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News Stories (41 Results) - Oil & Gas

Stonebriar Commercial Finance closed a $180 million senior secured term loan with a premier low-cost producer of quality sand to the Permian Basin. This facility represents Stonebriar’s fifth closed transaction with the borrower and its affiliates.... view press release
October 26, 2021, 08:00 AM


InPlay Oil Corp. announced that the annual renewal of its syndicated Senior Credit Facility by its lenders has been completed on a fully conforming basis.InPlay’s Senior Credit Facility has been reconfirmed at $65 million, comprised of a $55 million... view press release
July 02, 2021, 07:00 AM


As the stocks of oil and gas producers endured major selloffs in the first quarter, the sellers included a large number of institutional investors, with a number seeing a declines of millions of shares, according to recent filings with the SEC, S&P... view press release
June 01, 2020, 09:00 AM


Haynes and Boone released its latest Energy Bankruptcy Reports, which include bankruptcy filings from the beginning of 2015 through the end of 2018. The firm tracks bankruptcy filings in three databases that it updates periodically: the Oil Patch... view press release
January 10, 2019, 09:00 AM


MidCap Financial announced it has provided a senior credit facility to Ecoserv, a leading provider of industrial cleaning services and waste management solutions in the exploration and production field of the oil and gas industry. The MidCap credit... view press release
August 22, 2018, 08:00 AM


Sallyport Commercial Finance provided a $2,000,000 Accounts Receivable Facility to a new company that specializes in diverse product offerings from food related ingredients to oilfield chemicals.“It is a great pleasure to work with an entrepreneur... view press release
July 09, 2018, 07:00 AM


PetroShare Corp., a Colorado-based oil and gas exploration and production company with operations in the Wattenberg Field of the Denver-Julesburg Basin, announced the closing of $20 million in financing in the second tranche of Senior Secured... view press release
February 02, 2018, 07:00 AM


Midland Basin Partners, LLC has announced a strategic financial partnership with Orion Energy Partners, LP. The $75 million credit facility from Orion Energy will fuel the expansion of MBP’s existing midstream platform focused on water infrastructure... view press release
January 04, 2018, 08:00 AM


Dalmac Energy Inc. announced that it has entered into an agreement with Servus Credit Union Ltd. whereby Servus has agreed to provide the company with a $5,000,000 revolving overdraft credit facility to assist with daily operating expenses and a... view press release
December 07, 2017, 08:00 AM


MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $6,000,000 senior credit facility to Vernal, UT-based Adler Hot Oil Service, LLC (Adler). Adler provides heating services for oil and gas well sites.... view press release
November 29, 2017, 08:01 AM


Amerisource Business Capital announced the closing and funding of a $250,000 asset based revolver for a Colorado-based drilling company.  The start-up company, which provides a variety of drilling and hydrovac services, was seeking a larger line of... view press release
November 22, 2017, 07:00 AM


The assets of Northeast Energy Management, Inc., a large oil and gas drilling company located in Indiana, Pennsylvania, are being auctioned off by a joint venture comprised of Gordon Brothers and PPL Group, two of the nation’s leading industrial... view press release
September 21, 2017, 08:00 AM


Stonegate Capital has closed on a $4.5 million senior secured credit facility for a private equity-owned oilfield services company. The company provides completion, production, and intervention-related equipment and services for oil and gas operators... view press release
September 14, 2017, 07:00 AM


Hilco Industrial, in a joint venture with Myron Bowling Auctioneers, Inc. and Cincinnati Industrial Auctioneers, announced that they will begin the sale process of well control intervention equipment belonging to Wright's Well Control Services. ... view press release
August 15, 2017, 08:00 AM


Encina Business Credit, LLC (EBC) announced that it has provided a $5 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 will... view press release
July 25, 2017, 08:12 AM


Brazos Midstream Holdings announced that its subsidiary, Brazos Delaware LLC, has completed an expansion of its senior credit facility to $150 million in commitments from a syndicate of banks. Additionally, the facility has an accordion feature... view press release
July 25, 2017, 08:00 AM


Ares Commercial Finance announced that it has provided a senior secured credit facility to Pro Oil & Gas Services, LLC (Pro) in connection with Intervale Capital’s recapitalization of the business. Headquartered in Houston, Pro is a diversified... view press release
June 29, 2017, 07:00 AM


Rising Bird, Inc. announced that it has secured $8.2 million credit facility for Don Rose Oil Co., Inc. (DRO). The funds will be used to refinance existing debt with better terms, help with the expansion of DRO and support general business operations... view press release
May 05, 2017, 07:00 AM


Keane Group, Inc. announced that on February 17, 2017 the Company entered into a new $150 million asset-based revolving credit facility to replace its existing $100 million asset-based revolving credit facility. The New ABL Facility will mature on... view press release
February 22, 2017, 08:10 AM


MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $8 million senior credit facility to Arlington, Texas-based Lane Supply, Inc. Lane Supply designs, engineers, manufactures and installs metal structures... view press release
January 10, 2017, 08:00 AM


Amerisource announced the closing and funding of a $1.25 million credit facility for a parts manufacturer in the oil & gas industry in Nevada.  Proceeds of the credit facility were used to refinance the company’s existing bank debt and to provide... view press release
May 03, 2016, 08:02 AM


Tiger Liquidity Services Energy Partners to sell equipment from Enseco Services in Casper, Wyo. & Minot, N.D. during March 22 online sale; bidding opens March 16By order of the court appointed receiver, Tiger Liquidity Services Energy Partners will... view press release
March 11, 2016, 07:44 AM


Allied Affiliated Funding announced the following recently closed transaction: $7.5 million accounts receivable facility including a $1.2 million real estate loan to an oil and gas servicing company that focuses on water and mud hauling. The company... view press release
December 29, 2015, 07:44 AM


In the 3rd quarter of 2015, Paragon Financial has experienced a sharp increase in funding deals in the oil and gas industry. Rising debt payments and shrinking revenues are putting oil and gas companies in a difficult cash flow situation. As a result... view press release
October 21, 2015, 07:14 AM


Allied Affiliated Funding announced the following recently closed transaction:  A $7.5 million accounts receivable facility including a $1.2 million  real estate loan to an oil and gas servicing company that focuses on water and mud hauling. The... view press release
June 08, 2015, 07:46 AM


AccuVal-LiquiTec, a leader in oil and gas industry valuations, has issued a new report explaining how plummeting oil prices will affect asset collateral values. Focusing especially on machinery and inventory, the special report details: The oil... view press release
January 27, 2015, 08:03 AM


Allied Affiliated Funding is pleased to announce the following recently closed transaction: A $10,000,000 receivables financing facility that closed and funded within one week of sending out the proposal letter for a full service oil and gas... view press release
October 13, 2014, 08:01 AM


Deloitte Corporate Finance LLC recently named Thomas W. Sloop as managing director in its Houston office. In connection with his new role, Thomas will lead the development of the DCF oil & gas investment banking practice. He will be responsible for... view press release
September 05, 2014, 07:48 AM


Republic Business Credit announced it is supporting a Southwest based energy sector fabrication and repair service business with a $4 million accounts receivable facility to foster the company’s continuing growth.The business had a long term banking... view press release
August 20, 2014, 07:14 AM


Paragon Financial Group announces funding programs for US oil & gas suppliers along the entire supply chain. With over 20 years funding oil & gas suppliers, Paragon Financial understands the industries involved, their specific needs and has created... view press release
March 25, 2014, 06:58 AM


Amerisource announced that it closed and funded a $2 million revolving credit facility for an oil and gas field services provider based in Texas. Proceeds of the facility were used to refinance the company’s existing bank line and to provide... view press release
March 21, 2014, 07:22 AM


PNC Bank announced the closing of a $50 million asset-based loan for Hamilton Metals, Inc. The transaction also includes capital markets and foreign exchange services. Based in Houston, TX, the company is using the funds to refinance existing debt... view press release
March 13, 2014, 07:28 AM


Eagle Energy Trust announced  that the syndicate of lenders for Eagle's credit facility have completed their annual mid-year review and have approved a $ 9 million increase to the borrowing base under the credit facility to $70 million and an... view press release
November 04, 2013, 07:22 AM


To support the rapid growth of its account receivable financing lines in key U.S. commercial markets, which includes oil and gas, staffing and transportation industries, Transfac Capital, Inc. has expanded their corporate headquarters in Salt Lake... view press release
October 15, 2013, 07:12 AM


FX Energy finalized a new five-year, up to $100 Million Senior Reserve Based Lending Facility. BNP Paribas acted as coordinating mandated lead arranger.  ING Bank, present in FX Energy's previous syndicated financing, acted as mandated lead arranger.... view press release
July 15, 2013, 07:34 AM


Transfac Capital, Inc., a specialty finance company providing accounts receivable financing to small and mid-sized companies, announced the expansion of its presence into the Utica and Marcellus Shale fields. Tanya Boczek, Business Development... view press release
June 25, 2013, 08:02 AM


Laredo Petroleum Holdings, Inc. ("Laredo" or the "Company") announced that the Company's senior secured credit facility has been amended to increase the borrowing base to $1 billion from $825 million. Following closing of the Company's previously... view press release
May 30, 2013, 07:09 AM


Republic Business Credit announced it provided a $4 million working capital facility to a growing Gulf Coast based oil field service contractor.The business was looking at many opportunities to expand their services and was being restricted by their... view press release
May 17, 2013, 08:07 AM


US Capital Partners, LLC has provided $22 million in financing for a fast-growing US firm in the oilfield services sector headquartered in Oklahoma. “We are delighted to have supported this fast-growing business in the energy industry,” said Jeffrey... view press release
January 30, 2013, 07:17 AM


Main Street Capital Corporation recently closed two transactions, including a new portfolio investment and the partial exit of an existing portfolio investment. The new portfolio investment includes $40.5 million of invested capital in Quality Lease... view press release
January 10, 2013, 07:31 AM


Prospect Capital provided a $30 million first-lien senior secured loan to support the recapitalization of Spartan Energy Services, a provider of thru tubing and flow control services to oil and gas companies operating throughout the United States.... view press release
January 02, 2013, 07:51 AM