Public Capital

Public Capital , Exploration & Production

W&T Offshore Prices $275 Million in Private Notes Offering

The company intends to use the net proceeds of the offering, along with cash on hand, to redeem all of its 9.75% senior second lien notes due in 2023.

January 13, 2023

Public Capital , ESG

PNC Ups Pledge for Environmental Financing to $30 Billion

The $30 billion will finance low-carbon investments like green buildings, renewable energy and clean transportation.

January 11, 2023

Public Capital , Liquefied Natural Gas

Gunvor Group Closes $1.56 Billion Credit Facility for LNG

The credit arrangement launched at $1.2 billion was oversubscribed and increased from $1.135 billion to $1.565 billion, Gunvor Group said.

January 11, 2023

Public Capital , Unconventional , ESG

Civitas Resources C-Suite Chat: Rising to the Challenge(s)

Civitas Resources in the D-J Basin is aligning executive compensation with stakeholders, meeting emissions reduction targets and is on target to generate $1 billion in annual free cash flow this year. And inside its C-suite, a millennial woman from Colombia is showing everyone how it’s done.

December 1, 2022

Public Capital , Methane , Shale Plays

Coterra Energy to Pay $16.3 Million for Pennsylvania Water Contamination Plea

The Pennsylvania attorney general charged Coterra Energy in 2020 after a grand jury investigation showed that drilling unconventional gas wells by the company had been responsible for methane pollution in the local water supply.

November 30, 2022

Public Capital , Executive Oil Conference , Acquisitions & Divestitures

Permian Resources Could Entertain Value Propositions Next Year, Co-CEO Says

Recently formed Permian Resources isn’t averse to looking at value propositions but at the moment the company is focused on driving synergies and creating shareholder value, Co-CEO Will Hickey told attendees of Hart Energy’s Executive Oil Conference.

November 22, 2022

Public Capital , Unconventional , Energy Transition

BP Praises Biden Climate Law While Expanding US Shale

The British company’s U.S. boss Dave Lawler says Biden’s Inflation Reduction Act has put the oil major’s green plans on “steroids.”

November 22, 2022

Public Capital , Shale Plays , Acquisitions & Divestitures

Texas Shale Producer Ranger Oil Explores Sale, Sources Say

Shares in Ranger Oil, which operates in the Eagle Ford Shale, jumped over 5% on Nov. 18 after Reuters reported the company’s sale efforts.

November 21, 2022

IPO , Shale Plays

Barnett Shale’s Largest Producer BKV Corp Files for IPO

The company, which also has assets in the Marcellus, has an integrated approach that includes upstream, midstream, power generation and carbon capture business lines.

November 18, 2022

Public Capital , Unconventional , Acquisitions & Divestitures

Diamondback Flexes Equity Muscles in $3.3 Billion Lario, FireBird Deals

Diamondback, Marathon Oil and Devon have dominated second-half M&A thanks to higher EBITDA multiples and yields than smaller E&P competitors can offer.

November 18, 2022