Energy


50 Kansans You Should Know: The Class of 2020

The 50 individuals you’ll meet in the following pages bring to an even 500 the number of Sunflower State residents from all walks of life who have been singled out for their over-sized contributions to business success, civic engagement, philanthropic… more

Oil Trades at Lowest Rates in History

The oil industry is among those feeling pain due to COVID-19, and futures prices have dropped to below zero for the first time ever in history. The West Texas Intermediate fell to negative $37.63 per barrel for May, which means… more

Tallgrass Shareholders Approve $4B Buyout

One of the biggest deals of 2019 has closed. Shareholders of Leawood-based Tallgrass Energy, LP, have approved the $4-billion sale of the company to private-equity giant Blackstone, Spain-based energy corporation Enagas and other interests. The investors paid $22.45 each for… more

Ferrellgas Raising $700 Million Via Notes

Coming off a year when revenues fell 18.75 percent, Ferrellgas, L.P. has announced two offers for a combined $700 million in senior secured first-lien notes that will earn 10 percent through their 2025 maturation dates. Last week, the nation's second-largest… more

U.S. Job Report Strong Amid Coronavirus Concerns

The global coronavirus outbreak hasn't hurt the strong U.S. labor market ... yet. Unemployment in February dropped slightly, to 3.5 percent from 3.6 percent in January, according to the U.S. Bureau of Labor Statistics. Meanwhile, national payrolls rose by 273,000… more

Tallgrass Energy Accepts $4B Investor Buyout

Leawood-based Tallgrass Energy, LP, is selling its outstanding stock to an investor group that includes an arm of private-equity firm Blackstone and Spain-based energy corporation Enagas, and others, for just over $4 billion. The investors are paying $22.45 each for… more

Ferrellgas Lands Lending Agreement in Face of Defaults

Ferrellgas, L.P. has reached a lending agreement with TPG Specialty Lending to address "alleged events of default" that occurred under its current credit facility, the propane distributor said. The $300-million revolving credit facility sub-limit for the issuance of letters of… more

Kansas’ Biggest and Costliest Export? Its Talent.

Kansas is great at educating its young people and getting them prepared for the work force. But when they leave for other states, Kansas employers are stuck looking for talent. "Our most valuable export is our educated kids to companies… more

UBS: ‘Proceed With Caution’ In This Economy

No, there isn't a sure sign of a recession hitting the U.S. economy any time in the near future, but investors should be aware that there are some elements in place that could create a slight downturn, or at least… more

KC Area Leads Kansas Job Growth

Kansas counties in the Kansas City metropolitan area led the rest of the state in job growth over the past year, according to the recently released Kansas Department of Labor (KDOL) 2019 Kansas Economic Report. Total employment in the area,… more