Oklahoma energy briefs, Oct. 12

Safety brings state funds

Oklahoma will receive more than $1 million from a pipeline safety base grant awarded by the U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration. Nearly $44 million in grants were awarded for pipeline safety programs in 46 states, the District of Columbia, Puerto Rico and the Virgin Islands. “We need partners across the country to help us in our efforts to ensure pipeline safety,” said U.S. Transportation Secretary Ray LaHood.

Continental offers senior notes

Continental Resources Inc. is offering to exchange up to $1.2 billion in senior notes, the company announced Thursday. The offer is being made to fulfill the company's registration obligations. The exchange offer will expire Nov. 13.

SandRidge exchange offers set

SandRidge Energy Inc. on Thursday announced exchange offers on senior notes due in 2021, 2022 and 2023. The old notes were issues in private placements exempt from registration under the Securities Act, but the new notes will be registered. The exchange offers will expire Nov. 5.

Cactus Drilling hires designer

Oklahoma City-based Cactus Drilling has hired Science Applications International Corp. to provide design and engineering services for an upgrade to its manufacturing capacity. SAIC helped Cactus, the largest privately held land drilling contractor in the U.S., select an 87-acre parcel west of Oklahoma City for its new administration building and fabrication facility. “The place looks fantastic,” said Josh Simons, Cactus' vice president of operations.