Finance - Equity
Here’s an open secret: Carrizo Oil & Gas’s acquisition efforts are stridently stingy and soaked in skepticism. They’re easy to root for on that account, alone.
Joe Brusuelas, RSM, and Chris Ortega, TPG Capital, discuss the anomalies of a changing energy market.
WPX Energy (NYSE: WPX) said Aug. 8 that it has commenced an underwritten public offering of $150 million of its 5.25% senior notes due 2024.
Post Oak Energy Capital, through investment partnerships it manages, said Aug.8 that it led a $100 million equity commitment to Nadel and Gussman NV LLC (NGNV). Affiliates of NGNV and the management team will co-invest alongside Post Oak.
Murphy Oil Corp. (NYSE: MUR) said on Aug. 3, subject to market conditions, it intends to offer $550 million of senior notes that will mature in 2025 pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (SEC).
New unit is expected to grow Oasis midstream business.
Kinder Morgan said April 24 its Canadian unit filed a prospectus for an IPO of restricted voting shares, to help finance its C$7.4 billion (US$5.48 billion) Trans Mountain expansion project.
Deals in 2016 by Covey Park, the largest acreage holder in the Haynesville/Bossier shales, have fueled speculation that it might explore an IPO.
The company will be listed on the New York Stock Exchange as AMGP.
Stephen Chazen, former president of Occidental, will lead a new company that hopes to raise more than $600 million for shale gas acquisitions.
California Resources is looking to accelerate the development of its "vast resource basin" in the Golden State with a partnership with Macquarie worth up to $300 million.
Private-equity firms are spotting deals and purchasing large, legacy assets that E&Ps are jettisoning as they look for efficiencies and innovation to turn profits.