Finance

Exclusives

BP Chief Says Oil, Gas Divestment Threatens Energy Security

BP launched a broadside against those calling for investors to sell out of oil and gas companies and warned this approach threatened energy security and the global economy.

October 11, 2018

Efficiency Has Led EP Energy To Success In The Eagle Ford

EP Energy has focused on lease operating expenses and keeping development costs under control in order to achieve maximum efficiency.

October 10, 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

A&D Strategies: Private Operators Ready To Seize Opportunities For Deals

Even transactions that seem transparently well-conceived are facing harsh investor reactions, leading private operators to conclude that someone else—like themselves—will have to step up when opportunities emerge.

October 9, 2018

Finance - Buy Backs

Devon Energy Completes $4 Billion Share-Repurchase Program

Devon Energy Corp. (NYSE: DVN) has completed its initial accelerated share repurchase program that commenced in early August, the company said on Sept. 14.

September 14, 2018

ConocoPhillips Expands Share Repurchase Program To $3 Billion

The company expects to fully fund this year’s $3 billion program, as well as its dividend and capex, with cash from operations.

July 12, 2018

Woodside May Exit Sempra Port Arthur LNG Export Project In Texas

Peter Coleman, who was speaking at the World Gas Conference in Washington, said the project’s ability to provide Woodside with an adequate return is “very challenged.”

June 27, 2018

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

Finance - Debt

A&D Conference Update: ‘The Low-Cost Guy Is Going To Win’

Day’s insights covered the burgeoning LNG business, the growing eastern Eagle Ford, and opportunities in the Gulf of Mexico and Bakken Shale, and how insurance can reduce business risk.

September 6, 2018

Denmark Swings To Net Oil Importer After North Sea Production Decline

A 25-year period for Denmark as a net oil exporter is set to end this year following output declines in the North Sea, the country’s energy agency said on Aug.30 after slashing its long-term oil production forecast.

August 30, 2018

Is Private Debt The Answer To Growing Capital? 

Christopher Abbate, Riverstone Holdings, talks private credit funds and alternative lending.

August 20, 2018

Anadarko Increases Share-Repurchase Program By $1 Billion

Anadarko Petroleum on July 9 announced its board of directors has authorized an expansion of the company's share-repurchase program to $4 billion, representing a $1 billion increase.

July 9, 2018

Finance - Equity

SandPoint Resources Forms With Equity Commitment From Carnelian

SandPoint is a San Antonio, Texas-based independent oil and gas company with a management team that has a deep history in the acquisition and development of South Texas assets.

3:35 pm

LongPoint Minerals II Launches With Nearly $850 Million Capital Raise

LongPoint II is the second company launched by Denver-based FourPoint Energy LLC to focus exclusively on the acquisition of oil and gas mineral interests.

October 3, 2018

Permian-Focused Piedra Closes Fourth Capital Commitment With EnCap

With this closing, the Piedra companies bring their aggregate outstanding commitments to $592 million earmarked for deployment in the Permian Basin.

September 28, 2018

Deal Marketers: More Volume Will Depend On Reopening Public Equity Markets

A resurgence in upstream A&D activity ultimately depends on when public equity markets quit punishing operators for not yet having shown them the money.

September 25, 2018

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

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

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

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