Hydrocarb Energy Corp. engaged an investment banking firm, which it did not name, to help refinance its senior and short-term debts and identify capital sources for Galveston Bay, Texas, infrastructure and reserves development, the company said Jan. 20.
The bank, established in 2001, is based in New York.
K. Andrew Lai, Hydrocarb’s new CFO, said that the investment bank is experienced and resourceful, and that the principals understand the industry’s current challenges and opportunities.
Kent P. Watts, chairman, added that Hydrocarb wants to enhance its current assets and leverage its P5 operator status in Texas. Watts also said that Hydrocarb interviewed several investment banks before making a choice.
Hydrocarb Energy Corp. is based in Houston.
Recommended Reading
TC Energy Appoints Sean O’Donnell as Executive VP, CFO
2024-04-03 - Prior to joining TC Energy, O’Donnell worked with Quantum Capital Group for 13 years as an operating partner and served on the firm’s investment committee.
Hess Midstream Increases Class A Distribution
2024-04-24 - Hess Midstream has increased its quarterly distribution per Class A share by approximately 45% since the first quarter of 2021.
Equitrans Midstream Announces Quarterly Dividends
2024-04-23 - Equitrans' dividends will be paid on May 15 to all applicable ETRN shareholders of record at the close of business on May 7.
Genesis Energy Declares Quarterly Dividend
2024-04-11 - Genesis Energy declared a quarterly distribution for the quarter ended March 31 for both common and preferred units.
Stockholder Groups to Sell 48.5MM of Permian Resources’ Stock
2024-03-06 - A number of private equity firms will sell about 48.5 million shares of Permian Resources Corp.’s Class A common stock valued at about $764 million.