Finance - Buy Backs


Warren Resources Opens Note Exchange Offer

The 0.09% notes are due in 2022, and were previously issued in a private placement. They will be exchanged for an identical amount of new, identical registered notes.

Mon, 06/22/2015 - 16:43

SM Energy Opens Note Exchange

The outstanding registered 6.125% registered notes will be exchanged for identical notes issued on Nov. 17, 2014 in a private placement. The exchange offer is scheduled to close July 9.  

Wed, 06/10/2015 - 09:08

Whiting Petroleum Opens Note Exchange Offer

The 6.25% senior notes are due 2023 and will be exchanged for new, registered but otherwise identical notes. The exchange offer is scheduled to expire on July 1, unless extended.

Thu, 06/04/2015 - 09:23

Evolution Petroleum Board Approves Share Buyback

The buyback has no fixed expiration. Payments will support working capital. Robert Herlin, CEO, said the company’s planned 2016 cash flow will support NGL plant in Louisiana’s Delhi Field.

Fri, 05/29/2015 - 11:57

Finance - Debt


Sabine Amends Credit Facility Forbearance Agreement

During forbearance Sabine will limit the sale of its assets, appoint a chief restructuring officer, separate proceeds from collateral under the facility and pay a forbearance fee equal to $500,000.  

Wed, 07/01/2015 - 11:12

Noble Opens Exchange Offer For Rosetta Notes

The offers, set to expire on July 27, are conditional on consents from Rosetta noteholders and the closing of the merger of Rosetta with a new Noble subsidiary. 

Tue, 06/30/2015 - 09:13

Joint Lead Arrangers Commit To Sabine Pass Liquefaction

 Cheniere Partners will close credit facilities and issue Bechtel Oil Gas and Chemicals Inc. a notice to proceed on Train 5. Trains 1, 2 were about 90.8% complete May 31.

Mon, 06/29/2015 - 12:16

Magnum Hunter To Sell Eureka Pipeline, Easing Liquidity Woes

Only a portion of the Utica and Marcellus pipeline was up for sale, but a premium bid worth hundreds of millions changed CEO Gary Evans’ thinking.

Darren Barbee
Mon, 06/29/2015 - 08:58

Finance - Equity


Saving The Have-Nots

Capital access separates the haves from the have-nots.

Wed, 07/01/2015 - 17:00

American-Energy Woodford Closes Equity, Debt Transactions

Equity was increased, liquidity was increased and debt was reduced. Outstanding 0.09% senior notes due 2022 were exchanged for new 0.12% second-lien notes due 2020.

Fri, 06/26/2015 - 11:59

Freeport-McMoRan Oil Subsidiary To Launch IPO, May Surrender 860,000 Acres

Freeport-McMoran Oil & Gas Inc. controls millions of acres in Texas, California, Louisiana and Africa, but low oil prices have stifled investment and will hurt growth.

Thu, 06/25/2015 - 15:32

CorEnergy Prices Share, Note Offerings

CorEnergy offered 11.25 million common shares priced at $6 each for $67.5 million. CorEnergy also priced unsecured convertible senior notes at $100 million. Both offers scheduled to close June 29.

Thu, 06/25/2015 - 11:13

Finance - Redemptions


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

Dominion Will Redeem 2009 Enhanced Junior Subordinated Notes

The redemption price will be 100% of the principal amount, plus accrued and unpaid interest to, but not including, the redemption date of $0.17 per $25.

Thu, 09/25/2014 - 09:33

Pioneer Energy Services Will Redeem Notes

The notes will be redeemed on Oct. 23, the company said.

Tue, 09/23/2014 - 10:24

Range Resources Will Redeem Notes

They will be redeemed on June 26, Range said.

Wed, 05/28/2014 - 09:59

Finance - Restructuring


Saratoga Files For Chapter 11 Bankruptcy Protection

Chairman and CEO Thomas F. Cooke said the company hopes the Chapter 11 filing will “avert adverse action by Harvest Operating” which holds a $3.7 million arbitration award against Saratoga.

Fri, 06/19/2015 - 12:09

Hercules Gets Creditor Majority To Support Bankruptcy Plan

The restructuring support agreement requires Houston-based Hercules to file for bankruptcy by July 8.

Thu, 06/18/2015 - 09:45

Cerberus Leads Lenders For Samson Resources Restructuring

Cerberus Capital Management LP leads lenders seeking control of KKR & Co.-owned Samson Resources Co. in a restructuring, Bloomberg was told by two people with knowledge of private matter. 

Wed, 06/10/2015 - 11:02

Canadian Court Allows Connacher To Lower Interest Payments

Connacher doesn’t have to immediately pay US$128 million loan. Small oil sands developers including Connacher fight for survival with crude trading at just over half its value from June. 

Fri, 04/24/2015 - 16:18