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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

Chesapeake's $1.5 Billion Leveraged Loan Hits High Prices In Secondary Market

Many loans come with a feature where the issuer promises to pay a premium--usually 101--if they call a loan during a specified amount of time, usually six months to a year after the deal inks, Reuters reported.


Singapore's Ezra Oilfield Services Wants To Amend 2018 Notes

Oilfield services firm Swiber Holdings, which initially filed for liquidation, gained court approval this month to place itself under judicial management, Reuters reported.


PetroShare Corp. Establishes New $10 Million Line Of Credit

The Jacobucci wells, which are operated by a third-party operator, have been drilled and/or cased and are scheduled for completion in the first quarter of 2017.


NGL Energy Partners Offers $400 Million Of Senior Notes

The net proceeds will be used to reduce senior secured revolving credit facility borrowings.


Finance - Equity

Extraction Oil & Gas Valued At $3 Billion Following Rare IPO

The D-J Basin centric company is the first U.S. E&P to launch an IPO since June 2014. 


Mammoth Energy Services Completes $103.2 Million IPO

The remaining net proceeds will support other general corporate purposes. Mammoth did not receive any proceeds from the sale of the shares by the selling stockholders.


Gazelle Transportation Receives $20 Million In Equity

Energy-focused private-equity firm EIV Capital completed its $20 million investment commitment to Gazelle Transportation, according to an Oct. 12 press release.


Oasis Petroleum Prices Upsized Common Share Offer

The offering is expected to close on Oct. 21. J.P. Morgan Securities LLC and Goldman Sachs & Co. are joint book-running managers. 


Finance - Redemptions

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.


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. 


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.