By Tyler Losier, Energy Reporter, Oil & Gas 360 Christopher J. Baker named president and CEO of Quintana Energy Services Quintana Energy Services (stock ticker: QES), an onshore oilfield services company operating across the United States, has named Christopher J. Baker as its president and chief executive officer, effective immediately. Baker will replace former CEO Rogers Herndon, who has resigned
WPX Energy (NYSE: WPX) today announced the expected conversion rate for the company’s 6.25 percent Series A Mandatory Convertible Preferred Stock issued on July 22, 2015. WPX has approximately 4.8 million shares of preferred stock outstanding. Holders of the preferred stock are expected to receive 4.1254 shares of WPX common stock for each share of preferred stock they hold on
Comstock Resources, Inc. (NYSE: CRK) announced today that its wholly-owned subsidiary, Comstock Escrow Corporation, has priced its previously announced offering of $850 million in aggregate principal amount of 9.75% new senior unsecured notes due 2026. The Senior Notes will bear interest at 9.75% per annum and will be issued at 95.988% of their face value. The sale of the Senior
Chaparral Energy, Inc. (OTCQB:CHPE) announced it will be transferring its stock exchange listing for its Class A common stock from the OTCQB market to the New York Stock Exchange (NYSE) effective July 24, 2018 and will begin trading under the new ticker symbol “CHAP.” Upon the opening of NYSE trading, the company’s Class A common stock will cease trading under
Northern Oil and Gas, Inc. (NYSE American: NOG) announced that it has entered into an additional independent, separately negotiated exchange agreement with an institutional holder of its 8% senior unsecured notes due 2020. The agreement represents a debt reduction of $9,943,000 par value of Notes. Through this and other recently announced exchanges, Northern has now entered into agreements to retire
Magnolia Oil & Gas Operating LLC and Magnolia Oil & Gas Finance Corp., each a consolidated subsidiary of TPG Pace Energy Holdings Corp. (NYSE: TPGE, TPGE.U, TPGE WS), announced today the pricing of their previously announced private offering of $400 million in aggregate principal amount of senior unsecured notes due 2026. The 2026 Notes, which priced at par, will mature
Ascent Resources, LLC announced that it has completed the previously announced acquisition of natural gas and oil leasehold interests, fee minerals and related assets from Utica Minerals Development, LLC for a total purchase price of approximately $477 million, consisting of approximately $238 million of cash proceeds from a recently completed equity raise and approximately $238 million in common equity of
Parker Drilling Company (NYSE: PKD) announced today that its Board of Directors has voted to implement a previously-approved reverse stock split and adopt a short-term shareholder rights plan. Reverse Stock Split The reverse stock split at a ratio of 1 for 15 will be effective when the markets open on July 27, 2018, at which time the Company’s common stock
Comstock Resources, Inc. (NYSE: CRK) announced today that, subject to market and other conditions, its wholly-owned subsidiary Comstock Escrow Corporation intends to offer for sale in a private placement under Rule 144A and Regulation S under the Securities Act of 1933, as amended, $850.0 million in aggregate principal amount of senior unsecured notes due 2026. The gross proceeds of the
Continental Resources, Inc. (NYSE: CLR) announced today that it will redeem $400 million in aggregate principal amount, representing approximately 20% of the $2.0 billion in aggregate principal amount currently outstanding, of its 5% Senior Notes due 2022. The redemption price for the Notes called for redemption will be equal to 101.667% of the principal amount, plus accrued and unpaid interest,
Transocean Ltd. (NYSE:RIG) announced today that Transocean Pontus Limited, a wholly owned indirect subsidiary of Transocean, commenced a private offering of senior secured notes. Transocean Pontus intends to offer U.S. $600 million in aggregate principal amount of senior secured notes due 2025 to eligible purchasers pursuant to Rule 144A/Regulation S. The Notes will be guaranteed by Transocean Ltd., Transocean Inc.
DCP Midstream, LP (NYSE:DCP) announced today that its wholly owned subsidiary, DCP Midstream Operating, LP, plans to redeem all of its 9.75% senior notes due March 15, 2019 (CUSIP Nos.: 23311R AC0 and U24019 AC2) of which an aggregate principal amount of $450 million is outstanding, subject to the receipt by the Trustee of the 2019 Notes of funds sufficient
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