Finance - Buy Backs

Devon Upsizes Maximum Tender Offers In Notes Buyback

The tenders will be funded through the net proceeds from previously completed asset sales and financing transactions, and will reduce outstanding debt.


EXCO Resources Opens Tender Offer For Notes Buyback

The consent solicitation will expire on August 9 and the tender offer will expire on Aug. 23.


Southwestern Energy Amends Tenders For Senior Notes Buyback

Credit Suisse Securities (USA) LLC and Mitsubishi UFJ Securities (USA) Inc. are the lead dealer managers, and D.F. King & Co. Inc. is retained as the tender agent and information agent.


Bill Barrett Undertakes Debt Exchange

Bill Barrett reduced the principal amount of the nearest term notes by 21% and net debt by 12%, noting that about $6.5million in annual interest will be saved.


Finance - Debt

Enterprise Products Operating Extends Revolving Credit Agreement

Under the terms of the amended facility, EPO may borrow up to $1.5 billion, which may be increased by up to $200 million to $1.7 billion.


Oasis Petroleum Will Offer $250 Million Of Senior Notes

The notes will pay semiannual interest and will be convertible into cash, common shares or a blend of cash and shares. They will mature on Sept. 15, 2023.


Eagle Ford-Focused Penn Virginia Emerges From Bankruptcy

The Radnor, Pa.-based company is focused on maintaining a core position in the Eagle Ford Shale. Currently, Penn Virginia operates 296 active horizontal Eagle Ford wells plus 36 outside-operated wells.


PDC Energy Will Offer Notes In Private Placement

The net proceeds will fund part of the cash consideration for the acquisition of two privately held companies managed by Kimmeridge Energy Management Co. and pay related fees and expenses.


Finance - Equity

DTE’s Equity Offering Proceeds Will Purchase Midstream Assets

The underwriters will likely receive an option to purchase 1.5 million additional units to cover overallotments.


Wattenberg-Focused Extraction Oil & Gas Files IPO

The company, based in Colorado's Denver-Julesburg Basin and backed by private equity firm Yorktown Partners LLC, said it expected to price the offering of 33.3 million shares at between $15 and $18 each.


TPH Partners With Oklahoma-Focused Antioch Energy

The company, headquartered in Oklahoma City, plans to focus on the acquisition and development of conventional and unconventional oil and gas properties primarily in the Sooner State.


QEP Permian Deal Dawdles; Unit Hunting Stack Midstream

Encana Corp. also launched an equity offering for $1 billion, raising the possibility of a Montney sale, analyst says.


Finance - Redemptions

Halliburton Will Redeem $2.5 Billion In Senior Notes

The Bank of New York Mellon Trust Co. NA, the trustee, is notifying all current registered noteholders of the redemption.


CenterPoint Closes $363 Million Investment In Enable Midstream Securities

The units were priced at $25 each, and Enable redeemed about $363 million of notes payable to subsidiary CenterPoint Energy Resources Corp. These notes will mature in 2017.


Tortoise Energy Infrastructure Will Redeem Series C Shares

The redemption represents a $50 million liquidation preference, and the redemption date is Jan. 8, 2016. The credit facilities funded the total price with Computershare, the paying agent and transfer agent, on Dec. 8. 


Federal Judge: CHK Noteholders Must Get $397.7 Million

A Manhattan federal judge ruled Chesapeake must pay bondholders an additional $379.7 million, after an appeals court ruled a series of senior notes was improperly redeemed at par, Bloomberg said.


Finance - Restructuring

Bankrupt Samson Resources, Creditors Reach Restructuring Deal

Samson suspended drilling new wells before filing for bankruptcy, Reuters reported.


Analysts: Worst Of Energy Bankruptcies In Rearview Mirror

Oilfield services still face bankruptcy threat, but rest of industry relatively in the clear for this year.


Sabine Emerges From Bankruptcy As Private Company

In conjunction with its emergence from Chapter 11, Sabine closed on its new senior secured credit facility.


Loss Of Sandpiper Could Help Bring Bakken Into Balance

If Sandpiper Pipeline Project is snuffed, supply-and-demand balance in Bakken could arrive sooner, East Daley analysts say.