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Phillips 66 Partners Cancels Rockies, Bakken Oil Pipeline Project
The roughly $1.6 billion project, which was proposed to support oil production growth in the Rockies and the Bakken shale regions, had been put on hold more than a year ago.
Marathon Oil Reduces Gross Debt by $500 Million
Marathon Oil intends to fully redeem its 2022 senior notes, which the Houston-based oil and gas producer said will reduce gross debt by $500 million and annual cash interest expense by $14 million.
Jones Energy Completes Merger With Revolution Resources
Following closing of the $201.5 million transaction on Jan. 7, Jones Energy became a wholly owned subsidiary of private equity backed Revolution Resources.