Finance - Equity
Stephen Chazen, former president of Occidental, will lead a new company that hopes to raise more than $600 million for shale gas acquisitions.
California Resources is looking to accelerate the development of its "vast resource basin" in the Golden State with a partnership with Macquarie worth up to $300 million.
Private-equity firms are spotting deals and purchasing large, legacy assets that E&Ps are jettisoning as they look for efficiencies and innovation to turn profits.
NCS Multistage's IPO is priced between $15 and $18 per share and includes a 1.425-million-share greenshoe. Proceeds will be used to repay debt and for general corporate purposes.
Tapstone Energy filed for an IPO of up to $100 million, the E&P, which claims to hold the largest contiguous leasehold position in the Northwest Stack Play, said in regulatory filings on April 13.
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.
Vantage Energy Acquisition's IPO comes roughly six months after Biemans sold the company's predecessor to Rice Energy for $2.7 billion.
Speculation over potential Haynesville IPOs has included Vine and 2016 deal makers Indigo Minerals and Covey Park Energy.
Bonanza Creek Energy's reorganization plan has received court approval, paving the way for the Denver-based company to exit bankruptcy later this month.
The company said it has raised about $7 million in private capital from a combination of insiders and certain private individual investors since its formation last year.
Senior partners from WL Ross and Kirkland & Ellis examine the energy M&A and restructuring opportunities for energy companies.
Carbon Natural Gas plans to fill a hole left in conventional areas by larger E&Ps that have moved on to the Marcellus and Utica shales.