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

Analyst: Don’t Bet Against Oil Price Volatility In 2017

Speculative traders trying to gauge OPEC’s commitment to production cuts could leave the markets bruised.

2017/02/17

Without Delays, DAPL Financial Deals Fall Into Place

ETP, MPLX and Enbridge complete transactions on the Bakken Pipeline System.

2017/02/16

EnerJex Resources Reaches Deal To Clear Debt

EnerJex also named Louis G. Schott as interim CEO following the resignation of Robert G. Watson Jr., who is leaving the company to pursue other business opportunities.

2017/02/15

Samson Resources Moves Toward Chapter 11 Emergence

In September 2016, Samson filed for Chapter 11 to reduce debt and create a capital structure that will pave the way for a 'successful future.'

2017/02/13

Finance - Equity

California Resources To Accelerate Activity With $250 Million JV

The Los Angeles-based company formed a joint venture with Benefit Street for the investment of up to $250 million for the development of opportunities in its conventional and unconventional assets.

2017/02/16

Without Delays, DAPL Financial Deals Fall Into Place

ETP, MPLX and Enbridge complete transactions on the Bakken Pipeline System.

2017/02/16

Report Reveals Midstream Investing Risk By Scrutinizing Operations, Financials

East Daley takes a granular approach in its outlook for 23 prominent midstream public companies.

2017/02/08

Kimbell Royalty Partners Opens IPO

Raymond James is the lead book-running manager. RBC Capital Markets and Stifel are joint book-running managers. Stephens Inc. and Wunderlich are co-managers.  

2017/02/03

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

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

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.

2016/08/16