Magellan, Vopak seek storage
TULSA — Magellan Midstream Partners LP and Royal Vopak are considering the development of a deepwater storage and handling facility in the Houston area. The companies will conduct a joint feasibility study for a new storage terminal along the Houston Ship Channel to store and handle crude oil, refined products and ethanol. The proposed terminal would be on land owned by Vopak, which is based in The Netherlands.
State to get job hunt money
Oklahoma will receive more than $800,000 from the U.S. Labor Department to help people who have received unemployment benefits find work. The federal agency on Monday awarded more than $64 million to 38 states, Puerto Rico, the Virgin Islands and the District of Columbia. “The grants announced today will help individuals and families facing unemployment get back to work quickly,” acting Labor Secretary Seth D. Harris said.
Saxum to help nonprofits
Public relations firm Saxum will provide up to $100,000 worth of services as part of its Step Up program. Saxum is accepting applications from nonprofits in Oklahoma City and Tulsa that need services for their service projects. “Our Step Up program is a chance for Saxum to help Oklahoma City and Tulsa area nonprofits elevate their brand and reputation and build awareness among their key audiences, including volunteers, donors and clients,” Saxum President Debbie Schramm said. Previous Step Up recipients include the Oklahoma City Museum of Art, Big Brothers Big Sisters of Oklahoma, Regional Food Bank of Oklahoma, Community Action Project of Tulsa and YWCA Oklahoma City. Applications must be posted at www.saxum.com/step-up-2013 by Aug. 15.
SandRidge plans dividend
SandRidge Energy Inc. will pay a semiannual dividend of $4.25 a share on its perpetual preferred stock, the company announced Monday. The dividend will be paid in cash on Aug. 15. SandRidge has 2.65 million shares of perpetual preferred stock outstanding.
Continental completes offer
Continental Resources Inc. has completed its exchange offer on up to $1.5 billion in senior notes, the company announced Monday. The offering, which expired Friday, fulfilled the company's obligations regarding the registration of its outstanding private notes. The exchange notes contained substantially identical terms to the private notes.
From Staff Reports