Talos Ups Buybacks, Pays Down Debt Post $1.29B QuarterNorth Deal
Talos Energy said it repaid $325 million in debt since closing its $1.29 billion cash-and-stock acquisition of E&P QuarterNorth in March.
Pemex Targets Debt Declining Below $100 Billion This Summer
Mexico’s state-owned Pemex, the world’s most indebted company, is targeting a total debt below the $100 billion mark this summer—the first time in 10 years that the company’s debt would be below that level.
SM Energy Offers Senior Notes to Help Fund $2B XCL Resources’ Deal
SM Energy said it intends to use the net proceeds from the notes to fund its pending $2.04 billion purchase of XCL Resources.
Summit Midstream Commences Tender Offer on Notes Due 2026
Summit Midstream also announced July 17 a proposed offering of $500 million in aggregate principal amount of new senior secured second lien notes due 2029.
KC Fed Survey: NatGas to Rise, but Not Enough for Profitability
The Kansas City Federal Reserve Bank’s energy survey saw activity decline in the second quarter as producers look to the back half of 2024 for natural gas prices to improve—but not enough to turn a profit.
Firms Blast ‘Conflict-ridden’ Martin Midstream Deal, Launch Counteroffer
Two New York-based capital firms say a May proposal by Martin Resource Management to buy Martin Midstream for $100 million represents a “below market and conflict-ridden proposal,” while the firm’s own offer has been rebuffed.
Solaris to Acquire Mobile Energy Rentals, Rename to Solaris Energy Infrastructure
Following the closing of its deal to acquire Mobile Energy Rentals, Solaris Oilfield Infrastructure will also be rebranding to Solaris Energy Infrastructure to more closely represent its expanded solutions offerings.
EIG Refinances $11B in Senior Debt for Aramco Pipeline Deal
EIG subsidiary Pearl Pipelines will use the proceeds to repay financing related to its $25.3 billion acquisition of 49% interest in Aramco Oil Pipelines Co. three years ago.
Kissler: Are We Set Up for a Summer Natural Gas Rally?
A warmer-than-normal season could jolt prices.
It’s All Relative: Family Oil Companies Attract Huge M&A Attention
What role do firms controlled by descendants of the original Permian Basin wildcatters play in a sector increasingly dominated by scale?