Equity Company Exchange / Symbol Headquarters Amount Comments Kerr-McGee Corp. (NYSE: KMG) New York City Up to US$1.5 billion Plans to sell US$1- to US$1.5 billion of debt in two parts. Co-lead managers J.P. Morgan and Lehman Brothers Inc. are arranging the sale. NCE Petrofund (Canadian Venture: NCF) Toronto C$97.4 million NCE Petrofund has withdrawn its proposed public offering of 7.6 million trust units in the U.S. and Canada. The offering was to be underwritten by a syndicate managed by Deutsche Banc Alex. Brown and including Lehman Brothers, UBS Warburg, CIBC World Markets and National Bank Financial. Matador Petroleum Corp. (Nasdaq: MATA) Dallas Up to US$77.4 million Withdrew plans for an initial public offering of its common stock, citing market conditions. The company had planned to float 4.3 million shares at $16 to $18 per share. The withdrawal was based on the current market for products and services, current gas and oil prices and the current market for the sale of securities of oil and gas companies. Advantage Energy Income Fund (Toronto: AVN) Calgary C$37.5 million Will sell 5 million trust units at C$7.50 each to a syndicate of underwriters led by Scotia Capital Inc. and including National Bank Financial Inc., CIBC World Markets Inc. and Merrill Lynch Canada Inc. Proceeds will be used to reduce debt, a substantial portion of which was incurred to fund the recent acquisition of Due West Resources Inc., and for general corporate purposes. NAL Oil & Gas Trust (Toronto: NAE) Calgary C$30.15 million Will sell 3.35 million trust units at C$9.00 each.A portion of the net will partially finance the trust's 2001 capital development program. The rest will be used to pay debt of NAL Energy Inc. and NAL Oil & Gas Ltd. Devon Energy Corp. (Amex: DVN) Oklahoma City US$3 billion Will privately place up to US$3 billion worth in notes by Devon Financing Corp. to help fund the acquisition of Anderson Exploration Ltd. and Mitchell Energy & Development Corp. and for general corporate purposes. Plains All American Pipeline LP (NYSE:PAA) Houston US$980 million Has entered into a six-year, US$200-million term loan with a group of institutional lenders. The new loan expands the aggregate commitments available under the partnership's existing US$830-million senior secured credit facility to US$980 million. Proceeds were used to reduce debt outstanding under the revolving portion of the credit facility. Fleet Securities Inc. was sole arranger. EEX Corp (NYSE: EEX) Houston US$350 million Will postpone its offering of US$350 million of seven-year senior unsecured notes because of debt market conditions. Ocean Energy Inc. (NYSE: OEI) Houston US$350 million Sold US$350 million worth of 10-year notes. Credit Suisse First Boston and J.P. Morgan were joint lead managers. Plains Resources Inc. (Amex: PLX) Houston US$225 million Amended a US$225-million senior secured credit facility, to buy back up to US$150 million of its stock, subordinated notes and Plains All American Pipeline LP (NYSE: PAA) units. The credit facility is led by J.P. Morgan Securities Inc. and First Union Securities Inc. Magnum Hunter Resources Inc. (Amex: MHR) Irving, Texas US$160 million Has increased its senior bank credit facility borrowing base US$35 million to US$160 million. The facility is now funded by nine financial institutions, led by Bankers Trust Co., as administrative agent, Canadian Imperial Bank of Commerce, as syndication agent, and BNP Paribas as documentation agent. Three institutions were added to the bank group: Credit Agricole Indosuez, ABB Energy Capital LLC and Hibernia National Bank. Seitel Inc. (NYSE: SEI; Toronto: OSL) Houston US$107 million Will privately place US$107 million worth of unsecured senior notes in three series with institutional investors. Proceeds will be used to convert short-term obligations into long-term debt, at attractive rates, making short-term bank lines available for acquisition of existing seismic databases in North America, expanding and building business in the international markets, stock buybacks and general corporate purposes. Forest Oil Corp. (NYSE: FST) Denver US$65 million Will sell an additional US$65 million in aggregate principal amount of its 8% senior notes due 2008 at a price of 99% plus accrued interest. Forest intends to use the proceeds to pay existing debt. J.P. Morgan is the underwriter. Pioneer Drilling Co. (Amex: PDC) San Antonio US$18 million Will privately place US$18 million of 6.75% convertible subordinated debt. The funds will be used to refinance existing bank debt, to complete the purchase of a newly refurbished National 110-UE SCR rig, to complete the construction of the company's second newly built IRI1700 SCR rig and for general corporate purposes.