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News Stories (27 Results) - Oil & Gas

Tidewater Inc. announced that it and certain of its subsidiaries have filed voluntary petitions under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware to pursue a prepackaged plan of... Read Story
May 18, 2017, 07:17 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


MidCap Business Credit announced that it has completed a $6 million Asset Based Credit Facility to Summit Casing Equipment, a portfolio company of Renovo Capital, a Dallas based private equity firm. Summit Casing Equipment, manufactures and... Read Story
April 28, 2017, 07:06 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


Lending to the U.S. oil and gas industry is expected to expand in 2017, according to a new report from Haynes & Boone that projects a modestly improved outlook for the sector.In its “Borrowing Base Redeterminations Survey: Spring 2017,” the firm... Read Story
April 06, 2017, 07:18 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


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


NGL Energy Partners LP (NGL) announced that the Partnership has successfully amended and extended its revolving credit facility extending the term of the facility to October 2021. The amended facility has an initial borrowing capacity of $1.765... Read Story
February 15, 2017, 07:00 AM


Encina Business Credit, LLC (EBC) announced that it has provided a $15 million asset-based revolving credit facility to a manufacturer and service provider for the oil & gas industry that is based in the Southwestern U.S. The credit facility consists... Read Story
February 14, 2017, 07:40 AM


Carl Marks Advisors, a leading consulting and investment banking advisory firm to middle-market companies, today announced that Brian A. Williams has joined the firm as managing director, supporting their investment banking and advisory teams in the... Read Story
May 06, 2016, 07:32 AM


Fitch Ratings believes asset quality for business development companies (BDCs) could deteriorate further in 2016 following challenging energy performance in 2015, according to Fitch's latest North American Financial Institutions Chart of the Month.... Read Story
March 21, 2016, 08:16 AM


Tiger Capital Group and Liquidity Services announced the launch of a partnership geared toward helping insolvency and turnaround professionals ramp up their services to the turbulent oil and gas market, as well as directly assist companies seeking to... Read Story
February 16, 2016, 07:46 AM


Recent leveraged loan price volatility presents increased risks and opportunities for CLO managers, Fitch Ratings says. Managers in volatile markets are challenged to make credit calls that may significantly affect long-term performance for CLO... Read Story
December 29, 2015, 07:33 AM


Midstream transactions drove oil and gas strategic dealmaking efforts in the second quarter of 2015 as companies adapt their operations and business objectives to the lower oil price environment, according to PwC US.  In total, mergers and... Read Story
August 10, 2015, 07:59 AM


First Growth Capital, a division of First Capital, announced the hiring of Sarah Stredic as Vice President and Business Development Officer. Stredic will be based in Midland, TX and will be responsible for Business Development and Marketing... Read Story
October 08, 2014, 07:22 AM


1836 Capital, LLC announced it has completed a debt placement on the acquisition of a well drilling and maintenance company in West Texas. 1836 Capital, LLC was engaged by a private equity firm to assist with the leveraged buyout of the oilfield... Read Story
August 12, 2014, 07:04 AM


TAB Bank is pleased to announce it has provided a $3 million credit facility for a manufacturing company located in California.  The company produces custom machined products for the semi-conductor, gas and oil, and aerospace industries.  The new... Read Story
March 19, 2014, 07:39 AM


Monroe Capital LLC announced the funding of a $17 million senior secured credit facility to support the merger of Landpoint, LLC, West Company of Midland LLC, and King Surveyors, LLC. Based in Bossier City, Louisiana, Landpoint, LLC is one of the... Read Story
December 23, 2013, 07:01 AM


First Capital provided a $6.8 millioncredit facility to Advanced Pipeline Services, LLC, a provider of construction, installation, and maintenance services for oil and gas pipeline and field processing infrastructure. The senior credit facility... Read Story
December 11, 2013, 07:00 AM


Deloitte Corporate Finance LLC ("DCF") is acting as financial advisor to Wyoming-based Elkhorn Holdings, Inc. ("Elkhorn"), a leading employee-owned, turnkey provider of infrastructure construction and maintenance services to high-growth U.S. energy... Read Story
November 12, 2013, 07:48 AM


PNC Bank, N.A., announced the closing of a $18 million asset based revolver for Horizon Mud Company. Based in Midland, Texas, the company is using the funds to refinance existing debt and provide ongoing working capital. Horizon Mud Company provides... Read Story
November 07, 2013, 07:56 AM


Mitcham Industries announced it has entered into a three-year $50 million syndicated revolving credit facility with HSBC Bank USA acting as administrative agent.  This facility replaces the company's prior revolving credit agreement with First... Read Story
August 05, 2013, 07:29 AM


Willbros Group announced that it will pursue a refinancing of its outstanding term loan and revolving credit facilities. The company expects the refinancing to enable it to borrow new funds at a lower interest rate, to extend the maturity of its debt... Read Story
July 08, 2013, 08:02 AM


GE Energy Financial Services, a unit of GE, has closed a $200 million senior secured credit facility subject to a $135 million initial borrowing base for SND Consolidated Energy LLC to refinance debt and fund oil and gas field development in East... Read Story
May 16, 2013, 08:02 AM


Western Refining announced the successful completion of an amendment and restatement of its revolving credit agreement. The amended agreement, which is comprised of a syndicate of banks with commitments of $900.0 million, matures in April 2018.... Read Story
April 12, 2013, 08:12 AM