Pietro D
Pitts
Hart Energy
Plains All American Prices Public Offering of $650MM Senior Notes
Plains All American Pipeline plans to use approximately $643.3 million of the net proceeds from the offer to repay a portion of the $750 million outstanding principal amount of its 3.6% senior notes due 2024.
China Not Continuing Mega Oil-backed Loans to Latin America
China, which lent around US$120 billion to Latin America and the Caribbean between 2005-2023, isn’t expected to resume the mega oil-backing loans of yesteryear as the focus turns to debt negotiations.
Cheniere Increases Share Repurchase Budget by $4B Through 2027
Cheniere will also increase its quarterly dividend by approximately 15% to $2 per share annualized.
Permian Surface-owner LandBridge to Raise up to $367MM in IPO
Houston-based LandBridge holds some 220,000 surface acres in the Delaware Basin.
US Shale Leaders Set Pricing for Tamboran Resources’ IPO
Tamboran Resources’ appraisal wells indicate the Beetaloo Basin target formation is similar to the Marcellus Shale in its geophysical properties.
Texas Pacific Land Declares Largest Special Dividend
Texas Pacific Land’s $10 per share dividend will cost the company approximately $230 million.
Producers Trim 2024 Hedges Amid Bullish Oil Prices, M&A
Meanwhile, gas-weighted players are benefitting from solid hedge books planned ahead of price uncertainty.
Howard: Power Generation Growth Dependent on NatGas Demand
Electricity demand needs reliable natural gas to function as coal capacity is retired and less reliable renewables take a greater share of the power supply stack.
Crescent to Offer $750MM in Senior Notes to Settle SilverBow Debt
Crescent Energy intends to use the proceeds to fund the cash portion of its merger with SilverBow Resources and to repay SilverBow’s outstanding debt at the time of the transaction’s closing.
CorEnergy Restructures, Emerges from Chapter 11
CorEnergy Infrastructure Trust has restructured in hopes to return to positive free cash flow beginning 2025, while pursuing energy transition opportunities.