Finance - Buybacks

SandRidge Enters Buy Back, Exchange For $400 Million Notes

The transaction represents "another meaningful step forward in our efforts to improve our balance sheet," said James Bennett, Sandridge president and CEO.

October 8, 2015

Goodrich Launches Exchange Offer For $17.1 Million Senior Notes

Following these separate, privately negotiated transactions, about $94.2 million of the existing notes will remain outstanding with terms unchanged.

October 8, 2015

Total Energy Services Will Repurchase Shares

There are about 30.9 million issued and outstanding shares. Total may purchase about 1.5 million shares (5% of the total) between Sept. 30 of this year and Sept. 29, 2016.

September 28, 2015

Halcón Opens Debt Exchange, Receives NYSE Listing Notice

Jefferies LLC and J.P. Morgan Securities LLC are placement agents for the debt exchanges. The price of Halcón’s common stock has fallen below New York Stock Exchange’s continued listing standard.

August 28, 2015

Noble Energy Provides Update On Rosetta Note Exchange

Aggregate principal amounts of Rosetta’s 5.625% notes due 2021, 5.875% notes due 2022, and $500 million of 5.875% notes due 2024 were validly tendered on early consent.

July 14, 2015

SM Energy Closes Note Exchange Offer

The exchange offer of $600 million of 6.125% senior notes due 2022 for an identical amount of outstanding, identical notes from a private placement closed July 9.

July 13, 2015

Warren Resources Opens Note Exchange Offer

The 0.09% notes are due in 2022, and were previously issued in a private placement. They will be exchanged for an identical amount of new, identical registered notes.

June 22, 2015

SM Energy Opens Note Exchange

The outstanding registered 6.125% registered notes will be exchanged for identical notes issued on Nov. 17, 2014 in a private placement. The exchange offer is scheduled to close July 9.

June 10, 2015

Whiting Petroleum Opens Note Exchange Offer

The 6.25% senior notes are due 2023 and will be exchanged for new, registered but otherwise identical notes. The exchange offer is scheduled to expire on July 1, unless extended.

June 4, 2015

Evolution Petroleum Board Approves Share Buyback

The buyback has no fixed expiration. Payments will support working capital. Robert Herlin, CEO, said the company’s planned 2016 cash flow will support NGL plant in Louisiana’s Delhi Field.

May 29, 2015

American Energy-Woodford Opens Note Exchange

Terms and conditions for the offer were made May 26. Offer will expire June 22. The 0.09% notes, due 2022, will be exchanged for new 0.12% second-lien notes due 2020.

May 27, 2015

SAExploration Opens Note Exchange Offer

The outstanding 10% senior secured notes are due 2019. They were sold in a July 2014 private offering. The exchange offer will be open for at least thirty days.

May 26, 2015

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