CorEnergy Infrastructure Trust, Inc., the Kansas City-based real estate investment trust that owns pipelines and storage terminals reports it has closed a previously announced offering of $120 million in senior notes. The closing involved 5.875% convertible senior notes due 2025. The offering resulted in nearly $116 million net proceeds to CorEnergy after deducting the initial …
Oklahoma City’s Enable Midstream Partners, LP is seeking more and new investors. Leaders of the company intend to take part in the 2019 Citi Midstream and Energy Infrastructure Conference on August 14, 2019 in Las Vegas. Enable’s President and CEO Rod Sailor and other members of the company’s senior management team will meet with investors …
(From News 9 in OKC) U.S. Senator Jim Inhofe (R) of Oklahoma made a stop in Oklahoma City at Kratos Defense Monday, August 12, to push a bill, he said, will encourage workforce development. Senator Inhofe’s bill would help to pay for high tech and high paying jobs like those at Kratos. Inside the 100,000 …
Newfield Exploration Mid-Con Inc. reported four series of multi-well pads in Kingfisher County including one pad with 5 wells producing combined production of more than 3,300 barrels of oil a day. The 5-well pad, located at 19 17N 8W or about 3 miles southeast of the town of Loyal had completions of 696, 338, 750, …
Earnings and income were down in the second quarter 2019 for OGE Energy Corp., the parent company of Oklahoma Gas and Electric Company. The company reported earnings of 50 cents per diluted share for the three months that ended June 30,2019 compared to 55 cents a share a year ago. OG&E, a regulated electric utility, …
With summer heat expected to top 100 degrees, electric grid operators are asking Texas residents to help ease power demand during peak times on Monday and Tuesday. The Houston Chronical reported that the Electric Reliability Council of Texas indicated that Lone Star State residents set another new record for weekend peak demand late Sunday afternoon. Statewide electricity …
Tulsa’s ONEOK Inc. has filed a prospectus to sell a series of notes. The company filed the preliminary prospectus on Monday with the Securities and Exchange Commission indicating it plans to sell notes due in 2024, 2029 and 2049. But the amount of notes due has yet to be determined by the company. The …
Houston’s Nine Energy Service, Inc. reported second quarter 2019 revenues of $237.5 million, net income of $6.1 million and adjusted EBITDA of $38.0 million. Second quarter basic earnings per share was $0.21. Heavily involved in STACK and SCOOP drilling activity in Oklahoma, the company’s second quarter 2019 adjusted net income was $8.8 million, or $0.30 adjusted …
Halliburton’s won a big drilling contract for deepwater development off the coast of Senegal. The Houston company said Woodside Energy awarded nine conditional contracts for drilling and completion services for SNE Field Development Phase 1 off the coast of the West African country. “The drilling campaign, which is due to start in late 2020 or …
A Tulsa federal judge has ruled a Michigan welding company does have a right to a jury trial to settle a multi-million dollar lawsuit against the Williams Partners company Transcontinental Gas Pipe Line even though the work contract included a trial waiver. U.S. District Court Judge Claire V. Eagan made her ruling in a suit …