** Murphy Oil in El Dorado, Arkansas announced it plansto offer $550 million in Senior Notes due 2027. The company said it intends to use the net proceeds to purchase up to $550 million in outstanding senior notes due 2022. ** Using $400 million in commitment from EnCap Flatrock Midstream, San Antonio’s Ironwood Midstream Energy …
November 13, 2019 archive
Unit Corporation makes offer on notes
Tulsa’s Unit Corporation announced an offer to exchange some of its outstanding Senior notes due 2021 for newly-issued Senior notes due in 2024 and for Junior Secured notes due 2025. The offer is for up to $300 million in the outstanding 6.625% Senior Secured notes due 2021 and $600 million in 7.000% Junior Secured Notes …
Cypress Energy sees increased revenues
Cyprus Energy Partners, L.P. in Tulsa reported a third quarter 2019 increase in revenue and net income as well as adjusted earnings. Revenues reached $108.9 million which was a 28 percent increase over a year ago . Net income for the quarter was $5.5 million, an increase of 11 percent compared to the third …
Chesapeake Energy shares drop again—-CEO expresses confidence
As Chesapeake Energy shares dropped to their lowest price in more than 25 years in trading on Tuesday prompting one investment firm to dump its shares in the company, CEO Doug Lawler issued a statement of confidence. “Chesapeake continues to strongly believe our current capital and operating program, coupled with the planned 30% reduction …
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