Finance

Exclusives

The Shifting Balance Of Global Energy Power

At KPMG’s annual Global Energy Conference, confidence in the global economy abound, but political uncertainty and Asia’s growing energy demand shapes the role of the U.S. energy on the world stage.

June 11, 2018

Executive Interview: Liberty Resources Gets The Most Of Williston Leasehold

Liberty Resources President and CEO Mark Pearson talks advanced completions, long laterals and the importance of private equity in the Bakken.

June 8, 2018

Maya Oil Discount Continues To Widen

The Maya oil discount has been broadening because of the continued sharp widening of the West Texas Sour differential due to bottlenecks in the Midland Basin.

June 8, 2018

Enduro Gathers Bids For Permian, Williston, Haynesville

Enduro lined up four stalking-horse bidders—the most recent being Comstock—after a prior reorganization failed to remedy its financial woes.

June 8, 2018

Finance - Buy Backs

Hess To Buy Back $1 Billion Shares

Hess said the new buyback program was in addition to the $500 million plan the company had announced in late 2017.

March 8, 2018

Chevron Expects 2018 Production To Rise By Up To 7%

Chevron also revised its three-year annual capital spending plan to $18 billion to $20 billion and said it was looking to resume share buybacks.

March 6, 2018

QEP Resources Prices $500 Million Debt Offering; Launches Redemption, Buyback

QEP Resources Inc. (NYSE: QEP) said on Nov. 6 it has priced an offering of $500 million aggregate principal amount of senior notes due 2026.

November 7, 2017

Baker Hughes Authorizes $3 Billion Share Buyback

Baker Hughes (NYSE: BHGE) said on Nov. 6 its board of directors has authorized Baker Hughes LLC, General Electric (GE) company, to repurchase up to $3 billion of its common units from BHGE and GE.

November 6, 2017

Finance - Debt

Goodnight Midstream Expands Credit Facility To $320 Million

Goodnight Midstream, a leading midstream water infrastructure company, recently expanded its revolving credit facility to $320 million.

June 8, 2018

Questerre Settles Lawsuit; Consolidates Quebec Position

Questerre Energy reported on June 4 that it has executed a letter of intent with a senior E&P company to settle outstanding litigation and acquire all their assets in the St. Lawrence Lowlands, Quebec.

June 4, 2018

Kuwait Petroleum Plans $2.6 Billion Loan For LNG Terminal

A Kuwait Petroleum Corp.-owned firm plans to borrow up to $2.6 billion from banks and export credit agencies to build a LNG import terminal, banking sources said on May 23.

May 23, 2018

Oasis Petroleum Commences $400 Million Debt Offering

Oasis Petroleum Inc. (NYSE: OAS) intends to offer $400 million in aggregate principal amount of senior unsecured notes due 2026 in a private placement to eligible purchasers.

April 30, 2018

Finance - Equity

Private Equity: Zigging When Others Are Zagging

Rather than capital discipline, private equity is targeting growth, according to panelists at the Energy Capital Conference.

May 17, 2018

Latest Blank-Check Company Completes Upsized $414 Million IPO

Pure Acquisition, led by Jack D. Hightower, is the latest blank-check company to emerge with an industry veteran at its helm.

April 18, 2018

Drillcore Launches New Fund Targeting 'Overlooked' Upstream Assets

Drillcore is led by Evan Turner, who is formerly director and head of energy at StormHarbour Partners and a founding member of CohnReznick Capital’s oil and gas group.

April 17, 2018

Tom Ward Returns To Midcontinent Spotlight With Private-Equity Backing

The founder and former top executive of several E&Ps including Chesapeake, SandRidge and Tapstone will partner with Bayou City Energy to hunt for acquisitions in Oklahoma and Kansas.

March 20, 2018

Finance - Redemptions

Holly Energy Partners Will Redeem Senior Notes Due 2020

Holly Energy Partners LP and Holly Energy Finance Corp. will redeem all $300 million of their outstanding 6.50% senior notes due 2020, according to a Dec. 2 press release.

December 2, 2016

Paramount Resources Will Redeem Senior Unsecured Notes Due 2019

Paramount Resources Ltd. will redeem about $286.58 million of outstanding 7.625% senior unsecured notes due 2019 on Dec. 19 of this year, the company said Nov. 17.

November 18, 2016

Concho Completes Acquisition Of Midland Basin Core Acreage

Concho also said it recently completed its redemption of the $600 million of 7.0% senior notes due January 2021.

October 4, 2016

Halliburton Will Redeem $2.5 Billion In Senior Notes

The Bank of New York Mellon Trust Co. NA, the trustee, is notifying all current registered noteholders of the redemption.

May 9, 2016

Finance - Restructuring

EV Energy Partners Begins ‘New Chapter’ As Harvest Oil & Gas

EV Energy Partners, an MLP, filed for Chapter 11 in early April. Parent firm EnerVest and its EnerVest Operating unit did not file for bankruptcy.

June 11, 2018

Bankrupt Rex Energy To Sell Remaining Assets

Appalachia shale producer Rex Energy’s bankruptcy follows Chapter 11 filings this week by two other U.S.-focused E&Ps.

May 18, 2018

E&P Bankruptcies Could Be Slowing Down

Rebound in oil prices and restructurings of debt loads mean the trend toward more bankrupt producers is easing.

May 7, 2018

WhiteWater Midstream Adds Strategic Partners, Commitments To Delaware Basin Agua Blanca Pipeline

WhiteWater Midstream on May 2 announced the execution of multiple transportation and interconnect agreements for its Delaware Basin Agua Blanca pipeline, which is a joint venture between WhiteWater and WPX Energy (NYSE: WPX).

May 3, 2018