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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.