Kosmos Energy’s offering will be used to fund a portion of its 7.125% senior notes due 2026, 7.750% senior notes due 2027 and 7.500% senior notes due 2028.
ONEOK intends to use the proceeds to fund its previously announced acquisition of Global Infrastructure Partners’ interest in midstream companies EnLink and Medallion.
Gulfport Energy Corp. also commenced a tender offer to purchase for cash its 8.0% senior notes due 2026.
EQV Ventures reported “there is approximately $75 billion of private upstream assets held by aging private-equity funds that may require liquidity over the next five years.”
The firm is a 50/50 joint venture of Baker Hughes and Akastor ASA formed in 2021 to include brands such as Hydril and Vetco Gray as well as Wirth and Maritime Hydraulics.
CenterPoint Energy expects approximately $250 million of gross proceeds from the offering.
Enterprise Products Partners expects to use the net proceeds of the offering for capital investments and debt repayment, including repayment of its $1.15 billion principal 3.75% senior notes due 2025.
Permian Resources’ will offer cash for its senior notes Due 2026, among other financing moves, following a July 29 agreement to buy Delaware Basin assets from Occidental Petroleum for $817.5 million.
Frustrations were clear among oilfield and investment Redditors in response to an article that suggested the oil industry is booming. Here’s what happened—expletives deleted, emojis and all.
SM Energy said it intends to use the net proceeds from the notes to fund its pending $2.04 billion purchase of XCL Resources.