Finance - News

Oasis Plans IPO For New Midstream MLP

New unit is expected to grow Oasis midstream business.


Resolute Energy Launches Debt Offering To Fund Delaware Deal

Resolute Energy is offering $125 million of its 2020 notes. The company said it plans to use the proceeds to finance its acquisition of Delaware Basin properties in Reeves County, Texas.


Rex Energy To Launch 1-For-10 Reverse Stock Split

Rex Energy said the reverse stock split is intended to maintain its listing on NASDAQ and broaden the range of potential investors in the company.


Memorial Production Partners Emerges From Bankruptcy With New Name

Memorial Production Partners LP said May 4 it successfully completed its financial restructuring, emerging from Chapter 11 as a new corporation named Amplify Energy Corp.


Antero Midstream GP Raises $875 Million In IPO

Proceeds from IPOs of MLPs, the structure used by most energy firms to house assets that ship and store oil and gas, dropped to $323 million last year from $4.9 billion in 2015, according to Thomson Reuters data, Reuters reported.


TransCanada To Sell Interests In Two Gas Pipelines For $765 Million

Stakes in Iroquois and Portland systems will be dropped down to TC Pipelines.


Lucid Secures $250 Million Investment From Magnetar

Funds will be used to for Lucid’s Permian Basin infrastructure buildout.


Rex Energy Closes New $300 Million Term Loan Agreement

Tom Stabley, president and CEO, said the transaction supports Rex Energy's two-year development plan in the Appalachian Basin.


Cenovus Energy Posts Smaller-Than-Expected Quarterly Loss

The Calgary, Alberta-based company has lost nearly one-fifth of its value since the deal with ConocoPhillips was announced in late March, Reuters reported.


Kinder Morgan Files For IPO To Raise Trans Mountain Funds

Kinder Morgan said April 24 its Canadian unit filed a prospectus for an IPO of restricted voting shares, to help finance its C$7.4 billion (US$5.48 billion) Trans Mountain expansion project.


Supreme Court Rejects Chesapeake's Bid In Bonds Dispute

The justices refused to hear Oklahoma City-based Chesapeake's appeal of a September 2016 ruling by the New York-based 2nd U.S. Circuit Court of Appeals in favor of bondholders.


Covey Park Pays Down Debt As It Explores IPO

Deals in 2016 by Covey Park, the largest acreage holder in the Haynesville/Bossier shales, have fueled speculation that it might explore an IPO.