Wells Fargo to acquire North American energy lending business of BNP Paribas
Feb 21, 2012
Wells Fargo Bank, part of Wells Fargo & Company, has entered into a definitive agreement to acquire the North American reserve- based and related diversified energy lending business of BNP Paribas. |
CME Group, Oman Investment Fund to increase investments in DME
Feb 21, 2012
Derivatives marketplace CME Group, and Oman Investment Fund, a sovereign wealth fund of the Sultanate of Oman plan to increase their investments in the Dubai Mercantile Exchange to enable it to continue growing its business. |
Magnum Hunter gains expanded senior bank credit facility
Feb 15, 2012
Houston-based Magnum Hunter Resources Corp. announced that the company’s borrowing base under its $350 million Senior Bank Facility, which consists of a $250 million senior revolving credit facility and a $100 million Term Loan Facility, has been increased by $35 million from $200 million to $235 million. |
Voyager to use new credit facility to pay debt, accelerate Williston Basin activities
Feb 13, 2012
Billings, MT-based Voyager Oil & Gas has entered into a new $150 million credit facility with Macquarie Bank Ltd. |
Chesapeake Energy targets $10-$12B in asset monetizations
Feb 13, 2012
Chesapeake Energy Corp. provided details on its financial plan to fully fund the company’s anticipated capital expenditures during 2012 and provide additional liquidity for 2013. |
APICORP raises SAR 2.5 billion in Shari'ah-compliant syndicated club financing
Feb 13, 2012
Arab Petroleum Investments Corp., the multilateral development bank of the ten member states of the Organization of Arab Petroleum Exporting Countries, has closed a three-year SAR 2.5 billion (US$667 million) syndicated Shari’ah-compliant facility from four Saudi Arabian banks. |
Quicksilver Resources files $250M IPO to reduce debt
Feb 10, 2012
Quicksilver Production Partners LP, a wholly-owned subsidiary of Quicksilver Resources Inc., filed a registration statement February 10, 2012, on Form S-1 with the US SEC related to the proposed IPO of common units representing limited partner interests. |
JV agreements played key role in 2011 E&P funding
Feb 8, 2012
Following a rise in popularity in the oil and gas upstream sector in 2010, joint venture agreements played a dominant role as a source of low cost funding in 2011—with unconventional resources drawing the most attention, noted analyst at Stifel Nicolaus. |
Quantum Energy Partners forms Renaissance to acquire offshore oil, gas properties
Feb 7, 2012
Houston-based private equity firm Quantum Energy Partners has once again formed a company to acquire US oil and gas properties, reports Bloomberg. Only this time, the newly-formed company will focus on offshore US oil fields. |
DA Davidson & Co. acquires McGladrey Capital Markets
Feb 6, 2012
D.A. Davidson & Co., a national full-service investment firm based in the Northwest, has acquired McGladrey Capital Markets LLC (MCM), an investment banking firm headquartered in Costa Mesa, California. |
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