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News Stories (22 Results) - Oil & Gas

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