WPX Energy in Tulsa announced Friday that it has closed its previously announced public offering of $900,000,000 million aggregate principal amount of 4.500% senior unsecured notes due 2030 at par. The proceeds were deposited into an escrow account upon the closing of the offering. Upon release from escrow, WPX Energy intends to use the proceeds …
Already struggling with share prices well below $1 and a delisting warning from the New York Stock Exchange, Chesapeake Energy corporate leaders saw their shares drop 14 cents last week. Shares opened trading a week ago at $0.87 a share and managed a 3-cent increase by Tuesday but dropped to 83 cents on Wednesday and …
** State-owned oil company Saudi Aramco said on Sunday it had exercised its “greenshoe option” to sell an additional 450 million shares, raising the size of its initial public offering (IPO) to a record $29.4 billion. Aramco initially raised a $25.6 billion, which was itself a record level, in its December IPO by selling 3 billion shares …
Topics: Energy | Indicators and Data A new report from the Oklahoma City Branch of the Kansas City Federal Reserve Bank indicated a fourth quarter energy survey revealed Tenth District energy activity dropped further and expectations for future activity continued to decline. Chad Wilkerson, Vice President and Economist at the Oklahoma City Branch said firms reported that oil …
The decision by the Trump Administration’s Environmental Protection Agency to reverse parts of a chemical safety rule implemented by former President Barack Obama has led to a lawsuit filed by the United Steelworkers in the U.S. Court of Appeals for the District of Columbia. The rule was in response to the 2013 West, Texas fertilizer …
Tri-State Generation and Transmission Association, a major power provider in Colorado and New Mexico announced it will close all of its coal-fired power plants and mines in New Mexico and Colorado by 2030. The power provider that serves nearly 20 rural electric cooperatives in Colorado announced it will close its Escalante Power Plant in Prewitt, …
Environmentalists in Colorado are turning violent. Witness the interruption they caused at last week’s State of the State address delivered by Gov. Jared Polis. Police were called and had to physically remove some of the protesters who believe the governor isn’t doing enough to protect the environment and ban oil and gas activity. As the …
A ribbon-cutting ceremony has been held to commemorate the completion of the Army’s largest solar array located at Fort Carson, Colorado. Colorado Gov. Bill Ritter Jr., Maj. Gen. Mark A. Graham, commanding general, Division West, First Army and Fort Carson and Col. Eugene Smith, garrison commander, were on hand for the dedication. “We’re excited …
While the nation suffered a loss of 15 oil and gas rigs in the past week, Oklahoma added one to reach 52 working rigs. The latest Baker Hughes rig count showed a drop to 781 rigs with the number of oil rigs falling by 11 to 659 and the number of gas rigs slipped …
Tulsa’s Unit Petroleum Company pulled off a big find in western Oklahoma with a well producing nearly 1,600 barrels of oil a day. It was well out of the STACK play. The company reported the Saratoga 1720 1hx well, located at 8 14N 14W, about 3 miles southeast of the town of Thomas had …
