Tropical Storm Fay has decided she doesn't want to run through the Gulf, sparing offshore oil and gas operations and heading toward Florida instead. Naturally, oil prices that had jumped up earlier in the day have since receded to $112.87. You can understand Fay's concern. Who wants to head toward that nasty green Gulf water when you have Florida right there calling for you? She has the culturally rich communities in Miami and Boca Raton to visit, making her way north through Tampa Bay and then Orlando where she can hang out at Universal Studios and Disney World. When she finally exits Florida on Wednesday afternoon, I'm sure she'll be all the happier for it. Whether or not Floridians will be is another matter. –Stephen Payne, Editor, Oil and Gas Investor This Week; www.OilandGasInvestor.com; spayne@hartenergy.com
Recommended Reading
Gulfport Energy to Offer $500MM Senior Notes Due 2029
2024-09-03 - Gulfport Energy Corp. also commenced a tender offer to purchase for cash its 8.0% senior notes due 2026.
ONEOK Offers $7B in Notes to Fund EnLink, Medallion Midstream Deals
2024-09-11 - ONEOK intends to use the proceeds to fund its previously announced acquisition of Global Infrastructure Partners’ interest in midstream companies EnLink and Medallion.
Kosmos to Repay Debt with $500MM Senior Notes Offer
2024-09-11 - Kosmos Energy’s offering will be used to fund a portion of its 7.125% senior notes due 2026, 7.750% senior notes due 2027 and 7.500% senior notes due 2028.
Upstream, Midstream Dividends Declared in the Week of July 8, 2024
2024-07-11 - Here is a selection of upstream and midstream dividends declared in the week of July 8.
Solaris Stock Jumps 40% On $200MM Acquisition of Distributed Power Provider
2024-07-11 - With the acquisition of distributed power provider Mobile Energy Rentals, oilfield services player Solaris sees opportunity to grow in industries outside of the oil patch—data centers, in particular.