Seacoast Capital made an initial $15.4 million investment in Stone Road Energy, in support of the company’s track record of acquiring, operating and growing family-owned companies.
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Laketran will add 11 propane-powered buses to its fleet. These new vehicles are intended to help improve efficiency.
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MFA Oil Co. acquired Cardie Oil Inc., an independent retailer of propane and refined fuel in Tampa, Kansas. This is MFA’s sixth acquisition in Kansas since 2015.
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Quarles Petroleum Inc., a provider of residential and commercial fuel in the Mid-Atlantic region, acquired the propane distributor Noblett’s Northern Neck Gas.
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Mike Builta is set to replace Kevin Carroll as vice president of the energy and logistics division. Carroll is retiring after 32 years with the company.
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The EIA says these new measures, established in response to industry and stakeholder concerns, should provide additional information so propane dealers and customers can plan adequately.
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Nate Scott was named CEO of Cargas Systems, succeeding founder Chip Cargas. This is the company’s first CEO transition. Cargas will stay with the company and serve as chairman of the board.
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The U.S. Department of Energy published a natural gas liquids (NGL) primer, showcasing the resource potential of NGLs, specifically in the Appalachian region.
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The event focused on the best strategies for training employees at propane operations, as well as how to maintain the highest level of safety.
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The Ohio EPA now offers a grant that will assist class 7 and 8 vehicle owners in converting diesel- or gasoline-powered engines to those that use alternative fuels, such as propane.
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