Finance - News

Swift Energy Increases Credit Facility Borrowing Base By $80 Million

J.P. Morgan led the facility and was joined by a syndicate of 11 banks, including six new lenders. As of March 31,about $172 million was drawn on the facility.

2017/04/21

California Resources Lands More Funding With $300 Million JV

California Resources is looking to accelerate the development of its "vast resource basin" in the Golden State with a partnership with Macquarie worth up to $300 million.

2017/04/20

Houston-Based Oilfield Service Company Launches IPO

NCS Multistage's IPO is priced between $15 and $18 per share and includes a 1.425-million-share greenshoe. Proceeds will be used to repay debt and for general corporate purposes.

2017/04/19

Stack Play-Focused Tapstone Files For $100 Million IPO

Tapstone Energy filed for an IPO of up to $100 million, the E&P, which claims to hold the largest contiguous leasehold position in the Northwest Stack Play, said in regulatory filings on April 13.

2017/04/13

Seaport Global Securities Launches Upstream A&D Division

In addition, Tom Schaefer and Andy Taurins have joined Seaport as managing directors to co-head the firm's A&D investment banking team.

2017/04/13

Ultra Petroleum Exits Bankruptcy With $3 Billion New Financings

Ultra Petroleum said April 12 it successfully emerged from Chapter 11 bankruptcy following a $2.98 billion exit financing which paid the Houston-based company's creditors in full.

2017/04/12

Stone Energy Retains Petrie Partners To Explore Strategic Alternatives

The decision follows Stone Energy's exit from Chapter 11 bankruptcy in February and the $527 million sale of its Marcellus and Utica acreage to EQT Corp.

2017/04/12

Chevron Executive Pay Rises In 2016 On Value Of Pensions

Compensation for three of Chevron Corp.'s senior leaders, including CEO John Watson, rose last year due to a change in how the value of pensions are calculated.

2017/04/12

Blank-Check Vantage Energy Prices $480 Million IPO

Vantage Energy Acquisition's IPO comes roughly six months after Biemans sold the company's predecessor to Rice Energy for $2.7 billion.

2017/04/11

Bonanza Creek's Reorganization Plan Receives Court Approval

Bonanza Creek Energy's reorganization plan has received court approval, paving the way for the Denver-based company to exit bankruptcy later this month.

2017/04/10

Energy Hunter Lands Capital For Eagle Ford Wells

The company said it has raised about $7 million in private capital from a combination of insiders and certain private individual investors since its formation last year.

2017/04/06

Cenovus Prices US$2.9 Billion Notes Offering

The acquisition includes ConocoPhillips' 50% interest in the FCCL Partnership, the companies' jointly owned oil sands venture operated by Cenovus, and most of ConocoPhillips' Deep Basin assets in Alberta and British Columbia.

2017/04/05

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