Finance

Finance - Buy Backs

Free

Halcón Opens Debt Exchange, Receives NYSE Listing Notice

Jefferies LLC and J.P. Morgan Securities LLC are placement agents for the debt exchanges. The price of Halcón’s common stock has fallen below New York Stock Exchange’s continued listing standard.  

Fri, 08/28/2015 - 11:24
Free

Noble Energy Provides Update On Rosetta Note Exchange

Aggregate principal amounts of Rosetta’s 5.625% notes due 2021, 5.875% notes due 2022, and $500 million of 5.875% notes due 2024 were validly tendered on early consent. 

Tue, 07/14/2015 - 10:51
Free

SM Energy Closes Note Exchange Offer

The exchange offer of $600 million of 6.125% senior notes due 2022 for an identical amount of outstanding, identical notes from a private placement closed July 9.

Mon, 07/13/2015 - 14:42
Free

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

Finance - Debt

Non-free

Idled Rigs Tell No Tales: W&T Offshore Deals Permian For Offshore

W&T Offshore Inc. (WTI) has agreed to sell its Yellow Rose Field in the Permian Basin in a deal that sacrifices none of its offshore holdings while helping the company pay down debt.

The company expects to use its dry powder for offshore deals in the Gulf of Mexico (GoM).

W&T said Sept. 1 that it entered a definitive agreement with Ajax Resources LLC to sell all interests for $376 million. The company also reserved a 1-4% sliding scale overriding royalty interest in the field.

W&T's interest in its Yellow Rose Field includes about 25,800 highly contiguous net acres in Andrews, Martin, Gaines and Dawson counties, Texas. In July, net production in the northern Midland Basin averaged about 3,000 barrels of oil equivalent per day (boe/d).

Drilling in the field had been suspended until commodity prices improved and the cost of goods and services fall.

Darren Barbee
Tue, 09/01/2015 - 15:08
Free

Lenders Reaffirm Gastar's $200 Million Borrowing Base

Gastar has drawn $65 million under the facility, resulting in $135 million of unused borrowing capacity. The next borrowing base redetermination is scheduled for May 1, 2016.

Mon, 08/31/2015 - 09:32
Free

Outlook Is Gloomy For Companies’ Borrowing Thresholds

Average yield on U.S. junk-rated energy companies rose to more than 12% Aug. 24, Bank of America Merrill Lynch data said- the highest level since the financial crisis, Reuters said.

Erin Pedigo
Fri, 08/28/2015 - 11:43
Free

Halcón Opens Debt Exchange, Receives NYSE Listing Notice

Jefferies LLC and J.P. Morgan Securities LLC are placement agents for the debt exchanges. The price of Halcón’s common stock has fallen below New York Stock Exchange’s continued listing standard.  

Fri, 08/28/2015 - 11:24

Finance - Equity

Free

WellAware Raises $16 Million In Series B1 Financing

Mitsui & Co. (USA) Inc. co-led the funding round with data provider Genscape Inc. The capital will support WellAware’s operations expansion and oilfield analytics product development efforts.

Tue, 09/01/2015 - 11:04
Free

Edge Natural Resources Closes First Fund

ENR Partners LP fund had its final close with $445.7 million in total commitments. Gibson, Dunn & Crutcher LLP provided fund formation counsel. Edge did not engage a placement agent.

Erin Pedigo
Wed, 08/26/2015 - 10:41
Free

Bad Energy Sector Loans Proliferated In 3Q: Bank Of Montreal

Almost all of the weakness was from the U.S. market, where BMO, Canada's fourth-largest bank, has a significant presence. U.S. energy companies tend to have more debt, Reuters said.

Erin Pedigo
Tue, 08/25/2015 - 11:15
Free

Evolution Midstream Receives $300 Million In Equity

Denver-based Evolution was launched in July and provides greenfield and strategic acquisition solutions to operators in the Rockies, Bakken Shale, Permian Basin, Midcontinent and Appalachia.

Erin Pedigo
Mon, 08/24/2015 - 11:09

Finance - Redemptions

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
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

Finance - Restructuring

Free

Samson Resources Corp. Finalizes Restructuring Plan

Samson engaged Blackstone Advisory Partners as its investment banker and Alvarez & Marsal North America as its restructuring adviser. Samson’s restructuring counsel is Kirkland & Ellis, Reuters said.

Mon, 08/17/2015 - 08:24
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TAM International Splits Regional Businesses Through Restructuring

Steven Scott has worked at TAM for 28 years and now heads the Eastern Hemisphere Operations Group.

Ray Frisby is now vice president of Western Hemisphere Operations. 

Thu, 08/13/2015 - 12:12
Free

ERG Companies Cancel 363 Sale Process

The companies’ assets have over time included areas on the U.S. Gulf Coast and in California, the Illinois Basin, Texas and Louisiana, according to ERG Resources LLC’s website.

Thu, 08/13/2015 - 10:33
Free

Samson Resources' Lenders Target Restructuring For $4.15 Billion Debt

Samson Resources Corp.’s lenders target restructuring deal for $4.15 billion debt. A $110 million interest payment on bonds is due Aug. 15, people with knowledge of private matter told Bloomberg.

Tue, 07/21/2015 - 11:20