Gulfport Energy to Offer $500MM Senior Notes Due 2029
Gulfport Energy Corp. also commenced a tender offer to purchase for cash its 8.0% senior notes due 2026.
Why Buying Double Eagle Does (and Doesn’t) Make Sense for Ovintiv
Proceeds from an Ovintiv divestiture in the Uinta Basin could help fund a deal for Double Eagle’s Midland Basin assets, but analysts say the money could just as easily be used for debt reduction.
TC Energy's South Bow Spinoff Clears $5.8B Debt Hurdle
TC Energy’s new spinoff South Bow Corp. closed its notes offering that opened in June.
What a Trump Win Would Mean for Oil Prices and Stocks
A second Trump administration might move the price needle on oil slightly, but OPEC would retain the upper hand in any outcome.
NextDecade Scraps Rio Grande LNG CCS Project
NextDecade said its carbon capture and storage project at the Rio Grande LNG facility is not sufficiently developed, Chairman and CEO Matt Schatzman said.
APA Executive: After Recent Divestitures, ‘More to Come’
At the EnerCom Denver conference, an APA Corp. executive didn’t address reports that APA was shopping up to $1 billion in Permian Basin assets, but he said the company is looking to shed $2 billion in term loans associated with its purchase of Callon Petroleum.
Oxy Nears $4.5B Debt Reduction Target Post Barilla Draw Sale
Occidental Petroleum, which paid $12 billion to acquire CrownRock LP, looks to achieve 85% of its near-term debt reduction target of $4.5 billion by the end of the third quarter 2024, says Oxy CEO Vicki Hollub.
Diversified Energy Closes on 170,000-acre Deal in East Texas
Diversified will pay $106 million for the natural gas assets through the issuance of 2.24 million new shares and $71 million cash.
Delek Logistics Offering Senior Notes to Pay Off Debt
Delek Logistics Partners and its subsidiary plan to use the net proceeds from the senior notes offering to pay off a portion of the outstanding borrowings from its credit facility.
CrownRock Offloads Oxy Shares Two Weeks After Closing $12B Deal
Underwriters of the offering agreed to purchase CrownRock’s Occidental stock at $58.15 per share, which will result in approximately $1.719 billion in proceeds before expenses.