Finance - Debt

Swift Energy Increases Credit Facility Borrowing Base By $80 Million

J.P. Morgan led the facility and was joined by a syndicate of 11 banks, including six new lenders. As of March 31,about $172 million was drawn on the facility.

2017/04/21

Ultra Petroleum Exits Bankruptcy With $3 Billion New Financings

Ultra Petroleum said April 12 it successfully emerged from Chapter 11 bankruptcy following a $2.98 billion exit financing which paid the Houston-based company's creditors in full.

2017/04/12

Bonanza Creek's Reorganization Plan Receives Court Approval

Bonanza Creek Energy's reorganization plan has received court approval, paving the way for the Denver-based company to exit bankruptcy later this month.

2017/04/10

E&Ps, Lenders More Confident About Borrowing Bases, Survey Finds

Eagle Ford producer WildHorse Resource said April 5 that its borrowing base increased by $87.5 million, or about 24% compared to fall 2016.

2017/04/05

Cenovus Prices US$2.9 Billion Notes Offering

The acquisition includes ConocoPhillips' 50% interest in the FCCL Partnership, the companies' jointly owned oil sands venture operated by Cenovus, and most of ConocoPhillips' Deep Basin assets in Alberta and British Columbia.

2017/04/05

Ultra Petroleum Reports Notes Offering, Increased Loan

Ultra Petroleum also reported April 3 that the proposed senior secured first-lien RBL term loan was increased to $800 million from $600 million, and that the proposed borrowing base was increased to $1.2 billion from $1 billion.

2017/04/03

Ocean RIG Files For Bankruptcy Protection In US

Ocean Rig said March 28 it had entered into an agreement with creditors representing more than 72% of the company's debt for a financial restructuring. The company had $3.25 billion in debt as of Dec. 31.
 

2017/03/28

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.

2017/03/22

Analysts: MLPs Offer ‘Good Entry Point’

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

2017/03/10

Analyst: Don’t Bet Against Oil Price Volatility In 2017

Speculative traders trying to gauge OPEC’s commitment to production cuts could leave the markets bruised.

2017/02/17

Without Delays, DAPL Financial Deals Fall Into Place

ETP, MPLX and Enbridge complete transactions on the Bakken Pipeline System.

2017/02/16

EnerJex Resources Reaches Deal To Clear Debt

EnerJex also named Louis G. Schott as interim CEO following the resignation of Robert G. Watson Jr., who is leaving the company to pursue other business opportunities.

2017/02/15

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