Finance

Finance - Buy Backs

Free

American Energy-Woodford Opens Note Exchange

Terms and conditions for the offer were made May 26. Offer will expire June 22. The 0.09% notes, due 2022, will be exchanged for new 0.12% second-lien notes due 2020.

Wed, 05/27/2015 - 11:42
Free

SAExploration Opens Note Exchange Offer

The outstanding 10% senior secured notes are due 2019. They were sold in a July 2014 private offering. The exchange offer will be open for at least thirty days.

Tue, 05/26/2015 - 09:29
Free

EP Energy Subsidiary Opens Tender Offer

There is $750 million, in aggregate principal amount, of the notes due 2019. The tender offer is scheduled to close May 27 unless extended or ended earlier.  

Tue, 05/19/2015 - 11:38
Free

Genesis Energy Opens Tender Offer, Offers Notes

Net proceeds from a public offering of $400 million, in aggregate principal amount, will fund purchase price and unpaid interest for the validly tendered 7.875% senior unsecured notes due 2018. 

Thu, 05/14/2015 - 12:17

Finance - Debt

Free

American Energy-Woodford Opens Note Exchange

Terms and conditions for the offer were made May 26. Offer will expire June 22. The 0.09% notes, due 2022, will be exchanged for new 0.12% second-lien notes due 2020.

Wed, 05/27/2015 - 11:42
Free

American Energy-Permian Basin Will Offer Notes

The notes are due 2020.

Net proceeds of about $290 million will repay part of AEPB’s revolving credit facility borrowings. The offering will be private.

Wed, 05/27/2015 - 11:18
Free

Warren Resources Closes $250 Million Refinancing

Jefferies LLC was Warren’s financial adviser. Warren’s interim CEO, Lance Peterson, said that BMO Capital Markets led the bank group. Warren had $14.7 million in cash on hand.

Wed, 05/27/2015 - 09:06
Free

SAExploration Opens Note Exchange Offer

The outstanding 10% senior secured notes are due 2019. They were sold in a July 2014 private offering. The exchange offer will be open for at least thirty days.

Tue, 05/26/2015 - 09:29

Finance - Equity

Free

Riverstone Will Invest $100 Million In Carrier Energy Partners II

Riverstone Global Energy and Power Fund VI will commit $67 million and Riverstone Energy Ltd. will commit $33 million. Carrier II is based in Sugar Land, Texas.

Thu, 05/28/2015 - 10:40
Free

Crescent Point Will Buy Legacy Oil & Gas For CA$563 Million

Crescent Point Energy Corp. will buy Legacy Oil & Gas Inc. for CA$563 million (US$453 million) in shares, Bloomberg said. Crescent will gain about 22,000 barrels of oil equivalent daily. 

Wed, 05/27/2015 - 10:21
Free

PennTex Midstream Partners Opens IPO

Common units will list on NASDAQ under ticker “PTXP.” PennTex Midstream Partners LLC and MRD WHR LA Midstream LLC will own 40.4% and 27.0%, respectively, of the limited partner interests. 

Tue, 05/26/2015 - 09:52
Free

TRP Energy Receives $250 Million In Equity

 TRP Energy LLC develops nonoperated working interests in domestic onshore plays. It’s led by CEO Trent Foltz and President Randy Dolan, who previously led J.P. Morgan’s technical upstream A&D practice.

Thu, 05/21/2015 - 15:29

Finance - Redemptions

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
Free

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
Non-free

Pioneer Energy Services Will Redeem Notes

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

Tue, 09/23/2014 - 10:24
Non-free

Range Resources Will Redeem Notes

They will be redeemed on June 26, Range said.

Wed, 05/28/2014 - 09:59

Finance - Restructuring

Free

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
Non-free

Meet The Companies That Have Dealt Themselves In On 2015 A&D

After Shell’s $70 billion deal, ExxonMobil and Chevron are in the hunt with several large U.S. E&Ps. But in the Permian Basin, the bid-ask spread remains too wide for deals.

Darren Barbee
Mon, 04/13/2015 - 15:38
Non-free

Even More Global: Shell Megamerger Offers Big Premium For BG Group

Shell, already one of the world’s largest oil and gas companies, would strengthen its LNG portfolio and gain access to premier offshore Brazil deepwater oil in a mega-merger.

Darren Barbee
Wed, 04/08/2015 - 14:05
Free

Connacher’s Out-Of-Court Restructuring Bid Denied

Connacher Oil & Gas Ltd.’s bid to restructure out of court in Canada was rejected after Credit Suisse sued in New York state court, citing Connacher’s loan default, Bloomberg said. 

Tue, 04/07/2015 - 10:20