$URI said its subsidiary United Rentals North America (URNA), is offering $250MM of its 5.875% Senior Notes due 2026 and $250MM of its 5.500% Senior Notes due 2027 in a registered public offering. Aggregate net proceeds are expected to be about $492MM, after underwriting discounts and commissions and payments of estimated fees and expenses.
$CXO plans to reinvest cash flow so its current capital outlook
of $1.6-1.8Bil is funded entirely through cash flow from operations and will
deliver production growth of 20-24%. In Northern Delaware, $CXO plans to
average 8 rigs with over two-thirds of its capital targeting the Avalon and
$SO said that there is uncertainty with regards to tax reforms. But by virtue of the agreement that the company signed with the turbine suppliers, $SO is unaware of any tax law change in which they unwound commercial decisions once entered into. Therefore, from the value of the PTC, the company believes that it will persist under any tax reform.