Equity Company Exchange / Symbol Headquarters Amount Comments Pengrowth Energy Trust (Toronto: PGF) Calgary C$75.2 million Issued 5,850,000 trust units at C$12.85 each. The syndicate of underwriters was led by RBC Capital Markets and included BMO Nesbitt Burns Inc., Merrill Lynch Canada Inc., CIBC World Markets Inc., TD Securities Inc., National Bank Financial Inc., Scotia Capital Inc, HSBC Securities (Canada) Inc., Canaccord Capital Corp., Raymond James Ltd., Dundee Securities Corp. and FirstEnergy Capital Corp. Debt Calpine Corp. (NYSE: CPN) San Jose, Calif. US$400 million Will privately place US$400 million of convertible debentures due 2006. Proceeds will pay existing debt. Vectren Corp. (NYSE: VVC) Evansville, Indiana US$250 million Sold US$250 million of 10-year senior notes. Joint lead managers were ABN Amro Securities Inc. and Banc One Capital Markets Inc. Stone Energy Corp. (NYSE: SGY) Lafayette, La. US$200 million Will issue US$200 million of 8.25% senior subordinated notes due 2011. The proceeds will finance acquisitions in the Gulf of Mexico. Merrill Lynch & Co. is sole lead manager for the sale. Forest Oil Corp. (NYSE: FST) Denver US$160 million Privately placed $160 million of 10-year senior notes. The size of the sale was increased from $150 million. J.P. Morgan was the sole lead manager. KCS Energy Inc. (NYSE: KCS) Houston US$100 million Has secured a US$100-million revolving credit facility from CIBC World Markets Corp. and Guaranty Bank. The new facility replaces those paid off in February 2001 when the company emerged from bankruptcy. The money will be used for acquisition, development and production of oil and gas properties, the repurchase and retirement of senior notes and for working capital. Evergreen Resources Inc. (NYSE: EVG) Denver US$100 million Will privately place $100 million of senior convertible notes due 2021. The notes will be convertible into Evergreen's common stock at the option of the holder at a price to be determined.
Recommended Reading
Six New Dean Wildcats Come With 95% Oil in Northern Midland Basin
2025-02-21 - SM Energy reported geologic variability in deposition in the new play in southern Dawson County, Texas, but “it's really competitive.”
Vital, SM: Woodford-Barnett Wildcats Flush with Barrels in Southern Midland
2025-02-25 - An initial SM Energy test made 250,000 boe in its first eight months online. Vital Energy is reporting more than 150,000 gross boe per 10,000 ft of lateral in its first-six-month output.
Occidental to Up Drilling in Permian Secondary Benches in ‘25
2025-02-20 - Occidental Petroleum is exploring upside in the Permian’s secondary benches, including deeper Delaware Wolfcamp zones and the Barnett Shale in the Midland Basin.
Coterra’s Rigs ‘Stay Camped Out’ in Delaware Basin Mega-DSU Drilling
2025-02-26 - With 57 wells already in one “row” development, Coterra Energy has 16 more underway, plus rigs at work on two more mega-DSU developments totaling 90 wells.
In Inventory-Scarce Permian, Could Vitol’s VTX Fetch $3B?
2025-03-28 - With recent Permian bids eclipsing $6 million per location, Vitol could be exploring a $3 billion sale of its shale business VTX Energy Partners, analysts say.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.