BOE Report

Tallgrass Energy Announces Offering of $400 Million of Senior Notes

LEAWOOD, Kan.--(BUSINESS WIRE)--Tallgrass Energy, LP (NYSE: TGE) announced today that, subject to market conditions, its subsidiaries Tallgrass Energy Partners, LP (“TEP”) and Tallgrass Energy Finance Corp. intend to offer $400 million aggregate principal amount of senior unsecured notes due 2023 in a private placement to eligible purchasers (“the Notes Offering”). TEP intends to use the net proceeds of the Notes Offering to repay outstanding [Read more]

Northern Oil and Gas Announces Pricing of Previously Announced Private Offering of Senior Secured Second Lien Notes

MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern” or the “Company”) today announced that it has priced its previously announced private placement under Rule 144A and Regulation S of the Securities Exchange Act of 1933, as amended (the “Securities Act”), to eligible purchasers of $350 million in aggregate principal amount of additional 8.50% Senior Secured Second Lien Notes due 2023 (the “New Senior Secured Notes”) [Read more]

Northern Oil and Gas Announces Entry into Supplemental Indenture to Indenture Governing Its 8.50% Senior Secured Second Lien Notes Due 2023

MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern” or the “Company”) today announced that it has entered into the First Supplemental Indenture (the “First Supplemental Indenture”) to the indenture (the “Indenture”) governing its 8.50% Senior Secured Second Lien Notes due 2023 (the “Second Secured Notes”). As previously announced, Northern received the requisite consents to enter into the First Supplemental Indenture [Read more]

Northern Oil and Gas Announces Proposed Aggregate $350 Million Private Offering of Senior Secured Second Lien Notes

MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern” or the “Company”) today announced that it intends to offer for sale in a private placement under Rule 144A and Regulation S of the Securities Exchange Act of 1933, as amended (the “Securities Act”), to eligible purchasers, $350 million in aggregate principal amount of additional 8.50% Senior Secured Second Lien Notes due 2023 (the “New Senior Secured Notes”). [Read more]

Southwestern Energy Announces Early Results and Upsizing of Cash Tender Offers and Consent Solicitations for Senior Notes

SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (NYSE: SWN) (the “Company”) today announced the early results and increase in the size of its previously announced offers to purchase for cash (collectively, the “Tender Offers” and each a “Tender Offer”) up to a maximum aggregate purchase price (subject to the respective sub-caps and Acceptance Priority Levels as set forth in the table below), excluding accrued interest, equal to $900 million of [Read more]

Northern Oil and Gas, Inc. Announces Successful Completion of Consent Solicitation and Additional Debt Exchanges

MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (“Northern”) (NYSE American: NOG) today announced the successful completion of its previously announced consent solicitation with respect to its outstanding 8.50% senior secured second lien notes due 2023 (the “Senior Secured Notes”). In addition, Northern has entered into two final, separately negotiated exchange agreements with institutional holders of its 8% senior unsecured notes due 2020, [Read more]

Devon Energy Announces Fourth-Quarter 2018 Cash Dividend for Common Stockholders

OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) announced today that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the fourth quarter of 2018. The dividend is payable on Dec. 28, 2018, at a rate of $0.08 per share based on a record date of Dec. 14, 2018. About Devon Energy Devon Energy is a leading independent energy company engaged in finding and producing oil and [Read more]

Prudential Capital Energy Partners raises $343 million for first energy mezzanine fund

DALLAS--(BUSINESS WIRE)--$PRU #energy--Prudential Capital Energy Partners has completed fundraising for its first energy mezzanine fund, Prudential Capital Energy Partners Fund I, L.P., closing at $343 million. Prudential Capital Energy Partners (PCEP) is the middle-market energy mezzanine fund business sponsored by Prudential Capital Group, the $81.4 billion private capital arm of PGIM, the $1 trillion global investment management businesses of Prudential [Read more]

Black Bear Midstream Announces Execution of “Dry” Gas Contract

HOUSTON--(BUSINESS WIRE)--Black Bear Midstream, a portfolio company of funds managed by Oaktree Capital Management, L.P. (“Oaktree”), announced that it entered into a contract to provide “dry” gas gathering service beginning in late 2018. The six-year agreement includes a significant volume commitment and extends Black Bear’s business beyond its core of natural gas processing. Black Bear owns and operates a 140 million cubic feet per day (“mmscf/d”) [Read more]

Baker Hughes, a GE company Announces August 2018 Rig Counts

HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for August 2018 was 1,008, up 11 from the 997 counted in July 2018, and up 56 from the 952 counted in August 2017. The international offshore rig count for August 2018 was 212, down 5 from the 217 counted in July 2018, and up 11 from the 201 counted in August 2017. The average U.S. rig count for August 2018 was unchanged at 1,050 counted in July 2018, and [Read more]