Unit Corporation (ticker: UNT) is one of the more diversified companies in the oil and gas industry, with segments focused on upstream, midstream and drilling operations. Unit has been in business since 1953 and 2015 is shaping up to be a banner year for the company, headlined by production reaching all-time highs and the increasing popularity of its BOSS rig.
SM Energy Company (SM) today announces that it has priced an offering of $500,000,000 aggregate principal amount of its 5.625% senior unsecured notes due 2025 (the “Notes”). The Notes will be issued at par. The offering is expected to close on May 21, 2015, subject to customary closing conditions. The company intends to use the net proceeds from the offering
Stocks down as Yellen warns valuations are over historical averages Federal Reserve Chair Janet Yellen warned that stock valuations are “generally quite high,” and that “there are potential dangers” in a discussion yesterday with International Monetary Fund Managing Director Christine Lagarde. Many analysts point out that stock prices, relative to corporate earnings, are higher than their historic norms. This could
SM Energy Company (NYSE: SM) today announces that it intends, subject to market and other conditions, to offer $400,000,000 in aggregate principal amount of a series of senior unsecured notes due 2025 (the “Notes”). SM Energy intends to use the net proceeds from the offering to fund the concurrent tender offer announced today to purchase any and all of its outstanding
Rex Energy Corporation (REXX) today announced that it has commenced a registered exchange offer to exchange up to $325 million aggregate principal amount of its 6.250% Senior Notes due 2022, which have been registered under the Securities Act of 1933, as amended (the “Exchange Notes”), for up to $325 million of its outstanding 6.250% Senior Notes due 2022, which were
Gastar Exploration Inc. (NYSE MKT: GST) (“Gastar”) announced today that it has entered into a purchase and sale agreement to sell certain non-core assets in Oklahoma to an undisclosed private third party for approximately $46.2 million, subject to certain adjustments and customary closing conditions. The transaction is expected to close on or before June 22, 2015, with a property sale
Gevo, Inc. (GEVO) announced today that it has signed a strategic alliance agreement with Alaska Airlines to purchase Gevo’s renewable jet fuel and fly the first-ever commercial flight on alcohol-to-jet fuel (ATJ). The demonstration flight is expected to occur after Gevo receives ASTM International certification for its fuel, sometime in mid to late 2015. Gevo has been working through the
Synergy Resources Corporation (NYSE MKT: SYRG), a U.S. oil and gas exploration and production company focused in the Greater Wattenberg Area of the Denver-Julesburg Basin, announces that its interim fiscal year proved reserve evaluation for the period ending 02/28/15 increased 105% to 40.4mm/BOE compared to 19.7mm/BOE for the interim fiscal period ending 02/28/14 and the PV10 value of the proved reserves
Update: RANGE RESOURCES CORPORATION (NYSE:RRC) announced today that it has priced at par an offering of $750 million aggregate principal amount of senior notes due 2025, which will carry an interest rate of 4.875%. Range expects that the net proceeds of the offering will be approximately $738 million and intends to use the net proceeds to repay borrowings under its
Story by Bloomberg Blackstone Group LP, the biggest alternative-asset manager, raised $17 billion in seven months for its latest buyout fund, two people with knowledge of the process said. The New York-based firm has completed the initial round of fundraising for Blackstone Capital Partners VII and will continue to gather commitments, said the people, who requested anonymity because the details
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