Saturday, November 30, 2024

EIG’s FS Energy and Power Fund – at $4.3 Billion – is Largest Energy BDC

FS Investments (FS) and EIG Global Energy Partners (EIG) closed a transaction today, allowing EIG to manage FS Energy and Power Fund (FSEP). According to the company’s press release, FSEP will be the largest energy-focused business development company (BDC) in the marketplace with $4.3 billion in assets under management. “We are excited to enter the next phase of our partnership

EQT Splits Upstream and Midstream Businesses

Tax-free separation creates two Appalachian-based energy companies EQT Corporation (ticker: EQT) has approved a plan to separate its upstream and midstream businesses, creating a standalone publicly traded corporation (NewCo) that will focus on midstream operations. The separation is intended to qualify as tax-free to EQT shareholders for U.S. federal income tax purposes, and is expected to be completed by the

Alta Mesa Resources, Silver Run, Kingfisher Deal is in the Books

Stock will trade on Nasdaq: AMR, starting Feb. 12 Silver Run Acquisition Corporation II (ticker: SRUN) completed its business combination with Alta Mesa Holdings, LP and Kingfisher Midstream, LLC. Alta Mesa is an independent exploration and production company focused on the development and acquisition of unconventional oil and natural gas reserves in the Anadarko Basin. Kingfisher is a company engaged

Rex Energy Announces New CFO

Marathon, TORC also announce changes Rex Energy Corporation (ticker: REXX) announced today that it has appointed Curt Walker, the company’s current chief accounting officer, to the position of CFO, effective immediately. Walker will be responsible for all financial, accounting and treasury functions, as well as other related duties. Walker has been the company’s chief accounting officer since May 2012. Prior