Just a few days after Oklahoma City-based Ascent Resources Utica Holdings, LLC announced a $300 million offering of secured notes in a money-raising move, the company announced a closing of the offering. The offering involved 8.250% senior unsecured notes due 2028 in which Ascent explained it would use the funds to pay down part …
The latest rig count from the data analytical firm Enverus in Austin, Texas showed a decline in the number of active oil and gas rigs in the past week across the nation. The conclusion—more rigs remain in storage awaiting better times. Enverus Rig Analytics reported the count fell by five to 401 as of …
A new energy report shows more states have adopted or advanced new energy-saving targets and vehicle and appliance rules but Oklahoma made no progress from a year ago. The 2020 State Energy Efficiency Scorecard released by the American Council for an Energy-Efficient Economy (ACEEE) ranked Oklahoma tied for 37th, the same position it held last …
The COVID-19 pandemic is again blamed for Mesa Royalty Trust declare no distribution to be paid from its royalty holdings in the Hugoton gas field of southwest Kansas and the oil and gas operations in New Mexico’s San Juan Basin. The Houston-based Trust, formed to own an overriding royalty interest of the net proceeds …
Phillips 66 says it will announced its fourth-quarter 2020 finance results in late January. The Houston-based company said it will hold a conference call webcast at 11 a.m. CST on Friday, Jan. 29 to discuss the results which will be released earlier in the day. The company reported a third-quarter 2020 loss of $799 …
NGL Energy Partners LP announced Thursday a distribution for the quarter that will end Dec. 31 of this year. The Board of Directors of the Tulsa-based midstream company approved the distribution for holders of the partnership’s 9% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred units and the 9.625% Class C preferred units. The …
Apex Clean Energy, the part operator and developer of at least 8 wind farms in Oklahoma has secured $200 million more in refinancing. The Virginia-based company secured a loan from a family office investor group led by ZOMA Capital and PLEXUS Solutions. ZOMA Capital is Colorado-based and PLEXUS is headquartered in New York and …
Taking a cue from the 2015 cyber hacking attack that left 250,000 Ukrainians without electric power, researchers in Arkansas are study ways to use artificial intelligence to protect the state’s electric grid. Natural State researchers are working to develop artificial intelligence tools that can help protect the electric grid and other vital infrastructure from …
