Saturday, January 11, 2025

Today’s Deadline Tells the Tale for the Williams Companies, Energy Transfer Merger

Update: Energy Transfer wins court ruling in Williams Companies merger A Delaware judge ruled on Friday that Energy Transfer Equity LP can escape a proposed merger with Williams Companies over tax fears. Williams had suggested the fears over an unexpected tax were illegitimate and was merely a ploy by Energy Transfer to duck out of the deal. The judge ruled

U.S. Rig Count Resumes Decline

Total U.S. rig count falls by three to 421 as oil prices struggle to stay above $50 per barrel After three weeks of slowly increasing, the U.S. rig count posted a loss for the week ended June 24, 2016. The total number of active rigs operating in the country fell by three to 421 this week, according to information released