Finance

Finance - Buy Backs

Petrobras Launches Buyback For $2 Billion Of Debt

The bonds, which include notes maturing in Jan. 2019, March 2019, April 2019, Jan. 2020 and March 2020, have almost $10 billion outstanding worth of securities, Reuters reported.

2017/01/09

Perpetual Energy Extends Maturity Date For Senior Note Exchange

Scotia Capital Inc. is the sole dealer manager and solicitation agent. Kingsdale Shareholder Services is the information agent and Computershare Investor Services Inc. is the depositary.

2016/12/27

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.

2016/08/18

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.

2016/07/28

Finance - Debt

Resolute Energy Launches Debt Offering To Fund Delaware Deal

Resolute Energy is offering $125 million of its 2020 notes. The company said it plans to use the proceeds to finance its acquisition of Delaware Basin properties in Reeves County, Texas.

2017/05/09

Memorial Production Partners Emerges From Bankruptcy With New Name

Memorial Production Partners LP said May 4 it successfully completed its financial restructuring, emerging from Chapter 11 as a new corporation named Amplify Energy Corp.

2017/05/05

Rex Energy Closes New $300 Million Term Loan Agreement

Tom Stabley, president and CEO, said the transaction supports Rex Energy's two-year development plan in the Appalachian Basin.

2017/05/01

Lilis Energy Raises $140 Million For Permian A&D

Lilis Energy plans to use the capital to build on the momentum of assembling a 10,000-net acre position in the core of the Delaware.

2017/04/27

Finance - Equity

Oasis Plans IPO For New Midstream MLP

New unit is expected to grow Oasis midstream business.

2017/05/09

Kinder Morgan Files For IPO To Raise Trans Mountain Funds

Kinder Morgan said April 24 its Canadian unit filed a prospectus for an IPO of restricted voting shares, to help finance its C$7.4 billion (US$5.48 billion) Trans Mountain expansion project.

2017/04/25

Covey Park Pays Down Debt As It Explores IPO

Deals in 2016 by Covey Park, the largest acreage holder in the Haynesville/Bossier shales, have fueled speculation that it might explore an IPO.

2017/04/24

Antero Midstream GP LP Launches IPO

The company will be listed on the New York Stock Exchange as AMGP.

2017/04/24

Finance - Redemptions

Holly Energy Partners Will Redeem Senior Notes Due 2020

Holly Energy Partners LP and  Holly Energy Finance Corp. will redeem all $300 million of their outstanding 6.50% senior notes due 2020, according to a Dec. 2 press release.

2016/12/02

Paramount Resources Will Redeem Senior Unsecured Notes Due 2019

Paramount Resources Ltd. will redeem about $286.58 million of outstanding 7.625% senior unsecured notes due 2019 on Dec. 19 of this year, the company said Nov. 17.

2016/11/18

Concho Completes Acquisition Of Midland Basin Core Acreage

Concho also said it recently completed its redemption of the $600 million of 7.0% senior notes due January 2021.

2016/10/04

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.

2016/05/09

Finance - Restructuring

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

C&J Energy Services Completes Financial Restructuring

C&J said a new board of directors was appointed Jan. 6, consisting of Chairman Patrick Murray; Stuart Brightman; John Kennedy; Steven Mueller; Michael Roemer; and Michael Zawadzki; in addition to Don Gawick, C&J's president and CEO.

2017/01/06

Saratoga Resources Emerges From Bankruptcy

Saratoga is debt-free with unchanged outstanding shares, the company said. 

2016/11/03

Bankrupt Samson Resources, Creditors Reach Restructuring Deal

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

2016/08/29