Finance - Debt


Frack Sand Supplier Shale Support Closes $85 Million Debt Financing

Proceeds from an $85 million senior debt facility will refinance existing debt and complete capex projects in mining and processing facilities in the Eagle Ford and Permian Basin. 

Thu, 07/30/2015 - 10:36

Miller Energy’s Trek Into Alaska’s White Turns Ledger Red

The company is in the process of obtaining a loan and negotiating to sell noncore assets as well as interest in the North Slope that it acquired in 2014.

Darren Barbee
Wed, 07/29/2015 - 14:33

Razing Funds? Goodrich Sells Eagle Ford Acreage, Forfeits Oil Production

In an area where Goodrich spends no capex, the company sold 2,850 boe/d in production in the Eagle Ford but apparently did not receive credit for its undeveloped acreage.

Darren Barbee
Mon, 07/27/2015 - 11:26

US E&Ps Access To Debt Capital Shrinks

The price of WTI crude is down 18% this month, raising fears that banks will cut lines of credit in this autumn’s next biannual review of asset-based revolvers, Reuters said.

Fri, 07/24/2015 - 12:15

Tuscany Renews Credit Facility

After the annual review by its lender, the facility was renewed at an unchanged CA$8.5 million, and unchanged terms. The company has about CA$6.5 million in net debt.

Thu, 07/23/2015 - 11:14

Samson Resources' Lenders Target Restructuring For $4.15 Billion Debt

Samson Resources Corp.’s lenders target restructuring deal for $4.15 billion debt. A $110 million interest payment on bonds is due Aug. 15, people with knowledge of private matter told Bloomberg.

Tue, 07/21/2015 - 11:20

Seven Years Of Famine: Milagro To Ditch Assets In Bankruptcy

Milagro wants to sell its assets and 1,200 wells to White Oak Resources VI LLC, a company that acquires producing properties on the Gulf Coast of Texas and Louisiana.

Darren Barbee
Tue, 07/21/2015 - 10:23

WPX Prices $1 Billion Senior Notes Offer

The 7.50% notes are due 2020, and the 8.25% notes are due 2023. The notes were sold to the public at par. The offering is scheduled to close July 22.

Mon, 07/20/2015 - 13:34

Cardinal Energy Ltd. Upsizes Credit Facilities

Borrowing base will increase to CA$300 million, up from CA$200 million. Facilities now mature May 29, 2016, and if the syndicate approves, they can be extended for 364 additional days.

Thu, 07/16/2015 - 13:52

Hawk Exploration Downsizes Credit Facility

Lower commodity prices helped drive the facility reduction.

There is a CA$7 million revolving demand facility and a CA$4 million term facility. On July 15, there was CA$9.9 million drawn.

Thu, 07/16/2015 - 12:06

Banks Put Cash Aside To Cover Energy Loans

Shale companies spending far more than they make rely on debt. Oil’s 47% plunge over the last year has made it tougher for drillers to pay their debts, Bloomberg said.

Wed, 07/15/2015 - 16:47

Blue Racer Will Offer Additional 6.125% Notes

The notes are due in 2022, and under an indenture will be a single class of debt securities with $550 million of identical notes issued on Nov. 13, 2014.

Wed, 07/15/2015 - 10:46