A first concession in the form of a new contract proposal was offered this week by Exxon Mobil Corp in its lockout of workers at the company’s refinery and lube oil plant in Beaumont, Texas. The nearly 650 workers have been locked out since May 1 reported Reuters. Click here for Reuters.
September 30, 2021 archive
OGE Energy Corp.’s quarterly dividend increased
OGE Energy Corp. announced that its Board of Directors has approved an increase in the company’s quarterly dividend to $0.41 per share from $0.4025 per share, which equates to $1.64 per share annually. The increase is effective with the fourth quarter 2021 dividend and will be paid Oct. 29, 2021, to shareholders of record Oct. 12, 2021. OGE Energy …
Helmerich and Payne closes on note offering
It didn’t take long for Tulsa-based Helmerich & Payne to close on its previously announced private offering of $550 million in senior notes. The company stated that it has successfully completed the offering of the 2.900% senior notes due 2031. “We are taking advantage of the Company’s robust financial profile and the historically low …
Armor Energy sells Eagle Ford play holdings
The amount was not disclosed but Tulsa’s Armor Energy LLC divested its producing assets in the northern part of the Eagle Ford play in South Texas. Crescent Pass Energy LLC closed on the acquisition as well as three bolt-on acquisitions in the Cotton Valley trend in East Texas. Houston-based Crescent Pass is a private exploration …
LSB raises money through $500 million bond offering
Oklahoma City’s LSB Industries, Inc. announced that it priced its previously announced offering of $500 million in aggregate principal amount of senior secured notes due 2028 which will be sold in a private placement to eligible purchasers. The notes will be guaranteed on a senior secured basis by all of LSB’s existing subsidiaries …
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