September 10, 2019 archive

WPX moves to buy back $450 million in senior notes

  Tulsa’s WPX Energy has launched a bid to buy back $450 million in Senior Notes sold earlier.  And the buy-back amount could be increased, according to the announcement by WPX Energy. The offer was for outstanding 6.000 percent senior notes due 2022 and 8.250 percent senior notes due 2023. The terms and conditions of …

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Tough choice for Democratic Presidential candidates in Minnesota

Democratic presidential candidates find themselves between a rock and a hard place when it comes to Minnesota voters where there’s a fight over a crude-oil pipeline. They have to choose between what environmentalists want and what the trade unions demand. The Associated Press reports progressive candidates Elizabeth Warren and Bernie Sanders have condemned a Canadian …

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Study claims gas-fired power plants will soon be out-dated

Natural gas-fired power plants, which have crushed the economics of coal, are on the path to being undercut themselves by renewable power and big batteries, a study found. Bloomberg News reported the Rocky Mountain Institute study determined that by 2035, it will be more expensive to run 90% of gas plants being proposed in the …

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Oklahoma Space Industry Development board to meet Wednesday

  Oklahoma Space Industry Development Authority Wednesday, September 11th, 2019 1:30pm Oklahoma Department of Transportation – Commission Room 200 N.E. 21st Street Oklahoma City, OK 73105 ITEMS TO BE PRESENTED CALL TO ORDER INTRODUCTION OF GUESTS AGENDA ITEMS TO BE PRESENTED BY OSIDA SECRETARY – BAILEY J. SIEGRIED 1533. MINUTES OF THE AUGUST 14th 2019 …

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Sen. Inhofe says now is the time for improved national pipelines

KEEP ENERGY FLOWING WITH SAFE, NEW PIPELINE INFRASTRUCTURE                                                                      by Sen. Jim Inhofe   We are clearly in the heyday of oil …

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Chesapeake swaps millions in shares to unload millions in debt

  Chesapeake Energy has announced it made an agreement with an unnamed firm to exchange more than 250 million shares of common stock valued at a penny a share in return for nearly $588 million in senior notes. It’s a move to unload debt for the Oklahoma City-based energy company. The company entered into a …

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Pipeline firm offers $1 billion in notes

Texas-based Plains All American Pipeline, L.P. announced a $1 billion offering of senior notes. The firm stated it intends to use the net proceeds to repay the principal amounts of its $500 million 2.60% senior notes that are due 2019 and $500 million 5.75% senior notes due 2020. Plains will also use some of the …

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Increased note offering made by Cheniere

Cheniere Energy Partners, L.P., the Houston company building the $1 billion gas pipeline in Oklahoma announced it has increased its previously announced offering of Senior Notes due 2029. The principal amount of the offering was increased from the originally announced $1 billion to $1.5 billion. The  2029 Notes will bear interest at a rate of …

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Newspaper to sponsor climate change event

A discussion of climate change will be held in Oklahoma City this month in an event sponsored by The Oklahoman newspaper. The event will be Sept. 17 at the Myriad Botanical Gardens’ Park house Event Center, 301 West Reno. It will focus on climate change and the impact on Oklahoma. The Oklahoman is one of …

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Cash dividend declared by Solaris Oilfield

Active in the SCOOP and STACK as well as Permian Basin, Houston-based Solaris Oilfield Infrastructure, Inc. announced a 10-cent quarterly cash dividend for its shares. The company’s board of directors declared the dividend on shares of Class A common stock. It will be paid on Sept. 26 to holders of record as of Sept. 19. …

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