Darren
Barbee
Oil and Gas Investor
WhiteHawk Proposes 17% Premium Cash Takeout Offer for PHX Minerals
WhiteHawk Energy, in pursuit of a merger with PHX Minerals for at least 18 months, has proposed an offer representing a 17% premium to the mineral company’s 30-day average weighted price.
Quantum Teams Looking for Acquisitions ‘Off the Beaten Path’
Blake Webster, partner at Quantum Capital Group, said the private-equity firm’s portfolio teams are looking to buy from sellers looking for cash buyouts, though not necessarily in the usual places.
Dividends Declared (Sept. 30 - Oct. 11, 2024)
Here is a compilation of dividends and distributions declared from select upstream, midstream and service and supply companies from Sept. 30 to Oct. 11.
Post Oak Backs New Permian Team, But PE Faces Uphill Fundraising Battle
As private equity begins the process of recycling inventory, likely to be divested from large-scale mergers, executives acknowledged that raising funds has become increasingly difficult.
Delek Logistics Partners Raises $166MM in Offering to Pay Debt
Delek Logisitics Partners closed an offering of 4.42 million common units to generate gross proceeds of $166 million.
Citgo Auction in Jeopardy as Venezuela Bondholders Pursue Parallel Claims
The court cases have increased uncertainty over which company is best positioned to take over the seventh-largest U.S. refiner Citgo Petroleum.
Post Oak Capital Backs Permian Team, Invests in Haynesville
Frost Cochran, managing partner at Post Oak Energy Capital, said the private equity firm will continue to focus on the Permian Basin while making opportunistic deals as it recently did in the Haynesville Shale.
Financiers: Family Offices Worldwide are Queuing to Invest in E&P
U.S. family offices have stepped in quickly to fill the void left by other investors while family desks abroad have been slow to move but they’re watching closely, financiers say.
Atlas Commissions 42-mile Dune Express Conveyor, Lowers 3Q Guidance
Atlas Energy Solutions said its Dune Express proppant conveyor remains on time and on budget, but the company expects lower revenue and EBITDA for the third quarter.
Baker Hughes Lands Company’s Largest Compressor Line Order
Baker Hughes’ project includes 10 integrated compressor line units that will be installed at the Margham Gas storage facility in Dubai, United Arab Emirates.