Post Tagged with: "Energy"
BP Wind, Sempra U.S. Gas & Power to develop 21-MW Hawaii wind farm
Sempra U.S. Gas & Power and BP Wind Energy announced that they plan to jointly develop the Auwahi Wind farm in Hawaii. Located in southeastern Maui, the 21-MW wind farm will utilize eight Siemens wind turbines to generate enough renewable power for approximately 10,000 average Maui homes. Initial construction activities are underway and full mobilization [...]
Unitil completes common stock offering
Unitil Corp. said that it has closed its public offering of 2,760,000 shares of common stock at $25.25 per share. The offering includes 360,000 of the company’s common stock shares pursuant to the underwriters’ option to purchase additional shares of common stock. Total net proceeds of about $65.6 million will be used to make equity [...]
Northern Oil and Gas prices, upsizes senior notes offering
Northern Oil and Gas Inc. announced that it has upsized and priced its private offering to eligible purchasers of 8.0% senior notes due 2020 at an offering price equal to 100% of par. The offering of the notes has been upsized from $250 million to $300 million amount. The company intends to use the net [...]
Inergy Midstream acquires US Salt for $192.5M
Inergy Midstream LP (NYSE:NRGM) announced that it has acquired 100% of the membership interests in US Salt LLC from Inergy LP (NYSE:NRGY) for total consideration of $192.5 million. The transaction is expected to be immediately accretive to NRGM unitholders on a distributable cash flow per unit basis. “The acquisition of US Salt represents the first [...]
Chevron, Tohoku ink agreement for Wheatstone LNG
Chevron Corp. (NYSE: CVX) announced that its Australian subsidiaries have signed a non-binding heads of agreement (HOA) with Tohoku Electric Power Co. Inc. for the delivery of liquefied natural gas (LNG) from the Chevron-operated Wheatstone natural gas project in Australia. Under the agreement, Chevron, together with Apache Energy and Kuwait Foreign Petroleum Exploration Co., is [...]
MarkWest Energy Partners closes 8 million common units offering
MarkWest Energy Partners LP (NYSE: MWE) announced that it has closed its public offering of 8 million common units at $55.28 per common unit. Also, the partnership has granted the underwriters a 30-day option to purchase up to 1,200,000 additional common units. MarkWest intends to use the net proceeds from the offering, after deducting underwriting [...]
Concho Resources agrees to acquire oil and natural gas assets in the Permian Basin
Concho Resources Inc. announced that it has entered into a definitive agreement to acquire all the oil and natural gas assets of Three Rivers Operating Co. and certain affiliated entities for $1.0 billion in cash. Three Rivers is a privately-held exploration and production company with about 310,000 gross acres in the Permian Basin, including large [...]
Baker Hughes appoints VP of investor relations
On May 11, 2012, Baker Hughes Inc. (NYSE: BHI) announced that it has named Trey Clark as vice president of investor relations. Clark succeeds Adam B. Anderson, who will begin serving as Baker Hughes’ president, Latin America, effective May 29. Before his investor relations role, Anderson held a variety of marketing and operations management roles [...]
Integrys Energy Group declares common stock dividend
On May 10, 2012, Integrys Energy Group Inc. said its board of directors has declared a quarterly dividend of 68 cents per share on common stock. The dividend is payable on June 20, 2012, to shareholders of record May 31, 2012. Source: Integrys Energy Group
Unitil prices common stock offering
On May 10, 2012, Unitil Corp. announced that it priced a public offering of 2,400,000 newly issued shares of common stock at a public offering price of $25.25 per share. Also, the company has granted the underwriters a 30-day option to purchase up to an additional 360,000 shares to cover any over-allotments. Net proceeds from [...]
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