school districts with cost-efficient, environmentally-friendly propane school buses.

Dead River Company has acquired Roby's Propane Gas.Cetane Associates (“Cetane”) has announced that Dead River Company has acquired Roby’s Propane Gas, a propane and distillates delivery business headquartered in West Wareham, Massachusetts. The transaction was completed on November 14, 2023.

During the latest mid-month period, prices at Mont Belvieu, Texas, decreased as we head into winter. The posted prices decreased 6.834 cents/gal, from October mid-month to November mid-month, and the spot prices decreased 7.25 cents. Conway, Kan., postings decreased 8.833 cents/gal, and spots decreased 7.625 cents over the month.

Archer Investment Corp. cut back on its holdings in Suburban Propane Partners by 36.4%, selling 4,0003 shares during the second quarter. Check out some of the latest holdings information for Suburban Propane Partners, according to recent disclosures with the Securities and Exchange Commission.

Dallas (Nov. 3, 2023) — Energy Transfer LP announced the completion of its previously announced merger with Crestwood Equity Partners LP. The merger was approved by Crestwood unitholders at its special meeting of unitholders held on Oct. 30, 2023. Effective with the opening of the market on Nov. 3, 2023, Crestwood’s common units and preferred units ceased trading on the New York Stock Exchange.

Houston (Nov. 8, 2023) — Stuart Steel Protection (SSP) has agreed to acquire the assets of Colorado-based energy manufacturing supplier Northwestern Cathodic (NWCAT) in a move that will double the company's workforce and geographic scope.

NWCAT specializes in providing cathodic protection materials and services for utilities, propane, onshore oilfield production equipment, vessels and tanks with locations in Grand Junction, Colorado, and Greenville, South Carolina.

Jefferson City, Mo. (Nov. 6, 2023) — The Missouri Propane Gas Association (MPGA) has announced its board of directors ahead of the new year. The recognition took place during the organization’s fall board meeting in Jefferson City. Local representatives serving on the MPGA board of directors are: 

Association Officers 

Executive Committee (terms expire July 2026) 

Londonderry, N.H. (Nov. 9, 2023) — DDA Transport introduced six propane-fueled straight trucks to its fleet, joining a growing number of USPS mail contractors that trust propane vehicles to reliably deliver the mail across the country.