Latest Oil Capital News

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.

OGFJ Webcasts

Accelerate The Time To Oil With Gaming Technology!

Michele Isernia, director of strategic alliances Oil&Gas industry, NVIDIA and Dr. Jeffrey Layton, enterprise technologist, High Performance Computing, Dell invite you to learn more about how GPUs (graphics processing units), created for gaming and visualization, are accelerating processing and simulation saving time and money while accelerating the time to oil.

Sponsored by

Producer Services Outlook: "A Single Solution From Wellhead to Disposition Point"

Join our live Webinar to hear an esteemed panel of industry experts discuss the important challenges of managing oil and gas marketing activities in today’s fast pace environment. 

Sponsored by