Finance - Equity
Newfield Exploration Co. announced the closing of its previously announced public offering.
Antero Resources Corp. intends to offer $500 million in aggregate principal amount of senior unsecured notes.
Goodrich Petroleum Corp. commenced an underwritten public offering of its common stock.
The company said it expects to finance the remainder of its 2015 capex budget with cash flow from operations and available capacity on its first lien credit facility.
Proceeds will be used to repay all of the outstanding borrowings under its credit facility and for general corporate purposes.
Oil prices at five-year lows are crimping cash flow for energy producers, which are selling shares to fund spending plans.
Proceeds will be used to repay all outstanding borrowings under its credit facility and for general corporate purposes.
The fund received significant interest with demand well surpassing the fund’s $4.5 billion hard cap.
PetroCap Partners II seeks to invest in onshore basins in the lower 48 states.
The offer is scheduled to close Feb. 23.
Net proceeds will repay outstanding revolving credit facility borrowings.
The company's Calcasieu Parish Pass project in Cameron Parish, La., is scheduled to begin operations in late 2019.