Active Stocks Buzz: Oneok Partners LP (NYSE:OKS), Callon Petroleum Company (NYSE:CPE)

Oneok Partners LP(NYSE:OKS’s) shares increased 2.97% to $32.57.


ONEOK Partners, L.P. takes part in the social event, handling, stockpiling, and transportation of characteristic gas in the United States. It works in three fragments: Natural Gas Gathering and Processing; Natural Gas Liquids; and Natural Gas Pipelines. The Natural Gas Gathering and Processing fragment assembles and forms common gas delivered from raw petroleum and regular gas wells situated in the Mid-Continent area; and accumulates and forms characteristic gas in the Williston Basin, which compasses parts of Montana and North Dakota, and the Powder River Basin of Wyoming.

ONEOK, Inc. (OKE) proclaimed that it has valued an offering to offer $500 million of 7.50 percent senior notes due 2023. The notes will be issued under ONEOK’s current rack enrollment proclamation earlier recorded with the U.S. Securities and Exchange Commission.

The net continues, subsequent to deducting endorsing rebates and assessed costs, are unsurprising to be about $487.1 million. ONEOK suspects to utilize the returns and money close by to buy extra basic units from ONEOK Partners, L.P. (OKS) in a private position. Stores oversaw by Kayne Anderson Capital Advisors, L.P. additionally will buy $100 million of regular units from ONEOK Partners conpresently with ONEOK’s buy.

ONEOK is the guardian organization of ONEOK Partners GP, L.L.C. (General Partner), the sole general accomplice of ONEOK Partners. Taking after the normal unit buys, ONEOK’s and the General Partner’s total proprietorship enthusiasm for ONEOK Partners will upgrade to 41.2 percent from 36.8 percent.

Toward the end of Wednesday’s exchange, Callon Petroleum Company (NYSE:CPE)‘s shares surged 8.07% to $9.24.

Callon Petroleum Company participates in the investigation, improvement, securing, and generation of oil and common gas properties in the Permian Basin in West Texas. As of December 31, 2014, its assessed net demonstrated stores totaled 32.8 million barrel of oil proportional, checking 25.7 million barrels of oil and 42.5 billion cubic feet of normal gas.

Callon Petroleum Company (CPE) (“Callon” or the “Organization”) as of late proclaimed that senior organization arrangements to tune in the approaching speculator occasion:

Johnson Rice Energy Conference

The Company will show at the Energy Conference facilitated by Johnson Rice & Company LLC in New Orleans, LA on Tuesday, September 29, 2015 at 11:00 am Central Time.

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About the Author

Tanya Jones
Tanya is a senior reporter for JBH News Sports & Tech section. She graduated from York College, City University of New York in 2012.
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