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 new five-year agreement with a syndicate of 29 financial institutions has a maximum facility size of $4 billion.
This represents a $1.0 billion increase over Antero's previous borrowing base announced in May 2014.
GE Energy Financial Services served as administrative agent and, through its GE Capital Markets Inc. affiliate, acted as lead arranger and book runner.
Current commitments total $320 million, with the ability to increase commitments up to $1.2 billion.
Finance - Equity
The company expects its initial assets will include well connections, gathering pipelines and disposal wells in the Midcontinent.
The firm has raised 18 institutional oil and gas funds with about $21 billion.
The common units are expected to be listed on the New York Stock Exchange under the ticker symbol "SHLX."
The company intends to use the net proceeds from the offering to repay borrowings under its subsidiary's credit facility and general corporate purposes.
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
David C. Baggett is managing partner of Opportune LLP, which Endeavour is working with during a financial restructuring, the company said.
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.
Hart Energy Events
9/24/14Webinar: Coriolis Principles and Considerations for Entrained Gas in the Upstream Market
11/10/14Conference: Executive Oil Conference - Platinum Performance in the Permian Basin
11/20/14Conference: North American LNG Exports - Expanding Beyond the Gulf Coast
1/27/15Conference: Marcellus-Utica Midstream - Extending the Reach: Meeting Global Demand