Laredo Petroleum Announces Second Round of Equity Financing of Up to $300 Million From Warburg Pincus

Laredo Petroleum, a rapidly growing independent oil and gas company with headquarters in Tulsa, Oklahoma, today announced that it has closed a second round of equity financing of up to $300 million with Warburg Pincus LLC, the global private equity firm, along with Laredo Petroleum’s senior management team. Funding of this line of equity will be provided as needed to support Laredo’s continued... 

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Unit Corporation to Present at The Merrill Lynch Global Energy Mid and Small Cap Conference

Unit Corporation announced that it will participate at The Merrill Lynch Global Energy Mid and Small Cap Conference, which will be held October 1st – 2nd, 2008 in New York, New York. Unit’s presentation will be broadcast live over the Internet on Wednesday, October 1st at 9:05 a.m. Eastern Time. Listeners may access the webcast via the Company’s website at www.unitcorp.com Unit Corporation is... 

Timken Process Helps Customer Cut Cost and Reduce Waste

The Timken Company is helping Oracle Packaging Co. reduce repair costs by providing a service that enables the damage-free removal and reuse of caster roll shells. Oracle uses caster rolls and shells at its light-gauge converter foil production facility in Winston-Salem, N.C. Unexpected failures in a caster core, which houses the chilled water passages that keep the outer shell cool as hot metal passes... 

Laredo Petroleum Completes $185 Million Acquisition of Strategic Assets

Laredo Petroleum, Inc., a privately-held oil and gas exploration and production company, announced today that it recently completed its acquisition of $185 million of strategic assets located in the Verden area of south central Oklahoma from Linn Energy. The transaction encompasses a total of 50,000 net acres and proven reserves of 45 billion cubic feet of natural gas equivalent. Laredo Petroleum,... 

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Endeavour Mourns Loss of Board Member Barry Galt

Endeavour International Corporation announced today that Barry J. Galt, a member of the board of directors, died on August 22, 2008. Galt served as a director of the corporation since 2004 when Endeavour was first established as a North Sea-focused oil and gas exploration and production company. “We deeply mourn the loss of a respected leader in the oil and gas industry who was a mentor and a... 

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Bayswater Expands Drilling Program at Elkhorn Project, Wyoming

Bayswater Uranium Corporation announce the start of the Phase 4 drilling program at the Company’s 100% owned Elkhorn Project in northeast Wyoming. The Phase 4 program is planned to include about 16,300 feet (4968 m) in 127 resource drill holes and 6500 feet (1981 m) in 37 exploration holes. The main objective of the drilling program is to define and further expand uranium mineralization in the... 

Unit Corporation to announce New Business Partnership for Mid-Stream Operations

Unit Corporation has recently reported to have announced that its mid-stream operations, through Superior Appalachian Pipeline LLC (Superior), has entered into a long-term business arrangement with Robert Eckle, President and founder of Appalachian Producer Services, located in McMurray, Pennsylvania. The two companies have agreed to jointly develop mid-stream pipeline projects which will be owned... 

North American Galvanizing & Coatings Reports Record Second Quarter 2008 Earnings

North American Galvanizing & Coatings, Inc. announced record earnings for the first six months and the second quarter of 2008. The second quarter of 2008 is the Company’s tenth consecutive quarter of record earnings. Consolidated net earnings for the 2008 second quarter were $3.4 million ($.27 per share), compared with $2.2 million ($.17 per share) in the second quarter of 2007, a 59% increase... 

Most and Least Expensive Gasoline

At an average $3.74 per gallon, Wichita, Kan., had the least expensive gas in the country Thursday, according to GasBuddy.com. Wichita is followed by Oklahoma City ($3.79), Tulsa, Okla. ($3.79), Tucson, Ariz. ($3.80) and Columbia, S.C. ($3.84). At an average $4.56 per gallon, Los Angeles has the most expensive gas in the country Thursday, according to GasBuddy.com. Los Angeles is tied with San Francisco... 

Stephens Invests In Directional Drilling Company

Stephens Inc.’s private equity firm will make a majority equity investment in an independent directional drilling company and provide subordinated debt financing, the company announced Tuesday. Terms of the deal between Little Rock-based The Stephens Group LLC and Multi-Shot LLC were not disclosed. This is Stephens’ third major capital investment in an oil and gas-related company. In February,... 

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