Equity
CompanyExchange / SymbolHeadquartersAmountComments
Linn Energy LLCNasdaq: LINEHoustonUS$1.5 billionPrivately placed 13 million units and 35 million class D units at an undisclosed price per unit to third-party investors to fund the acquisition of Midcontinent assets from Dominion Resources Inc.
BreitBurn Energy Partners LPNasdaq: BBEPLos AngelesUS$450 millionPlans to privately place 16.67 million units at approximately US$27 each to fund the acquisition of E&P and midstream assets in Michigan, Indiana and Kentucky from Quicksilver Resources Inc.
Canaan Natural Gas Management LLCNAOklahoma CityUS$200 millionRaised an additional $50 million in equity in special-purpose add-on commitments from its investors to complement its $150-million fund.
Encore Energy Partners LPNYSE: ENPFort Worth, TexasUS$189 millionPriced IPO of 9 million units at US$21 each. UBS Investment Bank and Lehman Brothers are joint book-running managers and A.G. Edwards & Sons, Credit Suisse, Raymond James & Associates and RBC Capital Markets are co-managers.
Carrizo Oil & Gas Inc.Nasdaq: CRZOHoustonUS$74.5 millionPlans to offer 1.8 million shares at US$41.40 each to fund capex, including drilling and leasing in the Barnett Shale, appraisal-well drilling in the North Sea and for other corporate purposes. RBC Capital Markets is lead placement agent and Capital One Southcoast Inc., Johnson Rice & Co. LLC, BMO Capital Markets Corp., KeyBanc Capital Markets Inc., Pritchard Capital Partners LLC, Tudor, Pickering & Co. Securities Inc., Howard Weil Inc., Coker & Palmer, Phillips & Mullen Inc., SunTrust Robinson Humphrey Inc., FIG Partners LLC and Natixis Bleichroeder Inc. are agents.
PetroQuest Energy Inc.NYSE: PQLafayette, La.US$70.7 millionSold an additional 195,000 6.875% series B cumulative convertible perpetual preferred shares at US$50 each as overallotment, bringing the total offering to more than 1.3 million shares to pay borrowings from its bank credit facility and for general corporate purposes. J.P. Morgan Securities Inc. was book-running manager and Howard Weil Inc., Johnson Rice & Co. LLC and Coker & Palmer Inc. were co-managers.
Petro Resources Corp.Amex: PRCHoustonUS$35 millionPlans to publicly offer approximately 14 million shares at approximately US$2.49 each to pay debt, fund a portion of capex and for general corporate uses. Canaccord Adams Inc., Pritchard Capital Partners LLC and Scarsdale Equities are underwriters.
Samson Oil & Gas Ltd.Australia: SSNPerth, AustraliaUS$30.4 millionPrivately placed 16.9 million shares at US$0.18 each to fund E&P in the U.S.
Winstar Resources Ltd.Toronto: WIXCalgaryC$20 millionOffered approximately 4.7 million at approximately C$4.25 each. Research Capital Corp. was lead underwriter and Jennings Capital Inc. and FirstEnergy Capital Corp. were underwriters.
Endeavor Energy Corp.OTCBB: ENECCalgaryUS$18 millionPlans to privately place equity to fund development and E&P for its properties in Canada and Australia. Research Capital Corp. is lead agent.
Northern Oil and Gas Inc.OTCBB: NOGSWayzata, Minn.US$15 millionPrivately placed 4.5 million shares at US$3.30 each. FIG Partners LLC Energy Research & Capital Group was placement agent.
Tele-Find Technologies Corp.CDNX: TFTRichmond Hill, OntarioUS$11 millionPlans to privately place 22 million units at US$0.50 each to fund E&P on assets to be acquired from CLK Energy Partners LLC and for general working capital. Silverbridge Capital Inc. is the agent.
Diamondback Operating LPNATulsa, Okla.US$9.2 millionReceived equity recapitalization from Prospect Capital Corp. to fund development drilling and pay existing liabilities.
Pisces Capital Corp.Toronto TorontoC$5 millionPlans to offer up to 10,000 units at C$500 each. CTI Capital Inc. and
Venture: PCPResearch Capital Corp. are agents.
Result Energy Inc.Toronto CalgaryC$4.4 millionPrivately placed 7.4 million flow-through shares at C$0.60 each to
Venture: RTEfund E&P and general corporate purposes.
Linn Energy LLCNasdaq: LINEHoustonUS$1.8 billionEntered a secured revolving credit facility with RBC Capital Markets and BNP Paribas to fund the acquisition of Midcontinent assets from Dominion Resources Inc.
BreitBurn Energy Partners LPNasdaq: BBEPLos AngelesUS$1.5 billionEntered an amended and restated bank facility with Wells Fargo Bank NA and an affiliate of Credit Suisse Securities (USA) LLC to fund the acquisition of E&P and midstream assets in Michigan, Indiana and Kentucky from Quicksilver Resources Inc.
Husky Energy Inc.Toronto: HSECalgaryUS$750 millionPublicly offered US$300 million in 6.2% 10-year notes due 2017 and US$450 million in 6.8% 30-year notes due 2037 to pay short-term bridge financing for the acquisition of the Lima, Ohio, refinery. Citi Markets & Banking, HSBC and RBC Capital Markets were joint book-runners.
EV Energy Partners LPNasdaq: EVEPHoustonUS$500 millionIncreased the maximum borrowing availability of its credit facility with a $275-million initial borrowing base.
Dresser-Rand Group Inc.NYSE: DRCHoustonUS$500 millionAmended its five-year senior secured credit facility, increasing the size from US$350 million and extending the maturity date from October 2011 to August 2012. Citigroup Global Markets Inc., J.P. Morgan Securities Inc. and UBS Securities LLC were joint lead arrangers.
Sevan Marine ASANATanager, NorwayUS$400 millionEntered a senior debt project-finance facility comprised of a US$250-million financing, a six-year US$350-million amortizing term loan and a US$50-million revolving loan to fund the Sevan Deepsea Driller vessel. GE Energy Financial Services, GE Transportation Finance and DVB Group Merchant Bank (Asia) Ltd. are lead arrangers.
Dalbo Holdings Inc.NAVernal, UtahUS$277 millionClosed a senior credit facility with GE Energy Financial Services to fund four acquisitions in the Rockies.
212 ResourcesNAMidway, UtahUS$250 millionEntered a six-year senior secured credit facility with GE Energy Financial Services, a unit of GE, to fund processing and recycling oilfield wastewater for drilling at the Pinedale Anticline in Wyoming.
Range Resources Corp.NYSE: RRCFort Worth, TexasUS$250 millionPlans to offer 7.5% senior subordinated notes due 2017 to pay some senior credit-facility debt. JP Morgan Securities Inc. is sole book-running manager and RBC Capital Markets Corp. is co-manager.
Rex Energy Corp.Nasdaq: REXXState College, Pa.US$200 millionEntered a senior secured revolving credit facility due 2012 with an initial borrowing base of $75 million to replace its $40-million credit facility to fund working capital, capital expenditures and for other general corporate purposes. KeyBank NA, BNP Paribas, Manufacturers and Traders Trust Co., Sovereign Bank and Allied Irish Banks are lead arrangers.
Goodrich Petroleum Corp.NYSE: GDPHoustonUS$170 millionIncreased its borrowing base from US$110 million to fund 2007 drilling. BNP Paribas is lead syndicate bank.
Baseline Oil & Gas Corp.OTCBB: BOGAHoustonUS$165 millionWill privately place US$50 million of 14% senior subordinated convertible secured notes and increased its placement of 12.5% senior secured notes due 2012 from US$110 million to US$115 million to acquire assets from DSX Energy Ltd. LLP, pay debt and for general corporate purposes.
ATP Oil & Gas Corp.Nasdaq: ATPGHoustonUS$160 millionClosed an unsecured subordinated term loan facility due 2011 to fund near-term development opportunities and for general corporate purposes. Credit Suisse was lead arranger.
Carrizo Oil & Gas Inc.Nasdaq: CRZOHoustonUS$117 millionIncreased the borrowing base of its first-lien credit facility from US$74.8 million. Guaranty Bank and JPMorgan Chase Bank are co-lenders.
Mullen Group Income FundToronto: MTL-UNCalgaryUS$104.2 millionSubsidiary MT Investments Inc. plans to privately place US$85 million of series E notes and US$19.2 million of series F notes to fund working capital, acquisitions, internal growth and other general purposes.
Admiral Bay Resources Inc.CDNX: ADBCentennial, Colo.US$100 millionEntered an amended and restated advancing-term credit facility with GasRock Capital LLC to pay debt on its existing credit facility and fund development of unconventional gas projects in the Cherokee and Appalachian basins. RBC Capital Markets is financial advisor.
Petrolifera Petroleum Ltd.NACalgaryUS$100 millionEntered a three-year revolving credit facility with Standard Bank Plc to provide financial flexibility.
Production Enhancement Group Inc.Toronto: WISHoustonUS$70 millionExpanded its debt facility due 2012 to fund capex for coiled-tubing, nitrogen, pressure-pumping and wireline units.
Tele-Find Technologies Corp.CDNX: TFTRichmond Hill, OntarioUS$60 millionEntered a four-year 3% acquisition and development credit facility to fund corporate restructuring following its acquisition of CLK Energy Partners LLC.
Storm Cat Energy Corp.Amex: SCU, DenverUS$35 millionRestored the borrowing base under its existing senior credit facility
Toronto: SMEwith JPMorgan from $27.5 million after gaining compliance with EBITDA during the third quarter.
Flagship Energy Inc.Toronto CalgaryC$33 millionEntered a secured development bridge facility with Tricap Partners
Venture: FG-ALtd. to fund its capital program.
South Texas Oil Co.OTCBB: STXXAustinUS$30 millionIncreased its credit line from US$15 million to fund drilling and corporate growth.
CDM MSX LLCNAHoustonUS$30 millionEntered senior credit facilities with Merrill Lynch Capital to pay debt and provide working capital.
Star EnergyOTCBB: SERGNew YorkUS$23.6 millionReceived a loan from IFS International LLC to fund the Bukovyna project in Ukraine.
Baseline Oil & Gas Corp.OTCBB: BOGAHoustonUS$20 millionEntered a credit facility with a senior lender to fund hedging and working capital.
Westside Energy Corp.Amex: WHTDallasUS$8 millionEntered an unsecured loan arrangement with Knight Energy Group II LLC to fund development activities and general corporate purposes.
Flagship Energy Inc.Toronto CalgaryC$8 millionEntered a revolving operating loan facility with ATB Financial to fund
Venture: FG-Aits capital program.
Universal Energy Corp.OTCBB: UVSEHoustonUS$3.4 millionReceived commitments for a private placement of US$4.25 million in amortizing senior secured convertible debentures to fund drilling program, general corporate purposes and investor relations.
Deep Down Inc.OTCBB: DPDWHoustonUS$3 millionPlans to privately place 3.1 million shares at US$0.96 each to fund working capital and general corporate purposes.
Newco Group Ltd.NABritish Virgin IslandsUS$3 millionReceived an 8% loan from JMG Exploration Inc. to fund the acquisition of 39% of Iris Computers Ltd.
MicroSeismic Inc.NAHoustonUS$2 millionReceived a line of credit from Square 1 Bank to fund general corporate purposes.
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