Nasdaq Jan 6 – Silicon Ranch Corp, the U.S. solar project developer backed by Royal Dutch Shell RDSa.L, on Thursday said it raised $775 million in equity capital from new and existing investors. The announcement comes as renewable energy, and in particular solar, is experiencing a dramatic expansion in the United States. Financial institutions are seeking to capitalize on that
By Tyler Losier, Energy Reporter, Oil & Gas 360 Forum Energy Technologies to sell its aggregate 40% interest in Ashtead Technology for $39 million Forum Energy Technologies Inc. (stock ticker: FET), a global oilfield products company, has entered into a definitive agreement through its subsidiaries to sell an aggregate 40% interest in Ashtead Technology, a subsea rentals company, to majority
In the context of the total business sector, the global private equity industry raised a record $453 billion from investors in 2017, leaving it with more than $1 trillion to pour into companies and new business ventures, Reuters reported at the beginning of the year. The capital raised in 2017 surpassed the previous landmark of $414 billion set in 2007.
Capitalize, PLS Inc.’s proprietary comprehensive capital markets tracking platform, released a statistical review of the oil and gas industry’s capital markets activity for calendar year 2017. Key findings: $34 billion in equity raised through offerings in 2017, down 36% from 2016’s $53 billion Of 2017’s eight upstream equity offerings, six were SPACs Big names such as Hess, Antero and BP
Successor to Brigham Resources secures private capital commitment from Warburg Pincus, Yorktown and Pine Brook ATX Energy Partners is a new E&P company that will be the successor to Brigham Resources. The line of equity financing of up to $780 million will be led by Warburg Pincus, Yorktown Partners and Pine Brook. The ATX headquarters will be in Austin, Texas
PLS Capitalize™ Report: Oil & gas industry raised $186 Billion through U.S. public offerings in 2016; PLS predicts surge in M&A activity in 2017 Houston’s oil and gas research firm PLS Inc. provided the following statistical review of capital markets activity today, with the help of its capital markets tracking platform Capitalize™. Highlights of the PLS Capitalize™ report include: Aggregate
PetroQuest Energy (ticker: PQ) has taken steps to enhance the liquidity of the company and shore up the balance sheet. The company announced that it is commencing an exchange offer for its outstanding 10% senior notes due 2017, and outstanding second lien senior secured notes due 2021. The noteholders have the option of receiving the New Notes and/or common stock.
Whiting Petroleum (ticker: WLL) has initiated an exchange offering for senior notes aimed at lowering debt and leverage through the mandatory conversion of senior notes to equity. The announcement on June 22, 2016, will encompass $377.0 million worth of nonconvertible notes and $697.9 million of convertible notes. The exchange will replace the old notes with new mandatory convertible senior notes
CALGARY, ALBERTA–(Marketwired – April 11, 2016) Enbridge Income Fund Holdings Inc. (the “Company”) (TSX:ENF) today announced that it has entered into an agreement with a syndicate of underwriters led by Scotiabank, BMO Capital Markets and CIBC Capital Markets for the purchase and distribution to the public of 17,699,000 common shares (“Common Shares”) at a price of $28.25 per Common Share
On March 16, 2015, Southwestern Energy (ticker: SWN) announced a quarterly dividend payment on the company’s 6.25% Series B Mandatory Convertible Preferred Stock. Southwestern has elected to make this payment in common shares as opposed to cash, or a “payment-in-kind” (PIK) dividend. Southwestern’s quarterly dividend amounts to $27.3 million that will be paid using up to 3.35 million shares of
On March 7, 2016, PDC Energy, Inc. (ticker: PDCE) announced the company would offer 5,922,500 shares, including the expected purchase of overallotments, in common equity to the market. The offering is expected to bring in gross proceeds of $262.7 million dollars. The net proceeds from this offering will be used to repay the principal amounts owed upon the maturity of
Paying down debt, looking at Permian acquisitions On March 3, 2016, Callon Petroleum (ticker: CPE) announced its intent to issue a total allotment of 15,250,000 shares of common stock including the underwriter’s option, resulting in net proceeds of $86.2 million. Callon intends to use the proceeds from the offering to pay down the existing balance on their revolving credit facility,
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