Baytex intends to use the proceeds to pay a portion of outstanding debt on its credit facilities and general corporate purposes.
Viper Energy will not receive any of the gross proceeds from Diamondback’s secondary offering of its Class A common stock.
A number of private equity firms will sell about 48.5 million shares of Permian Resources Corp.’s Class A common stock valued at about $764 million.
Global Infrastructure Partners, a Hess Midstream affiliate, will act as the selling shareholder and Hess Midstream will not receive proceeds from the public offering of shares.
Proceeds from Talos Energy’s secondary offering will be used to help pay its recently announced acquisition of QuarterNorth Energy.
EQT plans to offer 5.75% senior notes to repay some borrowings used in the acquisition of Tug Hill and XcL Midstream, the company said.
Permian Resources will not receive proceeds from the stock offering.
SilverBow Resources is offering three million shares of its common stock to fund its pending acquisition of Chesapeake Energy Corp. ’s oil and gas assets in south Texas.
The offering is managed by Grey Rock Energy Management LLC, and Granite Ridge will not receive any proceeds from the sale.
Ovintiv said that NMB Stock Trust, which was issued the stock as part of a transaction, will receive all proceeds from the secondary offering.