Finance - Buy Backs
The program will be in place for 36 months, the company said.
Payments for repurchased shares will be funded through working capital, Sandridge said.
Consol will use the net proceeds to buy back up to $200 million, in principal amount, of its 8.25% notes due 2020.
The company financed the buyback through its secured credit facility, Lighstream said.
Finance - Debt
The borrowing base is supported solely through Midcontinent assets.
The next redetermination is scheduled to occur before March 31, 2015, PetroQuest said.
Its initial maturity date is Sept. 26, 2018, the company said.
A 'transformative series of transactions' includes 'agreements with several undisclosed buyers to sell the majority of its Powder River Basin acreage.'
Finance - Equity
Net proceeds will fund part of the acquisition of producing assets in the Eagle Ford Shale, Atlas Resource said.
The offer is scheduled to close Sept. 29, the company said.
The offering is scheduled to close on Sept. 26, the company added.
The units were approved to list on the New York Stock Exchange under the ticker symbol “JPEP,” the company noted.
Finance - Redemptions
The redemption price will be 100% of the principal amount, plus accrued and unpaid interest to, but not including, the redemption date of $0.17 per $25.
The notes will be redeemed on Oct. 23, the company said.
They will be redeemed on June 26, Range said.
The redemption price will be 103.813% of the notes’ principal amount, plus accrued and unpaid interest, NRG said.
Finance - Restructuring
The restructuring will "bolster liquidity," said Anthony C. Schnur, CEO.
As a result of the previously announced restructuring, Lone Pine whittled long term debt to CA $90 million, down from CA $395 million, the company said.
The name change and receipt of the stock symbol end the Dec. 9, 2013 asset purchase agreement between Bering Exploration and Breitling Oil and Gas Corp., the company said.
The Bank nominated Forth Worth-based Southwest Bank as successor
Hart Energy Events
9/24/14Webinar: Coriolis Principles and Considerations for Entrained Gas in the Upstream Market
10/16/14Conference: Offshore Executive Conference - The Gulf of Mexico Renaissance
11/10/14Conference: Executive Oil Conference - Platinum Performance in the Permian Basin
11/20/14Conference: North American LNG Exports - Expanding Beyond the Gulf Coast