Finance

Exclusives

Analysts: OPEC Decision Good For Global Market, US Shale Producers

After oil market dropped 30% from October, the market jumped 5% with OPEC’s decision to cut oil production by 1.2 million barrels per day.

December 7, 2018

Forty Under 40: Maggie Niekrash, Huntington National Bank

Today’s Forty Under 40 honoree is Maggie Niekrash, who helped co-found The Huntington National Bank’s energy team in 2012 and grow its portfolio to over $1.5 billion in loan commitments.

December 7, 2018

Forty Under 40: Jacob Nagy, Petrie Partners

Petrie Partners’ Jacob Nagy, an energy investment banker who has packed a lifetime’s worth of accomplishments into his 11-year career, is today’s Forty Under 40 honoree.

December 6, 2018

Forty Under 40: Patrick Lissonnet, Kayne Anderson Capital Advisors

Today’s Forty Under 40 is Patrick Lissonnet, who as managing director for Kayne Anderson’s private-equity activities in the energy space focuses on identifying investment opportunities.

December 4, 2018

Finance - Buy Backs

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

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

Finance - Debt

OPEC Needs To Cut Output By 700,000 bbl/d More For Brent To Hit $70

Oil producer cartel OPEC and its partners will need to keep production lower than their agreed target through 2019 for benchmark Brent crude to come back to $70 a barrel (bbl), oil and gas consultancy Rystad Energy said.

9:22 am

Anadarko Commences $500 Million Debt Offering

Anadarko Petroleum Corp. (NYSE: APC) has commenced a cash tender offer for up to $500 million combined aggregate principal amount of its outstanding 3.45% notes due 2024, 4.85% notes due 2021 and 5.55% notes due 2026, the company said on Nov. 28.

November 28, 2018

Midstream Finance: Control The Narrative When Pursuing Investors For Buildout

Remember this when going public: It’s a clean slate and what transpired as a private company no longer matters.

October 31, 2018

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

Finance - Equity

Equities Fund Brenham Capital To Shut As Energy Stocks Plunge

The Dallas-based fund will be liquidated and investor capital will be returned at the end of the year, according to the letter which was reviewed by Reuters.

November 30, 2018

Flat Creek Resources Secures EnCap Backing To Pursue Permian Strategy

Flat Creek Resources plans to use its $400 million initial commitment from EnCap Investments to build an attractive asset in the Permian Basin in West Texas and New Mexico.

November 20, 2018

Warburg Pincus Seeks $2.5 Billion Fund For New Energy Investments, Sources Say

After making four energy investments in 2014, private-equity firm Warburg Pincus made three in 2015 before recovering to five in both 2016 and 2017.

November 19, 2018

Midstream Finance: How To Succeed In Your Private Equity Partnership

Energy Spectrum’s Ben Davis maps out the etiquette for both sponsor and management team in navigating the relationship.

November 5, 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

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