Velda
Addison
Hart Energy
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.
SPATCO Energy Exits RF Investment Fund
RF investment Partners said it invested in SPATCO Energy Solution’s $230 million continuation fund, which was led by Kian Capital Partners and Apogem Capital.
Winded: Ørsted Books More Impairments, Delays US Offshore Project
Danish offshore wind developer Ørsted booked about $574 million in impairments and scrapped a green fuels project in Europe.
Superior Sees Executive Leadership Changes
Superior Energy Services’ president, CEO and chairman Brian Moore is retiring, and his roles are to be split between the two people succeeding him.
LSB Industries’ Chairman of Board Retires, Replaced by CEO
Richard Roedel, LSB Industries Inc.’s chairman of the board of directors, is retiring from his position effective immediately.
Analysts: Midstream MLPs Outperforming S&P in 2024
The midstream sector has been able to take advantage as capex spending slows and cash flows increase.
Fitch Downgrades New Fortress’ Default Rating, Citing Refinancing Risk
New Fortress Energy’s issuer default rating and senior secured debt were downgraded by Fitch, which cited a “highly constrained liquidity position,” as a reason behind its rating actions.
Energy Producer Maverick's Owner Explores Sale Valuing It at $3B, Sources Say
Owned by energy-focused investment firm EIG, Maverick Natural Resources is working with investment bankers at Jefferies on the sale process.
Permian Consolidation Piques Interest in Drill-to-earn Opportunities
Drill-to-earn arrangements have been utilized in the Permian for years in the forms of joint ventures, farm-outs and other customizable agreements.