Finance - Equity
Newly formed Houston-based Amistad focuses on North American oil and natural gas asset acquisition and development. Its management team has more than 130 years’ industry experience across North America.
Stakeholder provides natural gas gathering, compression, treating and processing in North American unconventional shale plays, including the Eagle Ford. It also provides NGL solutions and oil gathering, transportation and storage.
Capital access separates the haves from the have-nots.
Equity was increased, liquidity was increased and debt was reduced. Outstanding 0.09% senior notes due 2022 were exchanged for new 0.12% second-lien notes due 2020.
Freeport-McMoran Oil & Gas Inc. controls millions of acres in Texas, California, Louisiana and Africa, but low oil prices have stifled investment and will hurt growth.
CorEnergy offered 11.25 million common shares priced at $6 each for $67.5 million. CorEnergy also priced unsecured convertible senior notes at $100 million. Both offers scheduled to close June 29.
When the previous 31,138 shares are added to this amount, Rex American can now buy back 531,138 shares. To date, the company has repurchased 466,444 shares priced at $62.53 each.
The proceeds will fund part of the acquisition of producing wells and leaseholds in Culberson and Reeves counties, Texas. They will also support general corporate purposes.
Houston-based Harvest entered into a term sheet with Venezuela’s state-owned PDVSA, its partner in Petrodelta, to reposition Petrodelta’s business. Harvest has a 20.4% investment in Petrodelta.
Executives at U.K.-based Magna Energy Ltd. see growth potential in India, Bangladesh and Myanmar, which are growing local energy markets, Bloomberg said. Magna is developing regional oil and gas projects.
New MLP Sempra Partners will own stakes in natural gas import/export terminals, including interest in the Energia Costa Azul LNG facility in Mexico, Bloomberg said.
On back-to-back days Energen shores up its oil hedges and then announces a stock offering that could raise $450 million, giving the company an estimated $1.59 billion in liquidity.