Finance - Equity


Surge Of E&P Capital Raises May Be Holding Back Deals

Cheap money is chasing deals, with $8 billion in equity raises keeping companies alive while Shell’s purchase of BG Group has ‘rekindled M&A animal spirits.’

Darren Barbee
Fri, 04/17/2015 - 11:40

PetroEdge Energy IV Receives $150 Million In Equity

PetroEdge is the fourth iteration of the Houston oil and gas company. Most recently, it acquired, developed, sold Lower Eagle Ford (Maness) acreage position in Brazos and Burleson counties, Texas.

Thu, 04/16/2015 - 15:07

Matador Resources Prices Shares

Net proceeds of about $189 million will repay outstanding revolving credit facility borrowings, fund some future capex, and support general capital needs. The offer is scheduled to close April 21.

Thu, 04/16/2015 - 10:31

Next Wave Energy Partners Receives $500 Million In Equity

The money will support acquisition, development and operations of midstream, downstream petrochemical and fuel assets in U.S. and Canada. Next Wave handles NGL toll processing and  manufacturing, among other projects.

Wed, 04/15/2015 - 10:57

New PE Firm Citrine Energy Capital Launches

Citrine will focus on small-cap and mid-cap investments requiring $25 million to $75 million of equity for upstream, midstream and oilfield services in North America.

Tue, 04/14/2015 - 11:42

Kayne Anderson Energy Development Closes Private Placement

Kayne Anderson Energy Development Co. completed a private placement of $25 million in mandatory redeemable preferred shares with an institutional investor.

The Series A shares will mature April 10, 2020. 

Mon, 04/13/2015 - 15:18

Meritage Midstream Services III Receives $300 Million In Equity

Riverstone Global Energy and Power Fund VI committed $67 million, and Riverstone Energy Ltd. committed $33 million. Newly formed Meritage Midstream Services III focuses on western Canadian emerging resource plays.

Mon, 04/13/2015 - 14:07

Three Rivers Receives $500 Million In Equity

Riverstone Global Energy and Power Fund VI provided up to $333 million, and Riverstone Energy Ltd. provided up to $167 million. This is Riverstone and Three Rivers’ third partnership. 

Fri, 04/10/2015 - 09:28

Memorial Production Partners Prices Secondary Units Offer

There are about 4.6 million common units priced at $16.60 each. They represent limited partner interests owned by MRD Holdco LLC. The offering was secondary.

Fri, 04/10/2015 - 09:09

Nuevo Midstream Dos Secures $400 Million In Equity

Midstream service provider Nuevo Dos was formed earlier in 2015. Its management team also founded Nuevo Midstream LLC, the predecessor, which was sold to Western Gas Partners LP.

Thu, 04/09/2015 - 12:09

Seismos Inc. Receives $4 Million In Equity

Seismos provides the CO2 EOR market with field-installed, low-impact emitters and seismic sensors connected to a cloud-based data processing. First-year returns on investment are upwards of 100%, the company said.

Thu, 04/09/2015 - 07:52

EnCap Investments Closes $6.5 Billion Fund

Fund X closed with $6.5 billion of limited partner capital commitments, and reached its hard cap oversubscribed. It provides capital to North American upstream management teams.

Wed, 04/08/2015 - 09:51