NGL Energy sets distribution
TULSA — NGL Energy Partners LP will pay a quarterly cash distribution of 45 cents a unit on Nov. 14, the partnership announced late Wednesday. The distribution is a 9 percent increase over the previous quarter.
Laredo Petroleum issues stock
Affiliates of Warburg Pincus LLC have completed an underwritten secondary public offering of more than 14.3 million shares of Laredo Petroleum Holdings Inc. stock, the Tulsa-based company announced Wednesday. The stock, including 1.875 million shares for the underwriters, sold for $20.25 a share.
Gulfport funds capital projects
Gulfport Energy Corp. has completed a $250 million offering of senior notes, the company announced Wednesday. The notes will mature on Nov. 1, 2020. Gulfport intends to use proceeds from the offering to fund part of its 2012 and 2013 capital development plans.
College to offer safety seminars
Oklahoma City Community College will host two environmental and workplace safety seminars for the oil and natural gas industry this fall. The SafeLand USA classes scheduled for Oct. 31 and Nov. 28 will provide industry professionals with specific safety guidelines to use on the job. The classes, which cost $150 a person, will run from 8 a.m. to 6 p.m. in Room 407 at the college's Keith Leftwich Library, 7777 S May. For more information, contact John Claybon at 682-7855 or email@example.com.
Test well proves successful
Imperial Resources Inc. is looking to amass at least 5,000 acres of leasehold in Oklahoma after a test well produced more than 42,000 barrels of oil and 152,000 thousand cubic feet of natural gas through July 31, the Austin, Texas-based company announced this week. Imperial owns a nominal interest in the test well in the area it has targeted in Oklahoma. The company expects the well to yield more than 180,000 barrels of oil and 2 billion cubic feet of gas over its 25-year life, so it has been working with a local geologist to identify prime spots for future drilling.
No leak found in gulf well
NEW ORLEANS — A sheen on the Gulf of Mexico likely came from oil seeping out of a piece of discarded equipment that failed to contain BP PLC's massive 2010 oil spill, the company and the Coast Guard said Thursday. A statement from BP said a three-day inspection confirmed that its Macondo well, which blew out and led to the nation's worst offshore oil spill, isn't leaking. A relief well that intercepted the blown-out well and sealed it isn't leaking, either, BP said. The company said the survey determined oil probably leaked from a container the company lowered over a leaking drill pipe in efforts to funnel oil to the surface.
From Staff and Wire Reports