Finance

Finance - Buy Backs

Free

Deep Down Announces $1 Million Share Repurchase Program

Ronald E. Smith, CEO, said the company is undervalued due to the current low oil price, but the company’s balance sheet is very strong, and operations should likely improve with its strong backlog.

Erin Pedigo
Mon, 05/23/2016 - 15:15
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

Finance - Debt

Non-free

Emerald Oil Lines Up Stalking Horse Bidder For Bakken Assets

As Emerald's stalking horse, affiliates of Fort Worth, Texas-based Crestline Management and Los Angeles-based Sole Source Capital will buy substantially all of the company's assets for about $73 million.

Emily Moser
Fri, 05/27/2016 - 08:00
Free

Chesapeake Swaps Debt For Equity For Second Time In May

The company, which has more than $9 billion in debt, said on May 23 it issued or agreed to issue about 37.1 million shares between May 16 and May 23 in exchange for senior notes worth about $166 million.

Emily Moser
Tue, 05/24/2016 - 07:45
Non-free

Vanishing Point? Vanguard Closes Stack Sale; Braces For Hit From Lenders

Despite Vanguard’s loss of the Scoop/Stack acreage and a pared-back borrowing base, the company forecasts it will generate a substantial amount of excess cash flow in 2016.

Emily Moser
Fri, 05/20/2016 - 16:00
Free

Canada's Banks Setting Aside More Funds To Cover Bad Oil Loans

Energy companies across Canada and the U.S. have met with their banks recently to determine how much debt they can continue to hold as part of a biannual process, Reuters said.

Erin Pedigo
Fri, 05/20/2016 - 11:11

Finance - Equity

Free

Lime Rock Resources IV Fund Closes At $754 Million

Since inception in 2005, the Lime Rock Resources funds have made 23 major acquisitions in domestic basins, primarily in Texas, Oklahoma, New Mexico and North Dakota. 

Erin Pedigo
Wed, 05/25/2016 - 14:37
Free

Parsley Prices Upsized Offering Of Class A Shares

Acquisition of mineral interests, surface rights and working interests in Pecos and Reeves counties, Texas, will be supported by portions of proceeds from the share offering and from a senior notes offering.

Erin Pedigo
Tue, 05/24/2016 - 10:22
Free

Linn Energy, LinnCo Shares Will Delist From NASDAQ

NASDAQ will file with the Securities and Exchange Commission to remove the shares its from listing and registration.

Erin Pedigo
Mon, 05/23/2016 - 16:23
Free

Deep Down Announces $1 Million Share Repurchase Program

Ronald E. Smith, CEO, said the company is undervalued due to the current low oil price, but the company’s balance sheet is very strong, and operations should likely improve with its strong backlog.

Erin Pedigo
Mon, 05/23/2016 - 15:15

Finance - Redemptions

Free

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.

Erin Pedigo
Mon, 05/09/2016 - 10:22
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

Finance - Restructuring

Free

Exco Provides Updates Regarding Liquidity, Ongoing Restructuring Program

Under Phase 1 of the program, announced 13 months ago, Exco reduced net debt by 28%, to $1.1 billion as of March 2016. In September 2015, net debt was $1.5 billion.

Erin Pedigo
Tue, 05/24/2016 - 10:00
Free

Halcon Resources Will Restructure Through Chapter 11 Filing

The company's restructuring plan will also eliminate about $222 million of preferred equity, and reduce the company's annual interest payments by more than $200 million.

Erin Pedigo
Wed, 05/18/2016 - 16:25
Free

Connacher Files For Creditor Protection In Canada

Connacher said some of its existing lenders will provide up to CA$20 million in interim financing, and obligations will continue being met as it goes through the CCAA process, Reuters reported. 

Erin Pedigo
Mon, 05/16/2016 - 16:05
Non-free

Lessons Learned

Debt and restructuring experts at IPAA’s Managing Debt In Troubled Times conference discussed insights gained from past downturns and how to apply them to the present.

Erin Pedigo
Fri, 05/13/2016 - 16:40