Tia Juanita’s expanding to Livingston, Tyler
Tia Juanita’s Fish Camp announced plans to open a 5,500-square-foot restaurant in Livingston.
The company registered a $400,000 interior remodel at 100 SouthPoint Loop near U.S. 59 and U.S. 190. The project includes a full renovation of an existing building for the brand’s “Mex-Cajun” concept. Construction began April 1 and is expected to be completed by July 1.
The company is also entering the Tyler market with a $400,000 renovation at 7011 S. Broadway Ave., in the former Razzoo’s Cajun Cafe location. Construction is scheduled to begin May 1 and finish by Aug. 1.
New oil discovery in Gulf of America
Houston-headquartered energy player Occidental (Oxy) revealed an oil discovery at the Bandit prospect in the Gulf of America, about 125 miles south of the Louisiana coast, reported OffshoreEnergy.biz.
The exploration well, located in Green Canyon Block 680, encountered high-quality, full-to-base oil-bearing Miocene sands. Bandit is operated by Occidental, which holds a 45.375% working interest, and includes co-owners, Chevron U.S.A. Inc. (37.125%) and Woodside Energy (17.5%).
The operator and co-owners are currently evaluating results to determine next steps, including the discovery’s potential for subsea tie-backs to an adjacent Occidental-operated facility and others in the nearby area.
Weatherford announces Texas as legal domicile
Weatherford International PLC announced April 2 its proposal to reorganize the company’s corporate structure by redomesticating its parent company from Ireland to the United States, with Texas as the parent company’s new legal home.
The proposed redomestication is expected to be completed in the third quarter of 2026, subject to shareholder and other customary approvals for a transaction of this type, according to a company news release.
Weatherford’s global operational headquarters has been located in Houston for more than two decades, and the company maintains a substantial operational, technological, and workforce presence across Texas and the broader U.S. energy corridor.
KM strikes $505M deal for Monument Pipeline
Kinder Morgan (KM) has agreed to acquire the Monument Pipeline system, a natural gas network serving the Houston metropolitan area, for $505 million in cash, the company said in its first-quarter earnings release April 22, Pipeline & Gas Journal reported.
The transaction includes about 225 miles of pipeline infrastructure providing transportation and storage services to local gas utilities, LNG shippers and industrial customers.
KM said the system is supported by long-term, take-or-pay contracts with creditworthy customers, with an average remaining contract term of about nine years.
The acquisition is expected to complement the company’s existing Texas intrastate pipeline network and support continued demand growth tied to LNG exports and industrial activity along the Gulf Coast.
KM said the deal reflects an expected medium-term investment multiple of less than eight times EBITDA and includes additional upside through contracted growth under existing agreements.
