Finance - Equity

Ahead Of 2018 IPO, Saudi Aramco's Tax Rate Is Set At 50%

The government aims to sell up to 5% of Aramco, listing the shares in Riyadh and at least one foreign exchange, to raise cash for investment in new industries, as the kingdom seeks to diversify its economy beyond oil exports in an era of cheap crude, Reuters reported.


Hess Midstream Partners Opens IPO

The units will trade on the New York Stock Exchange under the ticker symbol "HESM."


A&D Firm EnergyNet Receives Investment From MPK Equity Partners

EnergyNet said the new funding will support the company's efforts to further expand its leadership position in oil and gas A&D services and the online energy marketplace.


Newly-Formed Titan Rock Eyes A&D With Equity Commitment

The Dallas-based E&P is focused on the acquisition and development assets in North America, with a primary focus on the Haynesville Shale of East Texas/North Louisiana and the Permian Basin.


Chaparral Exits Bankruptcy With $100 Million In Liquidity

The  Oklahoma City-based company's emergence from bankruptcy 'marks a new and prosperous time in Chaparral's storied history,' said K. Earl Reynolds, Chaparral CEO.


Luxe Minerals Receives $254 Million In Equity From NGP

Luxe Minerals LLC, which acquires mineral and royalty interests in the Midland and Delaware basins, Stack and Scoop, Eagle Ford, Bakken, Powder River and the Merge area, raised about $254 million of equity commitments from NGP through NGP Natural Resources XI LP and Luxe’s management team, according to a March 13 press release.


Analysts: MLPs Offer ‘Good Entry Point’

Analysts at Capital Link forum consider midstream ‘safer’ sector for investors.


Vortus Backs Canyon Creek To Pursue Arkoma Stack Deals

CCEA is the third successful startup for the Canyon Creek brand, led by Luke Essman, which has been active in Oklahoma since 2012.


Och-Ziff Backs TNM Resources To Pursue Permian A&D

Aaron Davis, TNM's president and CEO, recently led Fortuna's successful acquisition and development strategy, which includes the $118 million sale of Delaware Basin assets to PDC Energy.


Saxet II Minerals Lands $100 Million Equity From Post Oak

Saxet, based in Houston, focuses on the acquisition of mineral and royalty interests in the U.S. Saxet II Minerals is the second partnership with Post Oak.


After Prosperous 2016, Private Equity Makes Its Plays

In fourth-quarter 2016, nearly all of the $11.9 billion in transactions were made by public companies purchasing from private-equity firms.


California Resources To Accelerate Activity With $250 Million JV

The Los Angeles-based company formed a joint venture with Benefit Street for the investment of up to $250 million for the development of opportunities in its conventional and unconventional assets.