Finance

Exclusives

Energy Capital Markets Endure Worst Quarter This Decade

Last year ended with the worst quarter for upstream equity issuances since 2010 as only two equity deals raised $67.5 million.

January 30, 2019

On The Money: Hard Times In ‘Algo’ Land For Energy Stocks

Supply, demand and geopolitics aside, could “algo trading” be whipsawing the crude markets?

January 30, 2019

Energy Bankruptcies Slow, But Debt Remains High

While energy bankruptcy filings slowed in 2018, the total amount of debt in oil and gas remains staggering, a recent Haynes and Boone report says.

January 25, 2019

PG&E Bankruptcy Darkens Outlook For Renewable Energy Investment

Credit ratings for several businesses that supply power to PG&E were cut sharply last week, potentially raising the cost of capital for the industry,

January 22, 2019

Finance - Buy Backs

Pioneer Natural Resources To Buy Back $2 Billion Of Shares

Pioneer Natural Resources CEO Timothy Dove said the buyback plan was consistent with the priorities of the  Permian Basin-focused company's 10-year plan.

December 13, 2018

Chaparral Energy CEO Talks Execution In Stack, Merge

Earl Reynolds, Chaparral Energy CEO, recently discussed with Hart Energy what allowed recent success in the company's positions in Garfield and Canadian counties, plus an interesting employee compensation plan tied to productivity.

December 7, 2018

Shell Accelerates Share Buybacks As Profits Soar

Royal Dutch Shell’s (NYSE: RDS.A) profits soared to a four-year high in the third-quarter, boosted by rising oil and gas prices as the company accelerated its giant $25 billion share buyback program.

November 1, 2018

Antero To Simplify Midstream In ‘Win-Win-Win’ Transaction

Antero Midstream is set to combine with its general partner and emerge as a C-corp entity under a new moniker.

October 9, 2018

Finance - Debt

Fitch Downgrades Mexico's Pemex Rating; Peso Falls

Rating agency Fitch downgraded the credit rating of Mexican state oil company Pemex on Jan. 29, sending the peso currency falling in early trading in Asian markets.

January 30, 2019

King & Spalding Adds Alan Noskow As Corporate Partner In D.C.

King & Spalding on Jan. 29 announced that Alan Noskow has joined as a partner in the firm’s Corporate, Finance and Investments practice group in the Washington, D.C. office.

January 29, 2019

Targa Debt Offering Marks First High-yield Bond Deal Since November

Targa had initially planned to offer a $750 million bond but later doubled its debt offering due to strong investor demand, according to a Financial Times report.

January 11, 2019

US Energy Investors Eye Cheap Takeovers As Oil Prices Sink

Sinking oil prices are turning distressed U.S. energy companies, such as Gastar Exploration, Parker Drilling and Waypoint Leasing, into takeover targets for opportunistic private investors.

January 9, 2019

Finance - Equity

New Fortress Energy To Likely Attempt IPO Shutdown Workaround

New Fortress Energy is likely to file for an IPO again on Jan. 24, changing its language and picking a target price for shares, the Wall Street Journal reported citing people familiar with the matter.

January 23, 2019

Q&A: The Data Analytics Opportunity In Oil, Gas

Ali Sharifi of Kerogen Capital discusses the burgeoning opportunity to use data to create value in the oil and gas industry. He discusses the key challenges, success stories and the likely path to further adoption.

January 21, 2019

Bad Bets On Oil, Gas Spark Wave Of Energy-Fund Closures

Heavy losses in 2018 reinforce view that energy investments are unsafe.

January 18, 2019

Post Oak Backs Houston-Based Downhole Tools Provider With $50 Million Commitment

Post Oak Energy Capital led a $50 million equity commitment to Prime Downhole Holdings, a Houston-based downhole tools provider formed by CEO Leif Syversenn.

January 9, 2019

Finance - Redemptions

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

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

Finance - Restructuring

Forty Under 40: Paul F. Jansen, Conway MacKenzie

Today’s Forty Under 40 honoree is Paul F. Jansen, managing director in Conway MacKenzie’s energy consulting practice where he has played a key role in developing new business opportunities.

November 28, 2018

Castello Branco To Be New Petrobras CEO Under Bolsonaro

Brazil's incoming far-right government on Nov. 19 tapped a University of Chicago-trained economist with experience in the oil sector to be the chief executive of state-controlled Petroleo Brasileiro SA, amid a debate over privatization of the company's assets.

November 19, 2018

Fieldwood Energy: Voyage From Debt To The Deep

Fieldwood entered Chapter 11 with a simultaneous deal to buy Gulf of Mexico assets from Noble Energy while taking pains to meet obligations to employees and more than 700 vendors.

July 10, 2018

SAExploration To Buy Certain Assets From Bankrupt Geokinetics

As part of a stalking-horse bid, SAExploration offered to acquire bankrupt Geokinetics' equipment and machinery, seismic processing software and equipment, and certain contracts with large E&P companies.

June 28, 2018