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Magellan is trying to convince investors to approve a merger with Oneok that is estimated at $18.8 billion.

Magellan Midstream Partners reported a net income of $239 million for the second quarter.

A magnitude 5.1 earthquake occurred eight kilometers northwest of Prague, Oklahoma.

A magnitude 5.4 earthquake occurred near the town of Mentone, Texas.

Magnolia Oil & Gas Corporation reported a net income of $117.5 million for the third quarter.

Magnolia's total production in the first quarter grew seven percent on a year-over-year basis to 84.8 thousand barrels of oil equivalent per day.

Magnolia's position in Giddings, Texas, now totals over 500,000 net acres.

The total consideration for the transaction can reach up to $14 million, linked to the actual production of Block 70.

Maintenance managers in the oil and gas industry are voicing concerns over the increasing number of processes and procedures in parallel with the lack of equipment reliability.