Finance - News

Report: Saudi Aramco Considers JPMorgan, Other Banks For IPO

The IPO is the centerpiece of the Saudi government's ambitious plan, known as Vision 2030, to diversify the economy beyond oil, Reuters reported. 


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.


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.


Clearinghouse Securities, OfferBoard, OFSCap Combine To Form Entoro Group

Expanded company will operate a premier, independent private placement platform.


SandRidge Energy Enters New $600 Million Credit Facility

The refinancing, which amended the terms of the prior facility and increased the commitment from $425 million, also provided a $50 million increase in available cash, eliminated certain negative covenants and provided a maturity date of March 31, 2020.


Summit Midstream Holdings Will Offer $500 Million Of Senior Notes

BofA Merrill Lynch, Deutsche Bank Securities, RBC Capital Markets, TD Securities and Wells Fargo Securities are joint book-running managers. 


Egypt Pays Eni $650 Million Under Zohr Development Deal

The field is expected to come into production at the end of the year and will save Egypt billions of dollars in hard currency that would otherwise be spent on imports, Reuters reported.


InterOil Secures US$470 Million Credit Facility

The company said that if the interim resource certification payment is received before the proposed transaction with ExxonMobil Corp. (NYSE: XOM) closes, the payment will be used to repay outstanding amounts under the facility.


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.  


US Well Services Completes Recapitalization, Appoints CEO And COO

The company, which provides high-pressure fracking services in the Marcellus and Utica shales, also appointed Joel Broussard as CEO and Nathan Houston as COO.


Citigroup: Oil Majors Are Making Modest Entry Into Energy Hedging

Stuart Staley, the global head of commodities at Citi, said he expected banks to remain the leading players in risk management and hedging, Reuters reported. 


EIV Capital Closes $450 Million Midstream Private Equity Fund

The midstream infrastructure projects it will support include gathering, processing, distribution, storage and marketing of oil, natural gas and refined products. It will also support related segments of the energy value chain, the firm said.