Finance - Debt
High-yield energy has outperformed many of its fixed income peers as E&P capital discipline provides a clear path to generating free cash flow.
The company expects to fully fund this year’s $3 billion program, as well as its dividend and capex, with cash from operations.
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.
Alaska Gasline Development Corp. (AGDC) is preparing an equity offering for this summer and is open to partnering with a major energy firm on the development of its costly Alaska LNG export terminal and pipeline project, an executive said on June 28.
Goodnight Midstream LLC recently expanded its revolving credit facility to $320 million, the Dallas-based midstream water infrastructure company said June 7.
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.
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.
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.
The offering is expected to close on April 20, 2018.
Range CFO Roger S. Manny said the renewed and extended credit facility will support the development of the company's assets located in the Marcellus Shale and North Louisiana.
Comstock Resources Inc. has commenced tender offers for its outstanding senior secured notes and a buyback plan for its debt, the company said on April 2.