Friday, January 10, 2025
Magellan Midstream Prices $500 Million Debt Offering Due 2050 - Oil & Gas 360

Magellan Midstream Prices $500 Million Debt Offering Due 2050

By Tyler Losier, Energy Reporter, Oil & Gas 360 Magellan Midstream prices $500 million of its 3.950% senior notes due 2050 Magellan Midstream Partners LP (stock ticker: MMP), based out of Tulsa, Oklahoma, has priced $500 million of its 3.950% senior notes due 2050 at 99.910% of par to yield 3.955% to maturity. Proceeds from the offering, after deducting underwriting

U.S. Rig Count Down by Eight - Oil & Gas 360

U.S. Rig Count Down by Eight

Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360 Canadian numbers up by three This week’s Baker Hughes rig count shows that U.S. numbers declined by eight, resulting in the total count falling to 934. Compared to this time last year, numbers are down 123. Canada is up compared to last week with a total count of 140, representing

Saltstone Capital Pens Scathing Letter to Abraxas Petroleum - Oil & Gas 360

Saltstone Capital Pens Scathing Letter to Abraxas Petroleum

By Tyler Losier, Energy Reporter, Oil & Gas 360 Saltstone Capital Management calls for special committee of the board to review strategic alternatives Billy Bailey, founder and portfolio manager for Saltstone Capital Management LLC, penned a scathing letter to Abraxas Petroleum’s (stock ticker: AXAS) board of directors this week, calling for the creation of a special committee to explore strategic