Finance

Finance - Buy Backs

Free

WPX Opens Buyback For 2017 Senior Notes

The tender offer will expire April 29. Citigroup Global Markets Inc. is the dealer manager, and the information agent and tender agent is Global Bondholder Services Corp.

Erin Pedigo
Mon, 04/25/2016 - 09:42
Free

Anadarko Increases Amount Of Notes In Buyback To $1.25 Billion

Credit Suisse Securities (USA) LLC and Goldman Sachs & Co. are dealer managers, and the information agent and tender agent is D.F. King & Co. Inc.

Erin Pedigo
Fri, 04/22/2016 - 12:09
Free

Quanta Services Completes $750 Million Share Buyback

The ASR arrangement enabled repurchases under the $1.25 billion stock repurchase program. In all, 35.1 million shares priced at $21.36 each were retired.

Erin Pedigo
Wed, 04/13/2016 - 15:17
Free

Anadarko Opens Tender Offer For $1 Billion Of Senior Notes

The tender offer is scheduled to expire May 5, and the early tender date is April 21. Credit Suisse Securities (USA) LLC and Goldman Sachs & Co. are the dealer managers.

Erin Pedigo
Fri, 04/08/2016 - 15:17

Finance - Debt

Non-free

Restructuring? Pick Your Poison

Corporate restructuring is a reality of today’s oil and gas landscape. As balance sheet and liquidity problems hit home, some companies have to consider drastic strategies.

Darren Barbee
Tue, 04/26/2016 - 11:45
Free

WPX Opens Buyback For 2017 Senior Notes

The tender offer will expire April 29. Citigroup Global Markets Inc. is the dealer manager, and the information agent and tender agent is Global Bondholder Services Corp.

Erin Pedigo
Mon, 04/25/2016 - 09:42
Free

Templar Energy Makes Second-lien Term Loan Interest Payments

Templar Energy LLC made about $11.8 million in interest payments on a tranche of outstanding $1.45 billion second-lien term loan due Nov. 25, 2020. Payments were originally due March 21.

Erin Pedigo
Mon, 04/25/2016 - 09:17
Free

Anadarko Increases Amount Of Notes In Buyback To $1.25 Billion

Credit Suisse Securities (USA) LLC and Goldman Sachs & Co. are dealer managers, and the information agent and tender agent is D.F. King & Co. Inc.

Erin Pedigo
Fri, 04/22/2016 - 12:09

Finance - Equity

Free

Indigo Minerals Lands Cotton Valley/Haynesville Acreage For $375 Million

The acquisition included certain producing properties and undeveloped acreage in the core of the plays. Pro forma, Indigo Minerals holds about 160,000 net acres in Northwest Louisiana and East Texas.

Emily Moser
Fri, 04/29/2016 - 10:25
Free

Ring Energy Completes Common Stock Offering

All of the shares were priced at $5.60 each, and net proceeds of about $61 million will support a horizontal drilling development program and general corporate purposes, and will repay revolving credit facility debt.

Erin Pedigo
Wed, 04/27/2016 - 16:55
Free

Redhawk Resources Fulfills $15 Million Permian Basin Fund

Nichols was initially attracted to the project by the fact that, at 2.5 million barrels (MMbbl) of oil produced, only 4% of the oil in place had been extracted through primary production and the spacing on the field was liberal by Permian Basin standards.

Erin Pedigo
Wed, 04/27/2016 - 16:32
Free

LinnCo Completes Exchange Offer For LINN Energy Units

There is a subsequent offering period begun April 26 that will expire May 23, for LINN unitholders to tender offers and receive the same exchange ratio as under the original offer. 

Erin Pedigo
Tue, 04/26/2016 - 16:47

Finance - Redemptions

Free

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.

Erin Pedigo
Fri, 02/19/2016 - 10:41
Free

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. 

Erin Pedigo
Wed, 12/23/2015 - 11:35
Free

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.

Fri, 07/10/2015 - 16:01
Free

Encana Closes Bought Deal Offer

On April 6, the proceeds will redeem US$700 million in long-term debt that matures in 2017 and CA$750 million in long-term debt that matures in 2018. 

Mon, 03/16/2015 - 09:56

Finance - Restructuring

Free

Pacific Exploration Seeks Creditor Protection In Canada

Pacific Exploration also plans file for protection under Chapter 15 of U.S. Bankruptcy Code, which grants foreign companies protection from creditors looking to seize assets in the country, Reuters reported.

Erin Pedigo
Wed, 04/27/2016 - 12:11
Free

Blackhill Partners Completes RAAM Global Energy Restructuring

Blackhill guided a sale process and managed the transfer of RAAM's onshore and offshore assets to the senior secured lender. Jim Latimer was chief restructuring officer.

Erin Pedigo
Tue, 04/26/2016 - 15:54
Free

Lawrence Becomes Special Liaison To Stone Energy’s Independent Directors

The independent directors appointed

David T. Lawrence

to his role.

 Andrews Kurth LLP was hired as special counsel to the independent directors.

Erin Pedigo
Wed, 04/20/2016 - 11:16
Free

Seventy Seven Energy Enters Restructuring Support Agreement

Baker Botts LLP is Seventy Seven’s legal counsel and Lazard Freres & Co. LLC is its financial adviser. Alvarez & Marsal is Seventy Seven’s restructuring adviser.

Erin Pedigo
Tue, 04/19/2016 - 14:41