Capital News

Quicksilver Resources files $250M IPO to reduce debt

Fri, 10 Feb 2012 17:27:00 GMT

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

Wed, 08 Feb 2012 23:10:00 GMT

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

Tue, 07 Feb 2012 16:28:00 GMT

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

Mon, 06 Feb 2012 16:09:00 GMT

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.

New energy private equity firm Stellus Capital Management spins off from DE Shaw

Wed, 25 Jan 2012 15:59:00 GMT

Private investment firm Stellus Capital Management has completed its spin off from the D. E. Shaw Group. The Houston-based former direct investment unit of D.E. Shaw will continue its focus on making equity and debt investments in North American energy companies, particularly in upstream oil and gas businesses.

India’s Reliance may buy El Paso E&P unit

Mon, 09 Jan 2012 16:50:00 GMT

Reliance Industries Ltd., one of the largest companies in India, and Apollo Global Management LLC, a New York-based private equity firm, are looking to buy El Paso Corporation’s (NYSE: EP) oil and gas exploration and production business unit. As ranked by assets, El Paso is the 11^th largest US oil and gas producer, according to the OGJ150 Quarterly Report.

JV streak continues as Chesapeake completes US$2.32B Utica Shale deal with Total

Wed, 04 Jan 2012 21:00:00 GMT

Building on its existing relationship with French oil major Total, Chesapeake Energy Corp. completed yet another joint venture to continue its progress developing unconventional resources—this time in the Ohio portion of the Utica Shale play.

Northstar Offshore sells GOM shelf assets to Korean Group for US201 million

Thu, 29 Dec 2011 16:25:00 GMT

Northstar Offshore Energy Partners LLC (NOEP) – a portfolio company of Natural Gas Partners (NGP) – said Dec. 29 that it has sold substantially all of its asset holdings to ANKOR E&P Holdings Corporation, STX Energy E&P Offshore Management LLC, and SCL Resources LLC for $201 million.

Petrobras chooses BNY Mellon as new ADR depositary bank

Thu, 29 Dec 2011 16:02:00 GMT

Brazilian oil giant Petrobras reports that Bank of New York Mellon was chosen to represent the company’s American Depositary Receipt (ADR) program after bidding. ADRs are negotiable securities in the US that represent one or more shares of a foreign company.

Flotek Industries to repurchase senior notes

Wed, 28 Dec 2011 19:28:00 GMT

Houston-based Flotek Industries Inc. (NYSE: FTK) announced Dec. 28 that it has entered into a repurchase agreement with the holders of the company’s 5.25% senior secured convertible notes due in 2028.

George W Bush to speak at NAPE Expo

Wed, 28 Dec 2011 16:50:00 GMT

Former President George W. Bush has been announced as the keynote speaker at the NAPE Charities Industry Luncheon, Feb. 23, at the George R. Brown Convention Center in Houston.

Sanchez prices IPO at $203M

Wed, 14 Dec 2011 16:30:00 GMT

Sanchez Energy Corp. has priced its initial public offering of 10,000,000 shares of its common stock at $22.00 per share for net proceeds, after underwriting discounts and commissions and estimated offering expenses, of approximately $203 million.

Rosetta Resources to allocate $590M of $640M 2012 budget to Eagle Ford activities

Mon, 12 Dec 2011 17:21:00 GMT

Rosetta Resources Inc. has just announced the approval of its 2012 capital budget of $640 million which includes approximately $590 million allocated for activities in the liquids-rich window of the Eagle Ford shale in South Texas.

Magnum Hunter Resources sees expanded senior bank credit facility

Wed, 07 Dec 2011 14:53:00 GMT

Magnum Hunter Resources Corp. has seen its borrowing base under its $350 million Senior Bank Facilities, which consist of a $250 million Senior Revolving Credit Facility and a $100 million Term Loan Facility, increased by $32.5 million from $167.5 million to $200 million.

Slated for Utica drilling, Chesapeake closes additional $750M in funding

Mon, 05 Dec 2011 15:47:00 GMT

Chesapeake Energy Corp. has closed $1.25 billion of perpetual preferred shares of its wholly owned, unrestricted subsidiary, CHK Utica LLC.

Eagle Ford focused Sanchez Energy commences IPO

Mon, 05 Dec 2011 15:33:00 GMT

Sanchez Energy Corp., an independent exploration and production company focused on the Eagle Ford Shale in South Texas, has commenced an initial public offering of 10,000,000 shares of its common stock.

DJ Basin focused Synergy Resources receives $15M revolving line of credit

Mon, 05 Dec 2011 15:00:00 GMT

Colorado-based Synergy Resources Corp. has increased its $7 million revolving line to a $15 million revolving line of credit with Bank of Choice.

Gulfport plans equity offering to fund Ohio Utica Shale development

Tue, 29 Nov 2011 17:02:00 GMT

To help fund its Utica Shale drilling and development plan, Gulfport Energy Corp. has announced plans to offer five million shares to the public, of which four million will be new shares and one million will be offered by an individual stockholder.

Ecopetrol marks $8.48B for 2012 CAPEX

Wed, 23 Nov 2011 19:02:00 GMT

Ecopetrol reported its approved investment plan for the year 2012 and the update of the strategic plan for the Corporate Group for the 2012-2020 period.

UT Investment Management commits $200M with Post Oak Energy Capital

Thu, 17 Nov 2011 18:05:30 GMT

Post Oak Energy Capital LP has received a $200 million commitment from The University of Texas Investment Management Company in its role as investment manager for the benefit of the University of Texas and Texas A&M University Systems.

TPG Capital forms new venture to acquire onshore natural gas producing properties

Wed, 09 Nov 2011 16:40:50 GMT

TPG Capital has partnered with Dan Allen Hughes Jr. and Thomas M. Hart III to form a new venture, Maverick American Natural Gas, to acquire and operate conventional natural gas producing properties in North America.

Mediterranean O&G enters short term secured loan

Tue, 08 Nov 2011 23:15:00 GMT

Mediterranean O&G has entered into a short term secured loan with affiliates of certain of its substantial shareholders, namely affiliated investment funds of Och-Ziff Capital Management Group, for up to €3.5million.

W&T Offshore gets increase in borrowing base under revolving credit facility

Wed, 26 Oct 2011 15:00:40 GMT

W&T Offshore Inc. said October 24 that it has received an increase in the borrowing base under its revolving credit facility from $537.5 million to $575 million.

STW Resources Holding, CK Investments Energy form JV to treat brackish/produced water sources

Fri, 14 Oct 2011 15:50:00 GMT

STW Resources Holding Corp. has executed a joint venture agreement with CK Investments Energy Co. to commission a proprietary brackish/produced water processing facility in the Permian and Delaware Basins of West Texas.

Germany's KfW bank invests US$130 billion in renewable energy

Fri, 14 Oct 2011 14:50:20 GMT

Germany’s federally-owned KfW banking group is facilitating renewable energy and energy efficiency investments in Germany with EUR 100 billion (over US$130 billion) over the next five years.

PRE Resources, GE Energy Financial partner to buy Rocky Mountain reserves

Thu, 13 Oct 2011 19:30:20 GMT

PRE Resources Inc. is teaming up with GE Energy Financial Services to buy more than 100 producing wells and undeveloped acreage across 29 fields in Wyoming and Colorado.

Saratoga Resources finds Louisiana offers abundant low-risk opportunities

Sat, 01 Oct 2011 05:00:00 GMT

AN INTERVIEW WITH THOMAS COOKE, CHAIRMAN AND CEO, AND ANDY CLIFFORD, PRESIDENT, OF SARATOGA RESOURCES

Unearthing assets: Investigators locate mineral rights owners

Sat, 01 Oct 2011 05:00:00 GMT

Exploration. Digging. Unearthing. Discovery. While these are all methods common to professionals in the oil and gas industry, they are also used by asset recovery firms to locate missing heirs and beneficiaries and to find mineral rights owners who may be unaware they are being sought.

Magnum Hunter Resources closes expanded senior credit facilities

Thu, 29 Sep 2011 16:25:00 GMT

Magnum Hunter Resources Corp. has closed on the previously announced expansion of its Senior Bank Credit Facilities in the amount of $267.5 million.

Bill Barrett announces upsizing, pricing of offering of $400M of senior notes

Wed, 21 Sep 2011 15:45:00 GMT

Bill Barrett Corp. has priced its $400 million aggregate principal amount of 7 5/8% Senior Notes due 2019.

Bill Barrett to offer $300M of senior notes

Tue, 20 Sep 2011 14:55:50 GMT

Forbes Energy Services enters into $75M revolving credit facility with Regions Bank

Wed, 14 Sep 2011 18:25:10 GMT

Independent oilfield services contractor Forbes Energy Services Ltd. has, with certain of its subsidiaries, entered into a five year asset based revolving credit facility with Regions Bank and certain other lenders, which is secured by substantially all of the company's assets.

MarkWest gets expanded, extended credit facility

Mon, 12 Sep 2011 19:10:10 GMT

MarkWest Energy Partners LP has announced the expansion and extension of its senior secured revolving credit facility with a syndicate of banks led by Wells Fargo Securities, LLC and RBC Capital Markets as joint lead arrangers and joint lead bookrunners.

S&P says Obama's call for a national infrastructure bank has wide support

Fri, 09 Sep 2011 20:00:20 GMT

In a speech to a joint session of Congress on Sept. 8, President Obama called for the creation of an independent fund to attract private capital and issue loans as a way to stimulate the economy and create jobs, according to a report from Standard & Poor’s Ratings Services titled “A National Infrastructure Bank Could Support Investment-Grade US Project Finance Ratings.”

Barclays Corporate oil, gas team exceeds 2010 total for global energy deals

Tue, 06 Sep 2011 15:50:50 GMT

Barclays Corporate oil and gas team announces it has provided funding for global energy deals amounting to US$1.26 billion so far this year.

Five States Energy Capital puts up $85M financing for Bakken Shale producer

Thu, 01 Sep 2011 22:10:20 GMT

Five States Energy Capital LLC has closed $85 million in financing for a Bakken Shale producer.

Mutual of Omaha Bank forms energy lending group

Thu, 01 Sep 2011 05:00:00 GMT

As a full-service bank with more than $5 billion in assets, Mutual of Omaha Bank provides financial solutions to individuals and businesses in communities across the US.

Venoco receives 'Going Private' proposal from CEO

Mon, 29 Aug 2011 19:15:40 GMT

The board of directors of Venoco Inc. said Aug. 29 that it has received a non-binding proposal from Timothy M. Marquez, chairman and CEO of the company, to take the company private by acquiring all of the company’s outstanding shares of common stock for $12.50 per share in cash. But is it enough?

Spectraseis wins $3.6 million investment from Credit Suisse

Fri, 19 Aug 2011 22:20:10 GMT

Geosciences firm Spectraseis has received new investment funding of US $3.6 million from SVC-Ltd., a fully-owned subsidiary of Credit Suisse Group.

Quantum Energy Partners creates Bluestem Energy with Jack Hightower

Fri, 19 Aug 2011 21:26:00 GMT

Houston-based private equity firm Quantum Energy Partners has formed Bluestem Energy with industry veteran Jack Hightower as its chairman, president, and CEO.

Morgan Stanley Private Equity, Sterling Energy form partnership

Thu, 11 Aug 2011 18:35:10 GMT

Morgan Stanley Private Equity and Sterling Energy Co. have entered into a strategic partnership whereby Morgan Stanley Private Equity has made a majority equity investment in a newly formed company called Sterling Investment Holdings LLC to support the growth of Sterling Energy’s midstream business in Colorado and North Dakota.

Denham Capital invests $200M in Tradition to target midstream infrastructure need

Wed, 27 Jul 2011 20:20:50 GMT

Energy capital boosts Marcellus Shale midstream infrastructure expansion for Caiman

Wed, 27 Jul 2011 19:25:50 GMT

Caiman Energy LLC, an EnCap Flatrock Midstream portfolio company, has completed the second of two recent financings adding more than $1 billion to help fund its planned expansion of midstream infrastructure in the Marcellus Shale.

Saratoga to list common stock on NYSE Amex

Tue, 19 Jul 2011 18:10:40 GMT

Independent exploration and production company Saratoga Resources Inc. has been approved to list common stock on the NYSE Amex stock exchange.

Dynamic Offshore credits significant GoM growth for new $750M credit facility

Fri, 08 Jul 2011 16:35:00 GMT

Dynamic Offshore Resources LLC has entered into a new four-year, $750 million senior secured credit facility on July 7 with a syndicate of ten banks led by The Royal Bank of Scotland plc.

BPZ Energy enters new $75M debt facility

Thu, 07 Jul 2011 21:35:50 GMT

BPZ Energy has entered into a $75 million senior secured debt financing with Credit Suisse AG Cayman Islands Branch, as Administrative Agent, and a syndicate of lenders.

Mutual of Omaha forms Energy Lending Group

Wed, 06 Jul 2011 15:55:00 GMT

Mutual of Omaha Bank has hired two senior energy lenders and formed a new Houston-based energy lending group to begin deploying capital in the oil and gas industry.

Pioneer Drilling credit facility increased to $250M

Wed, 06 Jul 2011 15:00:00 GMT

Pioneer Drilling Co. Inc. has entered into an amendment and restatement of its existing credit agreement that provides the land drilling services provider with a $250 million, five-year, senior secured revolving credit facility.

Pine Brook names Aube managing director

Wed, 29 Jun 2011 15:05:40 GMT

Pine Brook, a New York-based private equity firm that focuses on the energy and financial services industries, has named Richard Aube as a managing director.

API: Study finds oil, gas assets strong public pension performers

Wed, 29 Jun 2011 11:00:10 GMT

Oil and gas stocks in 17 US states' public pension funds had returns which were 3.4 times their share of total assets from 2005 through 2009, a study commissioned by the American Petroleum Institute showed.

ATP makes $150M preferred stock offering

Wed, 15 Jun 2011 16:05:30 GMT

ATP Oil & Gas Corp. has announced a public offering of approximately $150 million of perpetual preferred stock.

Gastar Exploration revisits capital markets with public stock offering

Wed, 15 Jun 2011 16:05:20 GMT

Gastar Exploration USA Inc. is commencing an underwritten public offering of 600,000 shares of perpetual and non-convertible 8.625% Series A Cumulative Preferred Stock.

Newly formed Crossroads Energy Partners closes debt, equity financings

Wed, 15 Jun 2011 15:25:00 GMT

Crossroads Energy LP recently contributed substantially all of its assets and liabilities into Crossroads Energy Partners LLC. In conjunction, Crossroads obtained financing from D.E. Shaw Direct Capital Portfolios LLC.

Former BP CEO Hayward jumps back into energy biz with $1.6B IPO

Thu, 09 Jun 2011 14:40:20 GMT

Former BP plc CEO Tony Hayward plans to get back into the energy business with plans for a $1.6 billion IPO.

Endeavour to offer $250M senior notes in private placement

Tue, 07 Jun 2011 15:10:00 GMT

Endeavour International Corp. intends to offer $250 million of Senior Notes due 2016 in a private placement.

W&T Offshore launches private offering of senior notes

Fri, 27 May 2011 14:00:00 GMT

W&T Offshore Inc. has launched a private offering of $600 million aggregate principal amount of senior notes due 2019.

Regency Energy Partners to make $500M Senior Notes offering

Mon, 23 May 2011 16:00:00 GMT

Dallas-based Regency Energy Partners LP has announced a public offering of $500 million of its Senior Notes due 2021.

Oil States International to offer $600M of Senior Unsecured Notes

Thu, 19 May 2011 14:05:10 GMT

Oilfield services company Oil States International Inc. intends to offer $600 million in aggregate principal amount of senior unsecured notes due 2019 in a private placement to eligible purchasers.

Petrohawk Energy launches $600M senior notes offering

Tue, 17 May 2011 15:00:00 GMT

Houston-basded Petrohawk Energy Corp. has launched a private offering of $600 million aggregate principal amount of senior notes due 2019.

Kosmos Energy prices IPO shares

Wed, 11 May 2011 16:00:50 GMT

Kosmos Energy Ltd. has priced its initial public offering of 33 million common shares at $18.00 per share.

LINN Energy makes $750M senior notes offering to help fund acquisition

Mon, 09 May 2011 20:20:30 GMT

LINN Energy LLC and its subsidiary, Linn Energy Finance Corp., will begin a private offering to eligible purchasers of $750 million of senior unsecured notes due 2019.

First Reserve broadens energy reach with close of $1.3B infrastructure fund

Thu, 05 May 2011 19:10:00 GMT

First Reserve Corp., a global private investment firm with a single focus in the energy and natural resource industries, has closed its latest fund, First Reserve Energy Infrastructure Fund LP .

Saratoga Resources announces offering of senior secured notes

Tue, 03 May 2011 18:30:30 GMT

Houston-based Saratoga Resources Inc. said May 3 that it plans to offer, subject to market and other conditions, up to $150 million of first lien senior secured notes.

Bridging valuation gaps for undeveloped and unproven reserves

Sun, 01 May 2011 05:00:00 GMT

Valuations of petroleum reserves can often be relatively straightforward. The petroleum industry was one of the first major industries to widely adopt the discounted cash flow (DCF) method to value assets and projects — in particular oil and gas reserves.

BDT Capital Partners buys stake in energy investment bank Tudor Pickering

Thu, 28 Apr 2011 19:30:50 GMT

BDT Capital Partners and former Murphy Oil CEO Claiborne Deming have invested an aggregate of $110 million in Houston-based energy investment and merchant banking firm Tudor, Pickering, Holt & Co.

Nabors Industries enters $550M credit facility

Thu, 21 Apr 2011 16:15:30 GMT

Oil and gas driller Nabors Industries Ltd. has entered into a new $550 million unsecured revolving credit facility.

Secured by newly acquired assets, Magnum Hunter closes on new $250M credit facility

Thu, 14 Apr 2011 15:45:40 GMT

Recently strengthened by assets acquired in various transactions, Magnum Hunter Resources Corp. has closed on its new, previously-announced revolving credit facility with BMO Capital Markets.

Covington advises SandRidge Energy on royalty trust public offering

Wed, 13 Apr 2011 14:35:50 GMT

SandRidge Mississippian Trust I has announced the closing of its public offering of 17.25 million common units of beneficial interest, at a price per unit of $21.00. The 17.25 million units represent an approximately 62% beneficial interest in the Trust.

Private equity fund-raising rebounds in US and Europe

Mon, 11 Apr 2011 15:05:30 GMT

Driven by a small number of funds that held large closes, US and European private equity fund-raising rebounded in 2011.

Sweden's PA Resources issues five-year bond loan

Thu, 31 Mar 2011 14:55:50 GMT

The oil and gas company PA Resources AB has issued a five year, unsecured bond loan of NOK 900 million (US$161 million). The company’s headquarters are in Stockholm.

SandRidge launches IPO

Wed, 30 Mar 2011 16:00:00 GMT

SandRidge Mississippian Trust I, formed by SandRidge Energy Inc., has launched an initial public offering (IPO) of 12.5 million common units, representing an approximately 45% beneficial interest in the trust, including 1.875 million common units that may be purchased at the option of the underwriters.

APICORP partners with IFC to co-finance Arab-owned energy projects in developing countries

Mon, 28 Mar 2011 22:36:00 GMT

In a move that widens its role as a multilateral development bank, the Arab Petroleum Investments Corporation (APICORP) said March 28 that it has signed the Accession Agreement to the International Finance Corporation’s (IF) Master Cooperation Agreement (MCA).

BB&T hires energy lending group

Wed, 09 Mar 2011 15:55:50 GMT

BB&T has hired a six-member energy lending team based in Houston, Texas, to focus on oil and gas production and midstream companies.

Clayton Williams plans $300M senior notes offering

Mon, 07 Mar 2011 18:05:30 GMT

Independent exploration and production company Clayton Williams Energy Inc. has announced plans for a $300 million senior notes offering due 2019.

LUKOIL fights cash flow, declining production as it signs gas supply agreement with Gazprom

Fri, 04 Mar 2011 19:00:10 GMT

OAO LUKOIL, Russia’s largest oil company, and OAO Gazprom signed a gas supply agreement under which gas will be supplied from LUKOIL’s fields in the Bolshekhetskaya Depression, the Yamalo-Nenets Autonomous District and from the north of the Caspian Sea.

SandRidge Energy's $900M offering could increase liquidity by $192M

Fri, 04 Mar 2011 16:25:50 GMT

Oklahoma City-based SandRidge Energy Inc. increased its previously announced private placement offering of Senior Notes from $700 million to $900 million, potentially increasing the company’s liquidity by approximately $192 million.

Continental Resources issues new equity, further accelerates 2011 production growth

Wed, 02 Mar 2011 17:05:20 GMT

Continental Resources Inc. has set a new capital expenditures budget for 2011 heavily weighted with Bakken Shale plans, altered its guidance, and launched a public offering.

CIT to redeem additional $500 million of 2013 Series A Notes

Tue, 01 Mar 2011 15:40:10 GMT

CIT Group Inc. , a provider of financing to small businesses and middle market companies, will redeem an additional $500 million of its 7% Series A Second Lien Notes maturing in 2013.

How to commercialize new technology

Tue, 01 Mar 2011 06:00:00 GMT

If you've ever had an idea for a great new invention for the oil industry but wondered how to get the financial backing you need to produce and market it, you should have been in Houston on Feb. 9.

Chesapeake Energy prices $1 billion public offering to aid debt reduction

Wed, 09 Feb 2011 15:55:40 GMT

As part of its 2011 liability management program to reduce debt, Chesapeake Energy Corp. has priced its previously announced public offering of $1.0 billion principal amount of Senior Notes.

Private placement to partially fund Bakken, Niobrara ops for Voyager

Tue, 08 Feb 2011 16:10:10 GMT

Voyager Oil & Gas has closed on its previously announced private placement for gross proceeds of $50 million.

Kinder Morgan plans $2.2 billion IPO

Fri, 04 Feb 2011 16:00:00 GMT

Kinder Morgan Holdco LLC, the parent company of Kinder Morgan has started an initial public offering (IPO) of 80,000,000 shares and is expected to raise nearly $2.2 billion.

BPZ Energy sets $50M capital expenditures plan for 2011

Wed, 02 Feb 2011 16:20:40 GMT

BPZ Resources Inc. has set its 2011 capital expenditures plan at roughly $50 million. The company plans continued development of its assets in northwest Peru.

EnCap raises $3.5B private equity fund for capital to upstream oil, gas sector

Mon, 31 Jan 2011 21:25:50 GMT

EnCap Investments LP, an oil and gas private equity firm with offices in Houston and Dallas, has closed EnCap Energy Capital Fund VIII LP, with $3.5 billion of limited partner capital commitments.

Energy private equity firm Pine Brook Road Partners promotes Levin to VP

Fri, 28 Jan 2011 15:45:10 GMT

Pine Brook Road Partners LLC, a New York-based private equity firm focused on energy and financial services businesses, has named Gary Levin vice president.

Petrobras issues US$6B in Global Notes

Thu, 27 Jan 2011 22:25:10 GMT

Petrobras has concluded a US$6 billion issuance of 5, 10, and 30 year notes in the international capital markets.

BPZ Energy closes $40M secured debt financing

Thu, 27 Jan 2011 22:15:10 GMT

BPZ Resources Inc. and its subsidiaries have closed a $40 million secured debt financing with Credit Suisse AG.

PFC Energy rankings: ExxonMobil regains top spot, Petrobras climbs to No. 3

Mon, 24 Jan 2011 22:40:20 GMT

On Jan. 24, PFC Energy, an advisor and consultant to the global energy industry, released its rankings of the 50 largest energy companies based on market capitalization, and ExxonMobil took the No. 1 position on the list after falling behind PetroChina last year.

Merriman Capital sponsors Primary Petroleum on OTCQX

Mon, 24 Jan 2011 22:30:10 GMT

San Francisco-based Merriman Capital Inc., a wholly owned subsidiary of Merriman Holdings Inc., said Jan. 24 that it will serve as the Principal American Liaison (PAL) for Primary Petroleum Corporation as it lists on the OTCQX marketplace.

Merriman Capital sponsors Primary Petroleum on OTCQX

Mon, 24 Jan 2011 22:20:30 GMT

Laredo Petroleum sells $350M of senior notes

Mon, 24 Jan 2011 17:00:50 GMT

Independent oil and gas company Laredo Petroleum Inc. has sold $350 million of senior unsecured notes to eligible purchasers in the private placement market.

Financing in the wake of SemGroup

Mon, 24 Jan 2011 06:05:30 GMT

SemGroup LP, a highly-leveraged oil and gas transporter and marketer that purchased oil and gas at the wellhead, was the 18th largest private company in the nation when it filed for bankruptcy in 2008. Since then, the availability of cost-effective, asset-based financing for other First Purchasers has become increasingly limited.

XOG LLC secures $50M equity commitment

Fri, 21 Jan 2011 23:00:50 GMT

Houston-based XOG LLC, an independent oil and natural gas company, has received a $50 million equity commitment from Kayne Anderson Energy Funds and management.

ONEOK Partners announces $1.3B notes offering

Fri, 21 Jan 2011 20:50:30 GMT

Tulsa-based ONEOK Partners LP announced Jan. 21 that it has priced an offering to sell $1.3 billion of senior notes, consisting of $650 million of five-year senior notes at a coupon of 3.25% and $650 million of 30-year senior notes at a coupon of 6.125%.

Eclipse Resources founded with $150M equity commitment

Fri, 21 Jan 2011 15:30:10 GMT

Benjamin W. Hulburt and Christopher K. Hulburt, former senior executive officers of Rex Energy Corp., have formed Eclipse Resources I, LP, an independent oil and natural gas company headquartered in State College, Pa., with a $150 million equity commitment from EnCap Investments LP and from Eclipse management.

Petrohawk increases private offering to $400 million

Mon, 17 Jan 2011 16:05:10 GMT

Petrohawk Energy Corp. has increased the size of its previous private offering of its outstanding series of 7 1/4% senior notes price from $300 million to $400 million as of Friday, January 14.

Petrohawk makes $300M private offering of senior notes due 2018

Fri, 14 Jan 2011 17:10:50 GMT

Petrohawk Energy Corp. has commenced a private offering of $300 million of 7-1/4% senior notes due 2018.

Valero invests $50M in Michigan biofuels refinery

Thu, 13 Jan 2011 14:50:40 GMT

San Antonio-based Valero Energy Corporation, the nation’s largest independent oil refiner, said Jan. 13 it has invested in Mascoma Corporation, an innovative biofuels company.

Avista Capital Partners to support Celtique Energie growth in Europe

Wed, 12 Jan 2011 15:50:30 GMT

Celtique Energie Holdings Ltd., a London-based exploration and production company, has entered into an agreement with private equity firm Avista Capital Partners and affiliates of a wealthy European family to provide an equity commitment up to $100 million.

Hess sets $5.6 billion capex budget for 2011

Fri, 07 Jan 2011 21:35:30 GMT

New York-based Hess Corporation announced its 2011 capital and exploratory budget of $5.6 billion on Jan. 7, nearly all of which is targeted for exploration and production: $3.1 billion for production, $1.6 billion for developments, and $900 million for exploration.

W&T Offshore sets $310M budget for 2011

Wed, 05 Jan 2011 17:20:00 GMT

W&T Offshore announced its 2011 capital plan of $310 million excluding acquisitions. Increasing target price to $16.50 and adjusting eps estimates on revised production expectations, including recent acquisitions.

Miller Energy Resources secures $5M to expand Alaska ops

Mon, 03 Jan 2011 15:45:50 GMT

Oil and natural gas exploration, production, and drilling company Miller Petroleum Inc. dba Miller Energy Resources has been granted a $5 million line of credit by PlainsCapital Bank in anticipation of larger, permanent facility.

Private equity providers to oil and gas industry

Sat, 01 Jan 2011 06:00:00 GMT

CIT to redeem $500M of Series A notes

Thu, 30 Dec 2010 15:00:00 GMT

CIT Group Inc. will redeem $500 million of its 7% Series A Second Lien Notes maturing in 2013.

Canacol Energy sets 2011 CAPEX budget of $106M

Wed, 29 Dec 2010 16:05:30 GMT

Canacol Energy Ltd. announced a 2011 CAPEX budget of US$106 million for exploration and development activities in Colombia, Guyana, and Brazil.

Crimson Exploration refinances second lien facility

Tue, 28 Dec 2010 20:10:40 GMT

Crimson Exploration expanded its second lien facility and extended its maturity by three years.

Young Energy Prize to help fund Evans Shoal agreement for Magellan Petroleum

Mon, 27 Dec 2010 18:15:40 GMT

On December 24, Magellan Petroleum Corp. announced it had received and accepted a legally binding commitment from its largest shareholder, Young Energy Prize s.a., to provide the necessary funds required for MPET's Australian subsidiary to close out the acquisition from Santos of a 40% ownership interest in the Evans Shoal natural gas field in the Bonaparte Basin offshore Northern Territory Australia.

Magnum Hunter Resources to acquire NGAS Resources

Mon, 27 Dec 2010 17:05:50 GMT

NGAS Resources Inc. has announced a definitive agreement to be acquired by Magnum Hunter Resources Corp. in an all-stock transaction valued at roughly $98 million.

Oil price prediction: $100 in 1Q and $150 by summer

Sun, 26 Dec 2010 22:30:50 GMT

The price of a barrel of crude oil could soar to nearly $150 a barrel by summer, according to Joe Petrowski, CEO of Gulf Oil and the Cumberland Gulf Group. Petrowski made the statement on a CNBC program on Dec. 23.

EXCO Resources acquires Marcellus Shale properties from Chief

Wed, 22 Dec 2010 14:40:10 GMT

Dallas-based EXCO Resources Inc. said Dec. 22 it will buy properties prospective for the Marcellus Shale from Chief Oil & Gas LLC and related parties for about $459.4 million, after preliminary purchase price adjustments at the closing.

Chesapeake shares surge as investor Carl Icahn doubles stake in company

Tue, 21 Dec 2010 16:25:20 GMT

Shares in Chesapeake Energy Corp. have surged in recent days after word got out that billionaire investor Carl Icahn had boosted his stake in the company.

Total acquires an interest in Elevance Renewables

Tue, 21 Dec 2010 14:50:30 GMT

France’s Total has purchased an interest in Elevance Renewables Sciences Inc., a Chicago-based company developing a technology to convert renewable oils, such as vegetable oils, into low-cost and high-value performance chemicals.

UTEX Industries acquired by Rhone Capital

Mon, 20 Dec 2010 17:30:40 GMT

On Dec. 15, UTEX Industries, a portfolio company of Audax Group, was acquired by Rhone Capital.

Magnum Hunter to build gas plant in West Virginia

Mon, 20 Dec 2010 14:30:10 GMT

Houston-based Magnum Hunter Resources said Dec. 17 that it will construct a 200-MMcf per day capacity cryogenic natural gas processing plant in West Virginia.

Shares of QR Energy begin trading on NYSE

Fri, 17 Dec 2010 22:05:20 GMT

Shares of QR Energy LP began trading at $19.68 at mid-morning on Dec. 17 on the New York Stock Exchange, slightly below the $20 IPO price. By the end of the day, shares had fallen 2% to $19.60.

Energy XXI closes deal with ExxonMobil for GoM shelf properties

Fri, 17 Dec 2010 19:50:10 GMT

Yorkville Advisors participates in equity placement completed by Sound Oil Plc

Fri, 17 Dec 2010 17:00:00 GMT

Energy law firm Burleson Cooke names Cagle partner

Thu, 16 Dec 2010 16:00:50 GMT

Kim S. Cagle has been named a partner of energy law firm Burleson Cooke.

RigNet prices IPO

Thu, 16 Dec 2010 15:00:20 GMT

Oilfield communications company RigNet Inc. has made an initial public offering of 5,000,000 shares of its common stock at $12.00 per share.

Navix raises $300M energy fund

Wed, 15 Dec 2010 16:30:20 GMT

Navix de Mexico SA de CV, SOFOM, E.N.R. (Navix), has closed the Fondo de Inversión en el Sector Energético (FISE), a private debt fund with roughly US$320 million in net placement proceeds.

Regency Energy to expand midstream assets in Eagle Ford shale

Tue, 14 Dec 2010 21:30:40 GMT

Regency Energy Partners LP has announced a series of expansion projects along its rich gas gathering system in south Texas to meet increasing producer demand in the Eagle Ford Shale.

Global Hunter Securities closes 5 deals exceeding $418 million

Mon, 13 Dec 2010 18:50:00 GMT

Global Hunter Securities said Dec. 13 it has closed five separate transactions for four different clients at the end of November, totaling $418.8 million.

Second Eagle Ford well outperforms first for Goodrich Petroleum

Mon, 13 Dec 2010 18:20:40 GMT

Houston-based Goodrich Petroleum recently announced results on its second Eagle Ford shale well, established a 2011 preliminary capital expenditure budget, and issued production guidance for 2011.

LINN Energy prices 10M unit offering at $35.92

Thu, 09 Dec 2010 21:30:10 GMT

LINN Energy LLC plans to sell 10 million units in a public offering expected to raise between $344 million and $396 million.

ATP enters second round of Titan-related financing

Tue, 07 Dec 2010 16:45:00 GMT

ATP Oil & Gas Corp. has entered the second round of financing related to the ATP Titan in the amount of $100 million.

Diamond Castle Holdings invests in Professional Directional Enterprises

Mon, 06 Dec 2010 23:00:00 GMT

Diamond Castle Holdings LLC has invested in Professional Directional Enterprises Inc., a large independent provider of directional and horizontal drilling services to oil and natural gas exploration and production companies.

CIT appoints Quinlan executive vice president, banking

Mon, 06 Dec 2010 21:10:40 GMT

CIT Group Inc. has named Raymond J. Quinlan as executive vice president, banking. He will report to chairman and CEO John A. Thain.

Questar CFO Craven to retire; Hadlock named executive VP, CFO

Thu, 02 Dec 2010 17:20:30 GMT

Martin Craven, vice president and CFO of Questar Corp. has elected to retire, effective March 1, 2011. Kevin W. Hadlock has been named executive vice president and will succeed Craven as CFO, effective January 1, 2011.

Macquarie names Hassen chairman of global oil and gas banking

Wed, 01 Dec 2010 21:00:10 GMT

Macquarie Group has named Thomas E. Hassen chairman of Global Oil and Gas banking for Macquarie Capital. Hassen has over 30 years of experience in investment banking, specializing in the energy sector.

E.ON sells $4.4B stake in Gazprom

Wed, 01 Dec 2010 19:00:00 GMT

Düsseldorf, Germany-based E.ON AG has sold the 3.5% stake in Gazprom held by its subsidiary E.ON Ruhrgas.

BPZ brings Corvina oil field into commercial production

Wed, 01 Dec 2010 17:45:40 GMT

BPZ Resources Inc. has placed the Corvina oil field, located in offshore Block Z-1 in northwest Peru, into commercial production.

Lamoreaux joins new Siemens Financial energy finance office

Wed, 01 Dec 2010 06:00:00 GMT

Siemens Financial Services Inc. (SFS Inc.), the US unit of Siemens Financial Services, has appointed Scott Lamoreaux as vice president, Energy Finance.

Energy XXI to offer $700M Senior Notes to help finance ExxonMobil asset buy

Tue, 30 Nov 2010 16:20:50 GMT

To help finance its recent acquisition of certain Gulf of Mexico shelf assets from ExxonMobil, Energy XXI Gulf Coast Inc., the operating subsidiary of Energy XXI (Bermuda) Ltd. intends to offer up to $700 million aggregate principal amount of senior notes due 2017 in a private placement.

Korea buys shares from Osum Oil Sands

Mon, 29 Nov 2010 17:00:40 GMT

Osum Oil Sands Corp., a privately held Alberta based company, has entered into an agreement to issue to a wholly-owned subsidiary of Korea Investment Corp. 7,692,308 common shares at $13.00 per share for gross proceeds of $100 million.

EXCO plans $976M budget for 2011

Mon, 29 Nov 2010 16:40:50 GMT

EXCO Resources plans to spend $768.9 million on drilling and completions in 2011 as part of a $976.2 million total budget.

TTS signs US$76 drilling equipment contract with DSIC Offshore

Mon, 29 Nov 2010 15:35:00 GMT

TTS Energy, part of TTS Group, has signed a contract with DSIC Offshore in Dalian, China for two Drilling Equipment Packages. The contract, which is subject to financing, has a value of roughly US$76 million.

Apache makes corporate leadership changes

Mon, 22 Nov 2010 23:35:20 GMT

Apache Corp. has made changes in the leadership of its corporate and financial teams.

Societe Generale adds Herrlin to head US Energy Research

Fri, 19 Nov 2010 20:30:00 GMT

Societe Generale Corporate & Investment Banking has hired John P. Herrlin Jr. to head its oil and gas equity research in the US.

Dejour closes CAD$2M institutional investment

Fri, 19 Nov 2010 12:00:50 GMT

Dejour Enterprises Ltd. has raised CAD$2 million (roughly US$1.9 million) selling 7,142,858 common shares and 4,642,858 share purchase warrants to a New York-based institutional investor.

Eagle Oil retains Petro Lucre to provide merger, acquisition advisory services

Thu, 18 Nov 2010 17:20:30 GMT

Eagle Oil Holding Co. Inc. has retained Petro Lucre LLC to provide merger and acquisition advisory services.

Murphy joins Northern Tier Energy as CFO

Thu, 18 Nov 2010 15:00:10 GMT

Northern Tier Energy LLC has named Neal E. Murphy as its CFO.

Newfield buys Marcellus acreage from transitioning EOG Resources

Tue, 16 Nov 2010 17:00:10 GMT

Newfield Exploration Co. has agreed to purchase nearly 50,000 net acres in the Marcellus Shale from EOG Resources Inc. for $405 million, or $8,100 an acre.

New management consulting firm opens in Houston

Mon, 15 Nov 2010 20:00:40 GMT

Three ex-Big Four partners and directors have formed Trenegy Inc., a full service consulting firm in Houston. Gordon Sorrells, Bill Aimone, and Peter Purcel founded Trenegy to provide consulting services to growing middle market companies.

Swift increases public offering, announces 2011 CAPEX plans

Mon, 15 Nov 2010 18:00:20 GMT

Houston-based oil and gas producer Swift Energy has increased the size of its previously announced public offering and announced its preliminary 2011 capital expenditure plans.

Weatherford approved for Swiss Exchange listing

Fri, 12 Nov 2010 20:05:30 GMT

The Swiss Exchange (SIX) has approved the listing and trading of shares of Weatherford starting 17 November 2010, under the stock ticker WFT.

Cheniere signs MOU with Morgan Stanley

Wed, 10 Nov 2010 16:45:00 GMT

Cheniere Energy Partners LP said Nov. 8 that its subsidiary, Sabine Pass Liquefaction LLC has entered into a non-binding memorandum of understanding (MOU) with Morgan Stanley Capital Group Inc. in connection with the potential acquisition by Morgan Stanley of certain import capacity and approximately 20% of a proposed 7.0 million tonnes per annum (mtpa) of LNG liquefaction capacity at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana.

Shell to sell Australian assets for $3.3 billion

Wed, 10 Nov 2010 16:10:10 GMT

Shell has agreed to sell part of its stake in Australia’s Woodside Petroleum Ltd. to equity investors for US$3.3 billion.

Antero Resources closes Oklahoma Midstream sale to Cardinal

Mon, 08 Nov 2010 17:05:40 GMT

Antero Resources has closed the sale of its midstream assets, located in the Woodford Shale area, to Cardinal Midstream LLC for $270 million.

BPZ Resources engages Credit Suisse as financial advisor

Fri, 05 Nov 2010 15:35:20 GMT

BPZ Resources Inc. has engaged Credit Suisse Securities (USA) LLC as its financial advisor to assist in pursuing joint venture partnerships, and/or farm-outs for some or all of the company's assets, and options for financing its operations in northwest Peru.

Antero Resources enters new $1B revolving credit facility

Thu, 04 Nov 2010 16:10:10 GMT

Antero Resources has entered into a new $1 billion revolving credit facility with a 13-bank syndicate led by JP Morgan Securities LLC and Wells Fargo Securities LLC as Joint Lead Arrangers and Joint Lead Bookrunners.

Gulf Coast Energy Resources receives capital infusion from Warburg Pincus

Wed, 03 Nov 2010 20:25:20 GMT

Gulf Coast Energy Resources LLC, a privately-held company focused on conventional onshore oil and gas plays, has received an investment commitment of up to $250 million from private equity firm Warburg Pincus and the management team.

Siemens Financial opens energy finance office in Houston

Wed, 03 Nov 2010 17:00:00 GMT

Siemens Financial Services Inc. has appointed Scott Lamoreaux as vice president, Energy Finance.

GE gets in on natural gas boom with Dresser acquisition

Mon, 01 Nov 2010 05:00:00 GMT

Addison, Tex.-based Dresser Inc., majority-owned by private equity firms Riverstone Holdings LLC and First Reserve Corp., has agreed to be acquired by GE for $3 billion.

Endeavour mourns loss of Thomas Clark

Mon, 01 Nov 2010 05:00:00 GMT

Thomas D. Clark, Jr., a member of the board of directors at Endeavour International Corp., died October 9, 2010. Clark had served as a director of the corporation since 2006, most recently as chairman of the company's Nominating and Governance Committee and as a member of the Technology and Reserves Committee.

Considering CapEx investments in a time of unusual uncertainty

Mon, 01 Nov 2010 05:00:00 GMT

"The assumption that current best practices will give us the predictability we need must be replaced with a fresh approach that recognizes capital predictability, not as a problem to be solved, but instead as a variable to be continuously managed."

M&A activity still snail-like, but picks up a little in October

Mon, 01 Nov 2010 05:00:00 GMT

Domestic upstream M&A deals have been rather slow the past few months, but the 30-day period from mid-September to mid-October included a few more transactions than we've had in recent months.

Considering CapEx investments in a time of unusual uncertainty

Mon, 01 Nov 2010 05:00:00 GMT

Energy XXI prices concurrent offerings near $500 million

Fri, 29 Oct 2010 19:55:30 GMT

Energy XXI has priced its previously announced concurrent offerings of $249 million (12 million shares) of its common stock and $250 million (1 million shares) of 5.625% convertible perpetual preferred stock.

Maven, Simmons invest £5.5million in subsea specialist flexlife

Fri, 29 Oct 2010 16:05:40 GMT

Maven Capital Partners and Simmons Parallel Energy (SPE) have invested £5.5million in growth equity to subsea specialist flexlife.

Taylor-DeJongh, Phoenix Capital launch Washington-Baghdad financial services firm

Thu, 28 Oct 2010 14:00:10 GMT

Taylor-DeJongh, an energy and infrastructure investment banking firm, and Phoenix Capital LLC, a Baghdad-based investment bank, have entered into a strategic partnership to create the first Washington-Baghdad financial services firm.

EnerVest to buy Barnett shale assets from Talon

Wed, 27 Oct 2010 19:10:30 GMT

Houston-based EnerVest Ltd. has entered the Barnett shale with an agreement to purchase oil and natural gas assets from privately held Talon Oil & Gas LLC for $967 million.

Berry Petroleum to offer $300M senior notes to fund Permian Basin acquisition

Wed, 27 Oct 2010 14:35:10 GMT

Berry Petroleum Co. plans to publicly offer $300 million aggregate principal amount of senior notes due 2020 to fund the company's recent acquisition in the Wolfberry trend of West Texas.

Venezuela, Iran sign deal to develop giant South Pars gas field

Mon, 25 Oct 2010 16:00:00 GMT

The oil minister of Venezuela has agreed to invest US$780 million to help develop Phase 12 of the huge South Pars gas field in Iran. The deal is expected to be signed in three months, according to Hamad Akbari, the project manager of Phase 12 .

GE introduces loans for development drilling

Mon, 25 Oct 2010 14:00:00 GMT

GE Energy Financial Services, a unit of GE, is expanding its oil and gas reserves investing business by offering loans for development drilling.

Seadrill to sell up to $650M convertible bond

Fri, 22 Oct 2010 20:05:40 GMT

Offshore deepwater drilling company Seadrill Ltd. is expected to close the orderbook on a US$650 million, fully subscribed, convertible bonds offer.

Tullow gains another $350M for debt funding

Mon, 18 Oct 2010 16:10:50 GMT

Tullow Oil plc has finalized and closed arrangements for an increase of US$350 million to its existing US$250 million corporate revolving credit facility, with the amended facility commitments now totaling US$600 million in aggregate.

Low-risk, high-return development wells help fund Energy XXI's ultra-deep prospects

Mon, 18 Oct 2010 05:00:00 GMT

AN INTERVIEW WITH JOHN D. SCHILLER JR., CHAIRMAN AND CEO, ENERGY XXI

McClendon says no more major shale discoveries in the US

Fri, 15 Oct 2010 17:05:10 GMT

Aubrey McClendon, chairman, CEO, and founder of Chesapeake Energy, one of the first oil and gas producers to develop shale gas properties in the United States, says the “discovery bonanza” in the US is over and that investors shouldn’t expect major new shale discoveries.

Flat or softer market conditions expected in the energy insurance market for the next year

Thu, 14 Oct 2010 15:50:50 GMT

A poll of delegates at Aon's 10th Middle East Energy Conference found that 41% expect premium prices in the energy insurance market to remain flat for the next 12 months. A further 37% expect prices to decline slightly.

Chazen to succeed Irani as Oxy CEO in 2011

Thu, 14 Oct 2010 14:35:40 GMT

There are significant changes on the horizon for Occidental Petroleum Corp. including the pending retirement of the company’s CEO, Dr. Ray R. Irani, and plans to reduce the company’s overall executive compensation levels.

TPG Capital forms Petro Harvester to acquire conventional oil, gas assets

Wed, 13 Oct 2010 20:15:30 GMT

Private investment firm TPG Capital has formed a new venture, Petro Harvester Oil & Gas LLC, to invest in oil and gas producing properties in North America, starting with the Mississippi Salt Basin assets of Comstock Resources.

Hunton & Williams LLP expands energy, project finance practice

Mon, 11 Oct 2010 20:50:00 GMT

Hunton & Williams LLP has expanded its energy and project finance practice with the addition of Gregory F. Lang and Michael J. Madden as partners in the New York office. The two have a diversified transactional practice focused on project finance, private equity M&A, project development and leasing.

Niobrara the next Eagle Ford?

Fri, 08 Oct 2010 16:40:40 GMT

Investors will continue to abandon natural gas sensitive areas and refocus on oil, specifically the Niobrara, noted a September 29 report from Jefferies & Co. Inc.

Acon Investments, TPG Capital to buy Marathon's Minnesota downstream assets

Wed, 06 Oct 2010 18:20:20 GMT

Private equity firms ACON Investments and TPG Capital have signed definitive agreements with Marathon Oil Corp. to acquire the majority of Marathon’s Minnesota downstream assets valued at $900 million.

GE gets in on natural gas boom with Dresser acquisition

Wed, 06 Oct 2010 18:00:20 GMT

Global energy infrastructure technology and service provider Dresser Inc., majority-owned by private equity firms Riverstone Holdings LLC and First Reserve Corp., has agreed to be acquired by GE for $3 billion.

After Turkish asset acquisition, TransAtlantic Petroleum looks to raise $85M in direct offering

Tue, 05 Oct 2010 16:55:10 GMT

On the heels of its recent acquisition of Turkish oil and gas assets from Amity and Petrogas, TransAtlantic Petroleum Ltd. is looking to raise nearly US$85 million from investors.

CIT to redeem $860M in Series B notes

Tue, 05 Oct 2010 13:05:50 GMT

On the heels of last month's announcement to redeem all of its outstanding 10.25% Series B Second Lien Notes maturing in 2013 and 2014, CIT Group Inc. announced today that it will redeem all of its outstanding 10.25% Series B Second Lien Notes maturing in 2015 and 2016.

Barclays to buy $1.15B in Barnett shale assets from Chesapeake

Mon, 04 Oct 2010 16:45:40 GMT

Chesapeake Energy has sold a five-year VPP in the Barnett shale to Barclays Bank for $1.15 billion. The asset sale adds to near-term liquidity, but as noted by Jefferies & Co., also adds a layer of uncertainty for investors.

EV Energy Partners closes Petrohawk mid-continent property acquisition

Fri, 01 Oct 2010 21:45:20 GMT

Gulf United Energy names Connally CEO

Fri, 01 Oct 2010 21:00:00 GMT

Gulf United Energy Inc. has named John B. Connally III as chairman of the board, president, and CEO.

New world of disclosure for energy companies?

Fri, 01 Oct 2010 05:00:00 GMT

In many ways, the first half of 2010 has been a perfect storm for companies in the business of exploring for and producing hydrocarbons.

OGFJ100P company update

Fri, 01 Oct 2010 05:00:00 GMT

Independent research firm IHS Herold Inc. has provided OGFJ with updated production data for our periodic ranking of US-based private E&P companies.

Ghana

Fri, 01 Oct 2010 05:00:00 GMT

The discovery of Jubilee off the coast of Ghana is a business opportunity with a cascade effect on the rest of the economy.

Unexpected killers of your international energy deal

Fri, 01 Oct 2010 05:00:00 GMT

An unexpected crisis can kill an international energy project. Some crises are predictable, such as a breach of contract by a critical vendor.

Ghana

Fri, 01 Oct 2010 05:00:00 GMT

The discovery of Jubilee off the coast of Ghana is a business opportunity with a cascade effect on the rest of the economy.

APICORP set to issue SAR-denominated benchmark bond

Wed, 29 Sep 2010 13:40:50 GMT

The Arab Petroleum Investments Corp., a multilateral development bank owned by the ten member states of the OAPEC, plans to issue a Saudi Arabian Riyal-denominated benchmark-sized bond to raise funds for expanding the organization’s equity and loan portfolios.

W.A. Williamson joins Growth Capital Partners as managing director

Tue, 28 Sep 2010 17:30:10 GMT

W.A. "Buster" Williamson has joined Growth Capital Partners as managing director of the Southwest Mezzanine Investments (SMI) II Fund.

King & Spalding expands energy practice with Singapore office

Tue, 28 Sep 2010 14:20:50 GMT

Continuing the expansion of the firm's global footprint and the deepening of its energy projects and international arbitration practices, King & Spalding has opened an office in Singapore, having received all necessary Singapore Government clearances to establish a foreign law practice.

GlassPoint secures funding for solar Enhanced Oil Recovery

Mon, 27 Sep 2010 19:40:10 GMT

GlassPoint Solar, a provider of solar steam generators for enhanced oil recovery, has received $3.5 million in a financing round led by Chrysalix Energy Venture Capital. The funding will accelerate the commercialization of GlassPoint’s solar steam technology and will finance the deployment of a solar EOR demonstration plant in Bakersfield, Calif.

ATP monetizes ATP Titan with formation, funding of ATP Titan LLC

Mon, 27 Sep 2010 17:00:00 GMT

ATP Oil & Gas Corp. has formed ATP Titan LLC to monetize its investment in the ATP Titan. The ATP Titan is a new US-built floating production facility that began production operations at ATP's deepwater Telemark Hub in March 2010.

Misguided Marcellus Shale tax would cost Pennsylvania

Mon, 27 Sep 2010 14:05:50 GMT

A commentary by the Marcellus Shale Coalition on the proposed tax on Marcellus Shale producers.

TIBCO Software acquires OpenSpirit

Thu, 23 Sep 2010 23:10:30 GMT

TIBCO Software Inc. has acquired OpenSpirit Corp., an independent provider of data and application integration solutions for the exploration and production segment of the global oil and gas market.

PXP to sell shallow water GoM assets to McMoRan for $818M

Mon, 20 Sep 2010 17:00:00 GMT

In early August PXP announced its intent to reduce its Gulf of Mexico exposure and related capital spending. Recently the company agreed to sell certain of its shallow Gulf of Mexico properties to McMoRan Exploration Co. for a combination of cash and stock totaling $818 million.

Brigham offers $250M in Senior Notes

Thu, 16 Sep 2010 15:35:10 GMT

Weatherford offers $700M in Senior Notes

Thu, 16 Sep 2010 14:30:10 GMT

Oilfield products and services company Weatherford International Ltd. has commenced a $700 million offering of senior notes.

Transocean to make Senior Notes offering

Thu, 16 Sep 2010 13:20:40 GMT

Transocean Ltd. has announced a proposed public offering of senior notes of its wholly-owned subsidiary, Transocean Inc. Transocean Ltd. expects to fully and unconditionally guarantee the senior notes.

Athabasca Oil Sands to acquire Excelsior Energy

Mon, 13 Sep 2010 19:45:10 GMT

Athabasca Oil Sands Corp. has entered into an agreement to purchase all of the issued and outstanding shares of early stage oil sands company Excelsior Energy Ltd. for C$144 million with an attributed value to Excelsior’s oil sands assets and proprietary technology of roughly C$89 million.

Yergin: Availability of Investment is Key to Meeting Accelerating Growth of Energy Demand

Mon, 13 Sep 2010 18:15:40 GMT

As the world puts the economic downturn behind, it will face a major challenge of meeting substantial growth in world demand, said Daniel Yergin, chairman of IHS CERA, in the opening address to the World Energy Congress in Montreal.

Logica promotes Strasner to CEO

Mon, 13 Sep 2010 18:05:00 GMT

Logica, a business and technology services company, has promoted Josh Strasner to CEO of the company’s operations in North America. He joined Logica in March 2008 as senior vice president of sales.

Madison Williams initiates coverage of US exploration, production industry

Fri, 10 Sep 2010 15:00:40 GMT

Madison Williams and Co., a New York-based integrated capital markets and investment banking firm, has initiated coverage of the US Exploration & Production Industry under senior equity research analyst Andrew Coleman.