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News Stories (43 Results) - Oil & Gas

Haynes and Boone, LLP released its Fall 2018 Energy Roundup, a comprehensive report on the industry that reflects an improved outlook for oil and gas producers. The Energy Roundup includes the firm’s latest “Borrowing Base Redeterminations Survey,”... Read Story

September 28, 2018, 07:11 AM

Chiron Financial LLC served as investment banker to Pitchfork Cattle Company LLC (known as "Pitchfork Ranch") in the sale of substantially all of its assets to a large oil and gas company with operations in the region. The ranch operations included... Read Story

September 21, 2018, 07:25 AM

HighPoint Resources Corporation announced that it has entered into a new amended and restated credit agreement for its revolving credit facility. The agreement extends the maturity date of the Facility by over three years to 2023 and increases the... Read Story

September 17, 2018, 08:08 AM

Tiger Capital Group announced that it has provided Commander Oilfield Services, LLC (Commander) with a $5 million capital infusion that allows the company to add premium assets and expand its service lines to meet strong customer demand in the... Read Story

August 22, 2018, 07:12 AM

PNC Bank, National Association, announced the closing of a $575 million credit facility for Warren, PA-based United Refining Company (United). Founded in 1902, United is an independent refiner and marketer of petroleum products, beneficially owned by... Read Story

July 25, 2018, 07:12 AM

Comstock Resources, Inc. announced that it has obtained commitments from a syndicate of thirteen banks for a new five year reserve-based revolving credit facility with an initial borrowing base of $700.0 million.  The New Credit Facility is subject... Read Story

July 11, 2018, 07:15 AM

Kimbell Royalty Partners, LP, an owner of oil and gas mineral and royalty interests across 20 states, announced that it has agreed to acquire the mineral and royalty interests held by Houston-based Haymaker Minerals & Royalties, LLC and Haymaker... Read Story

May 30, 2018, 07:25 AM

Rowan Lux, as borrower, and Rowan, an offshore drilling company, entered into the New Credit Agreement with Wells Fargo, as administrative agent, an issuing lender and a swingline lender, the lenders party thereto and the other parties thereto. The... Read Story

May 29, 2018, 07:09 AM

Siena Lending Group LLC announced the completion of a three-year $10 million revolving credit facility for Shale Support Holdings, LLC to provide additional working capital to support the growth of their business. Headquartered in Picayune, MS, Shale... Read Story

May 01, 2018, 07:13 AM

PNC Bank, N.A., announced the closing of $33 million of senior secured credit facilities for Motley Services, LLC (Motley), a portfolio company of Irving, Texas-based District 5 Investments, L.P. Headquartered in Odessa, TX, Motley will use the funds... Read Story

April 24, 2018, 07:26 AM

Range Resources Corporation announced that it has renewed and extended its revolving credit facility. The new five-year agreement with a syndicate of twenty-seven financial institutions with JPMorgan Chase Bank, N.A., as administrative agent. The... Read Story

April 17, 2018, 07:00 AM

Whiting Petroleum Corporation and its subsidiary Whiting Oil and Gas Corporation entered into a Seventh Amended and Restated Credit Agreement with the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the other agents... Read Story

April 13, 2018, 07:11 AM

Haynes and Boone, LLP’s spring 2018 survey of oil and gas borrowers and lenders demonstrates a modestly improved outlook for the upstream oil and gas industry.In its “Borrowing Base Redeterminations Survey: Spring 2018,” the firm polled a... Read Story

April 12, 2018, 07:09 AM

Diversified Gas & Oil PLC, a U.S.-based acquirer and operator of oil and gas producing assets, has entered into a $500 million, five-year, senior secured revolving credit facility with a syndicate of seven U.S. banks, led by KeyBank N.A. KeyBanc... Read Story

March 19, 2018, 07:00 AM

Petrobras signed a revolving credit facility (RCF) in the amount of US$ 4.35 billion with a syndicate of 17 banks, with maturity in March 2023. Through the instrument, the company may make withdrawals from the line until the month prior to... Read Story

March 09, 2018, 06:59 AM

Energean Oil & Gas announced that Energean Israel has signed a secured Senior Credit Facility of up to $1.275 billion with Morgan Stanley, Natixis, Bank Hapoalim and Societe Generale as Mandated Lead Arrangers.The Facility Agreement will be the... Read Story

March 05, 2018, 07:00 AM

ProPetro Holding Corp. announced the successful deployment of its 17th and 18th fleets (45,000 hydraulic horsepower  each, or a total of 90,000HHP). The fleets were put into service for existing dedicated customers in January and February and brings... Read Story

March 01, 2018, 07:50 AM

FTS International, Inc. entered into a Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the several lenders party thereto, pursuant to which the Lenders agreed to provide the Company an asset-based lending... Read Story

February 26, 2018, 07:35 AM

Global oil and gas deal volume hit a five-year low in 2017, and total global transaction value fell to $343 billion from $390 billion in 2016. This is according to the EY Global oil and gas transaction review 2017, which also found that while 2017... Read Story

February 23, 2018, 07:08 AM

Diversified Gas & Oil PLC, a U.S.-based acquirer and operator of oil and gas producing assets, announced the commitment of a new $500 million, five-year senior secured revolving credit facility led by KeyBank. The Facility will be subject to an... Read Story

February 21, 2018, 07:21 AM

EXCO Resources, Inc., an oil and natural gas exploration firm, announced that in order to facilitate a restructuring of its balance sheet, the company and certain of its subsidiaries have filed voluntary petitions for a court-supervised... Read Story

January 16, 2018, 07:28 AM

Encina Business Credit, LLC (EBC) announced that it has provided a $40 million asset-based revolving credit facility to an oilfield services company. The credit facility consists of a revolver secured by accounts receivable, the proceeds of which... Read Story

December 14, 2017, 07:16 AM

The rate of exploration and production (E&P) bankruptcy filings in the energy sector has continued to drop over the course of 2017, with total filings down by more than two-thirds compared to the same period in 2016, according to the law firm of... Read Story

November 17, 2017, 07:08 AM

Northern Oil and Gas, Inc. announced it has closed an agreement with TPG Sixth Street Partners for a new $400 million first lien credit facility. At the closing, an initial amount of $300 million was funded – an additional $100 million of delayed... Read Story

November 03, 2017, 07:37 AM

Goodnight Midstream, LLC, an oilfield water midstream company, announced that the participants in its senior secured revolving credit facility, for which ABN AMRO Capital USA, LLC is the administrative agent, book runner and sole lead arranger, have... Read Story

November 02, 2017, 07:08 AM

Goodrich Petroleum Corporation announced that it has entered into a $250 million Senior Secured Revolving Credit Agreement with JPMorgan Chase Bank, N.A. as Joint Lead Arranger, Sole Bookrunner and Administrative Agent and SunTrust Bank and SunTrust... Read Story

October 19, 2017, 07:08 AM

In September, Haynes and Boone, LLP polled oil and gas producers, oilfield services companies, energy lenders, private equity firms, and other industry participants to get their predictions about producers' future borrowing capacity or "borrowing... Read Story

October 09, 2017, 07:19 AM

On Point Oilfield Holdings, LLC successfully closed on a $250 million senior credit facility with Texas Capital Bank. On Point is an oilfield fluids waste solutions company that acquires, develops, and operates saltwater disposal wells and saltwater... Read Story

October 06, 2017, 07:02 AM

AlixPartners, the global advisory firm, announced that it recently completed the successful financial restructuring of Ocean Rig UDW and certain of its subsidiaries.Ocean Rig is an international offshore drilling contractor providing oilfield... Read Story

October 05, 2017, 07:00 AM

ExWorks Capital provided $10 million in working and growth capital to a U.S.-based firm that provides services to the oil and gas industry. The Ohio-based company was formed in 2016 to service the oil and gas industry. The company performs... Read Story

September 22, 2017, 07:00 AM

The outlook for the global oilfield services and drilling sector (OFS) remains stable, Moody's Investors Service says in a new report. After two years of severe demand and price erosion, 2017 marks a turning point for revenues, earnings and cash... Read Story

September 05, 2017, 07:08 AM

Energy and petroleum bankruptcy filings have continued to dwindle over the summer; however pricing pressures could lead to renewed distress in the sector in the coming months, law firm Haynes & Boone reports. The pace of bankruptcy filings by North... Read Story

August 14, 2017, 08:00 AM

Kingfisher Midstream, LLC, a private gathering and processing midstream company, has entered into a $200 million senior secured revolving credit facility with ABN AMRO Capital USA, LLC as Administrative Agent, Book Runner and Lead Arranger. East West... Read Story

August 10, 2017, 07:07 AM

Amerisource Funding | Amerisource Business Capital announced the closing and funding of a $5 million asset based revolver for a repair and maintenance firm. Established in 2014, the Texas-based firm services the petrochemical industry, refineries... Read Story

August 01, 2017, 07:16 AM

Hornbeck Offshore Services, Inc. announced that the company has refinanced its existing $200 million senior secured revolving credit facility with a new first-lien delayed-draw credit facility providing for up to $300 million of term loans. The... Read Story

June 16, 2017, 07:06 AM

The number of North American oil and gas producers filing for bankruptcy has dropped significantly this quarter, with just nine producers seeking court protection, compared to 29 during the same period last year. That's according to a recently... Read Story

May 08, 2017, 07:18 AM

Pin Oak Terminals LLC announced that it has closed on a debt facility provided by co-lead arrangers Sumitomo Mitsui Banking Corporation (SMBC) and ING Capital LLC to complete construction of the current phase of contracted tanks at Pin Oak's site in... Read Story

April 21, 2017, 07:14 AM

ONEOK, Inc. announced a new $2.5 billion, five-year senior unsecured revolving credit facility, to replace the existing ONEOK and ONEOK Partners, L.P. credit facilities. The new facility will be available upon the completion of the previously... Read Story

April 19, 2017, 07:16 AM

Archrock Partners, L.P. , a provider of natural gas compression services, announced that the partnership has closed on a new five-year $1.1 billion asset-based revolving credit facility. The new credit facility will mature on March 30, 2022, except... Read Story

March 31, 2017, 07:16 AM

GulfMark Offshore, Inc. and GulfMark Americas, Inc., an indirect wholly-owned subsidiary of the company, entered into an agreement relating to the senior secured, revolving multicurrency credit facility among the borrower, the company, as guarantor... Read Story

March 20, 2017, 07:06 AM

Midstream provider Lucid Energy Group announced that the company has completed the refinancing and expansion of its two senior revolving credit facilities. The additional financing will be used to support Lucid’s growth strategies in the Midland and... Read Story

March 15, 2017, 07:36 AM

Resolute Energy Corporation closed on its amended and restated revolving credit facility, with an initial borrowing base of $150 million, an increase from the previous level of $105 million. In addition, the maturity date of the facility was extended... Read Story

February 24, 2017, 07:13 AM

The Pittsburgh Post-Gazette reported that about a month after Magnum Hunter Resources Corp. said it had hired advisers to help boost the struggling company’s financial position, the oil and gas producer warned that it may be heading toward bankruptcy... Read Story

November 13, 2015, 07:28 AM