Finance - Equity
No fractional shares will be issued with the stock split. Computershare Investor Services is the transfer agent. The stock split became effective after Feb. 4’s market close.
Greg Wachel and Henri deLaunay, formerly of Hilcorp Energy Co., lead the company. They have 30 years’ combined experience in acquiring and managing oil and natural gas fields.
Net proceeds will strengthen the balance sheet and support general corporate purposes including long-term capital and the cost of capped-call transactions. Goldman Sachs & Co. is book-running manager.
PCORE II develops core unconventional oil in North America and is led by Mark Hiduke, David Hall, Colin O’Farrell and Billy Hannes. Previously, they led PCORE Exploration & Production LLC.
Net proceeds will be about $1.6 billion, $140 million more than the amount expected due to additional commitments. The proceeds will support capex, debt payments and general partnership purposes.
Based on its close on Jan. 27 of $5.32, Oasis can raise as much as $208 million from the offering, including the underwriters' option.
Georgeson Inc. is the information agent and American Stock Transfer & Trust Co. LLC is the exchange agent. The offers will expire on Feb. 24.
Harold Hamm canceled Continental's oil hedges in the fall of 2014, a bold bet that now appears misguided as the price of crude has fallen, dragging down profitability, Reuters said.
The new midstream company will be led by a seasoned management team that is highly experienced in the development of pipelines, gathering systems and storage assets in the oil and gas industry, the release said.
Net proceeds will support general corporate purposes including Wattenberg Field acreage development, repayment of revolving credit facility debts and 2016 capex funding.
Company cut 10,000 jobs in fourth quarter of 2015. CEO Paal Kibsgaard said the $14.8 billion deal for Cameron International Corp. will close in first quarter of 2016, Reuters reported.
The firm plans to raise $130 million through the offering of 13 million units sold at $10 per unit, according to Securities and Exchange Commission filings on Jan. 19.