Finance - Equity

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Evolution Petroleum Board Approves Share Buyback

The buyback has no fixed expiration. Payments will support working capital. Robert Herlin, CEO, said the company’s planned 2016 cash flow will support NGL plant in Louisiana’s Delhi Field.

Fri, 05/29/2015 - 11:57
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Summit Midstream: Underwriters’ Option Proceeds Will Support General Purposes

Summit Midstream Partners LP said May 28 that underwriters exercised and closed their option to purchase 975,000 additional notes in 6.5 million common units offering that closed May 13.

Thu, 05/28/2015 - 15:56
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Riverstone Holdings Will Invest $100 Million In Carrier Energy Partners II

Riverstone Global Energy and Power Fund VI will commit $67 million and Riverstone Energy Ltd. will commit $33 million. Carrier II is based in Sugar Land, Texas.

Thu, 05/28/2015 - 10:40
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Crescent Point Will Buy Legacy Oil & Gas For CA$563 Million

Crescent Point Energy Corp. will buy Legacy Oil & Gas Inc. for CA$563 million (US$453 million) in shares, Bloomberg said. Crescent will gain about 22,000 barrels of oil equivalent daily. 

Wed, 05/27/2015 - 10:21
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PennTex Midstream Partners Opens IPO

Common units will list on NASDAQ under ticker “PTXP.” PennTex Midstream Partners LLC and MRD WHR LA Midstream LLC will own 40.4% and 27.0%, respectively, of the limited partner interests. 

Tue, 05/26/2015 - 09:52
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TRP Energy Receives $250 Million In Equity

 TRP Energy LLC develops nonoperated working interests in domestic onshore plays. It’s led by CEO Trent Foltz and President Randy Dolan, who previously led J.P. Morgan’s technical upstream A&D practice.

Thu, 05/21/2015 - 15:29
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Private Equity Keeps Busy While Industry Awaits Price Rebound

While M&A activity has slowed in the energy sector, private equity is finding new ways to invest until it picks up again.

Wed, 05/20/2015 - 10:04
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Linn Energy Offers Common Units

Net proceeds will repay outstanding credit facility debt that was incurred to support open market buybacks of Linn and Berry's senior notes. Underwriters can purchase 2.4 million additional units.

Mon, 05/18/2015 - 16:55
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S&P Cuts SandRidge’s Ratings On Share Swap

SandRidge Energy Inc. swapped shares for two classes of notes held by single investor. Holder will receive stock for combined $50 million of 7.5% notes and 8.125% notes, Bloomberg said.

Fri, 05/15/2015 - 09:51
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PEDEVCO Prices Shares Supporting D-J Basin Leasehold

About $2.7 million of net proceeds will support additional Denver-Julesburg Basin leasehold rights, fund working capital and support general corporate purposes. Offering is scheduled to settle and close May 18.

Thu, 05/14/2015 - 14:08
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Jones Energy Prices Common Shares

Affiliates of Metalmark Capital LLC will receive $50 million proceeds from the offering of 5 million Class A common shares, priced at $10 each, which they own as selling stockholders.

Thu, 05/14/2015 - 11:17
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Rice Energy Prices Common Shares

NGP Rice Holdings LLC, which owns the shares, will receive all $145.2 million in proceeds. Goldman Sachs & Co. and Citigroup are joint book-running managers.

Wed, 05/13/2015 - 14:49

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