Finance - News

Post Oak Backs Sierra's New Eagle Ford Venture With $100 Million Commitment

Sierra, a Houston-based private E&P founded in 1996, most recently began focusing on acquiring and developing unconventional assets in the Eagle Ford Shale in South Texas.

8:10 am

Blackrock Manager Confirms Boost In Energy Holdings

While indexes are down, the portfolio manager sees opportunity in midstream, other areas.

August 18, 2017

Ranger Energy Services Prices IPO

Ranger Energy Services Inc. (NYSE: RNGR) launched its IPO of 5,862,069 shares of its Class A common stock at $14.50 per share on Aug. 11.

August 14, 2017

Oil Prices Slip On Chinese Demand Concerns, Rising US Activity

Oil prices fell on Aug. 14 as a slowdown in Chinese refining raised concerns about demand in the world's second-biggest consumer, while an increase in U.S. drilling capacity could deepen a global supply glut.

August 14, 2017

Indonesia Mulls Changes To Crude Price Basket; Banyu Urip ICP Eyed

Indonesia is evaluating its existing crude oil benchmarks and has identified the Banyu Urip grade as a possible replacement for Arjuna Indonesia Crude Price (ICP),  Ego Syahrial, director general of oil and gas at the energy ministry, said.

August 10, 2017

WPX Energy Initiates Public Offering Of Senior Notes

WPX Energy (NYSE: WPX) said Aug. 8 that it has commenced an underwritten public offering of $150 million of its 5.25% senior notes due 2024. 

August 8, 2017

Post Oak Energy Capital Leads $100 Million Capital Commitment To Nadel and Gussman NV

Post Oak Energy Capital, through investment partnerships it manages, said Aug.8 that it led a $100 million equity commitment to Nadel and Gussman NV LLC (NGNV). Affiliates of NGNV and the management team will co-invest alongside Post Oak.

August 8, 2017

Genesis Energy Launches Public Offering Of Senior Notes

Genesis Energy (NYSE: GEL) launched the commencement of a registered underwritten public offering of $550 million in aggregate principal amount of senior unsecured notes due 2025 on Aug. 7.

August 7, 2017

UK Gas Reduced Supply And Lower Temperature Forecast Lifts Prices

British wholesale gas prices rose on Aug. 7 as reduced Norwegian flows and expectations of lower temperatures created an undersupplied system, traders said.

August 7, 2017

Murphy Oil Offers $550 Million Of Senior Notes Due 2025

Murphy Oil Corp. (NYSE: MUR) said on Aug. 3, subject to market conditions, it intends to offer $550 million of senior notes that will mature in 2025 pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (SEC).

August 4, 2017

Canadian Natural Resources Profit Tops Estimates; Cuts Capex

Canadian Natural Resources Ltd. (NYSE: CNQ) posted a higher quarterly profit that topped street estimates, and said it would cut capital expenditure for the year by about CA$180 million (US$143.3 million), becoming the latest oil and gas company to do so.

August 3, 2017

Concho Profit Beats Expectation, Boosts Production Forecast

Concho Resources Inc. (NYSE: CXO) posted a better-than-expected quarterly profit on Aug. 2, helped by higher crude prices that led it to boost its output forecast for the year.

August 3, 2017