After SM Energy announced its 2011 capex budget of $1 billion and outlined its plans to raise between $300 million and $500 million through asset sales and joint ventures, Jefferies & Co. Inc. released a report saying the company’s impressive growth was overshadowed by a funding gap.

Apache Corp. priced $1.5 billion in aggregate principal amount of 5.10% notes due 2040 in a public offering.

PetroQuest Energy Inc. has priced an offering at par of $150 million aggregate principal amount of Senior Notes due 2017, which will bear interest at a rate of 10% per annum.

QEP Resources Inc. has priced an underwritten public offering of $625 million of 6.875% Senior Notes due March 2021.

Independent energy company QEP Resources Inc. has begun a $500 million offering of senior notes due 2021. Net proceeds from the offering are expected to be used to repay senior credit facility debt.

CIT Group Inc. has refinanced $3 billion of its first lien debt and prepaid the approximate $1 billion balance of such debt with available corporate cash.

Anadarko Petroleum Corp. has priced its registered public offering of $2.0 billion, 6.375% Senior Notes due 2017.

Chesapeake Energy Corp. is has commenced a public offering of $600 million of Senior Notes due 2018 and $1 billion of Senior Notes due 2020.

Petrohawk Energy Corp. has launched an offering of $825 million of senior notes due 2018. The offering, which is subject to market availability and other conditions, will be made only to qualified institutional buyers and non-United States persons outside the US.

Tenaska Marketing Ventures/Tenaska Marketing Canada/Tenaska Gas Storage (collectively TMV) has completed the renewal of a $1 billion committed credit facility for a four-year term maturing in July 2014.