Tulsa’s Vital Energy, Inc. announced it intends to offer $575 million in senior notes in a private placement to eligible purchasers. Vital stated that it will use the net proceeds along with existing corporate liquidity to fund the purchase for cash of up to $475 million of its 10.125% senior notes due 2028 and …
Smart Sand, Inc., the frac sand supply company with an operation in El Reno, Oklahoma as well as in Texas, Wisconsin, Illinois, Ohio and Pennsylvania reported fourth quarter revenue of nearly $62 million and $296 million for the year. “Smart Sand delivered strong operating and financial results for the full year 2023” stated Charles …
(AP Andrew Harnik, File) Iowa Attorney General Brenna Bird led a 9-state coalition this week in joining Oklahoma and 9 other states that filed suit last week against the Securities and Exchange Commission over its new rule forcing public traded companies to reveal some climate-related information to potential investors. “Not only will this …
The same day Empire Petroleum Corporation announced the resignation of Chief Financial Officer and Chief Accounting Officer Stephen L. Faulkner, he went across town to take a similr job with another Tulsa energy company, Vital Energy, Inc. At Vital, Faulkner is the new Vice President and Chief Accounting Officer effective March 29. He …
** A major environmental group has sued to challenge new rules issued by the U.S. Securities and Exchange Commission requiring public companies to report climate-related risks, arguing they do not go far enough to protect investors. The Sierra Club and the Sierra Club Foundation filed the lawsuit on Wednesday in the U.S. Court of Appeals for the …
