Magnolia Oil and Gas Corp.’s shareholder distribution increase reflects the company’s efforts to maximize shareholder returns.
Atlas Energy, based in Austin, Texas, was reported last year to be preparing for a public listing that could value it at between $2 billion and $3 billion, including debt.
BKV Corp. made the most of its time in the Barnett Shale before filing for IPO in November 2022.
W&T Offshore said its new notes give the company more liquidity to potentially fund higher return accretive capital projects and acquisitions in the near term.
Formerly known as MorningStar Partners LP, TXO Energy is an MLP with primarily conventional-rock operations in the Permian Basin, New Mexico’s San Juan Basin and Colorado led by industry veteran Bob Simpson.
An initial public offering of ADNOC Gas could launch as soon as February as the company sharpens its focus on the gas market as Europe seeks to replace all Russian energy imports as early as mid-2024.
The OPEC Fund for International Development will set aside money for food security, healthcare, infrastructure, education, employment and renewable energy projects.
Wood Mackenzie expects Canada’s largest natural gas producers — Montney Shale producers Tourmaline Oil, Canadian Natural Resources (CNRL) and ARC Resources — to continue to grow their unconventional production in 2023 despite inflation pressures.
Global capex will increase to $575 billion, which is well shy of what is needed to meet long-term oil and gas demand, analysts say.
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.