Some refining and transportation subsidiaries of Delek US Holdings have added three years to the crude oil supply and offtake agreement they have with J. Aron & Co., the commodities brokerage owned by Goldman Sachs. J. Aron will continue to supply crude to Delek's El Dorado, Ark., refinery and be the first-in-line buyer for refined products. The companies' new deal extends until April of 2017.
Officials with the Environmental Protection Agency and Delek US Holdings have been busy in recent days cleaning up about 5,000 barrels of oil that have spilled from a pipeline into the Little Cornie Bayou in southern Arkansas. Bloomberg reports that about a fifth of the spill still needs to be gathered and that Delek execs don't expect a major financial impact.
Cigna, the parent of local Medicare Advantage specialist HealthSpring, has completed the acquisition of several plans with members in Arkansas, Oklahoma and Texas from Arcadian Health and Humana, which are joining forces and were told by regulators to shed some operations. One thing has changed since the parties announced their deal last summer: The Fort Smith market straddling the Arkansas/Oklahoma market has also changed hands, adding 17 counties to the 18 in the original agreement. In all, about 4,500 people are being added to HealthSpring's rolls.
SEE ALSO: Cigna's HealthSpring set to acquire Texas, Arkansas operations from June