Equity Company Exchange / Symbol Headquarters Amount Comments El Paso Corp. (NYSE: EP) Houston US$1.56 billion Sold more than 45 million shares at US$19.95 each and 10 million 9% equity security units at US$50 each. Proceeds will pay debt and be used for general corporate purposes. Credit Suisse First Boston Corp. and JP Morgan Securities Inc. were agents. DTE Energy (NYSE: DTE) Detroit US$387.9 million Plans to issue 5.5 million shares at US$43.25 each and 6 million equity units at US$25 each. The units consist of an unsecured US$25 senior note and a contract to purchase common stock in the future. Salomon Smith Barney and UBS Warburg were agents. Transocean Inc. (NYSE: RIG) Houston US$100 million Plans to offer 20% of its shallow-water rig and inland-barge business in an initial public offering. Proceeds will pay debt. Plains Exploration & Production Co. NA Houston US$100 million Is planning a US$100-million initial public offering. The proceeds will pay debt and be used for general corporate purposes. Teppco Partners LP (NYSE: TPP) Houston US$86 million Plans to issue 3 million units at US$30.15 each. Salomon Smith Barney Inc. and UBS Warburg LLC are agents. Proceeds will pay debt. The underwriters have the option to purchase up to 450,000 units to cover over-allotments. Northern Border Partners LP (NYSE: NBP) Omaha, Neb. US$68 million Plans to issue 2 million units at US$35.50 each. UBS Warburg LLC and Salomon Smith Barney Inc. are agents. Proceeds will pay debt. McMoRan Exploration Co. (NYSE: MMR) New Orleans US$33.5 milion Issued 1.4 million shares of 5% convertible preferred stock. Proceeds will pay debt and be used for other corporate purposes. Enerchem International Inc. (Toronto: ECH) Calgary C$15 million Issued 3 million common shares at C$5 each. Sprott Securities Inc. was agent. Proceeds will pay debt. Rock Creek Resources Ltd. (Toronto: RCR) Calgary C$8.2 million Sold 8,180 units in its initial public offering. Griffiths McBurney & Partners was underwriter. Bow Valley Energy Ltd. (Toronto: BVX) Calgary C$8.84 million Issued 6.1 million subscription receipts at C$1.45 each. Each subscription is exchangeable into one share of Boundary Creek Resources Ltd. The company is acquiring Boundary. Debt Arena Resources Inc. (OTC BB: ARRI) Tulsa, Okla. US$3 million Privately placed 1.89 million shares of 10% cumulative preferred stock at US$1.75 each. Proceeds will fund development and acquisitions. Defiant Energy Corp. (Toronto: DEF) Calgary Up to C$6 million Plan to issue up to 1.79 million common shares at C$1.40 each and up 2.19 million flow-through shares at C$1.60 each. Raymond James Ltd. and Dominick & Dominick Securities Inc. are managers. Dominion Resources Inc. (NYSE: D) Richmond, Va. US$500 million Sold US$500 million in 10-year senior notes. Barclays Capital and J.P. Morgan were agents. NRG Energy Inc. (NYSE: NRG) Minneapolis US$325 million Issued US$325 million of floating-rate senior secured bonds due in 2019. The Houston Exploration Co. (NYSE: THX) Houston US$300 million Received a US$300-million three-year unsecured revolving credit facility, replacing its existing US$250 million facility. The new facility is financed by Wachovia Bank NA, Bank of Nova Scotia, Fleet National Bank and BNP Paribas. Plains Exploration & Production Co. NA Houston US$200 million Sold US$200 million of 10-year senior subordinated notes. The deal was decreased to $200 million from an originally planned $250 million. J.P. Morgan and Goldman Sachs & Co. were agents. Encore Acquisition Co. (NYSE: EAC) Fort Worth, Texas US$150 million Sold US$150 million of 8.375% senior subordinated notes due June 15, 2012. Proceeds will pay debt. CNPC HK Ltd. (Pink Sheets: CKKHF) Singapore US$100 million Plans to borrow US$100 million from Sumitomo Mitsui Banking Corp. and other banks to fund acquisitions in central Asia, the Middle East and South America, according to Dow Jones. Petroleum Development Corp. (Nasdaq: PETD) Bridgeport, W.Va. US$100 million Received a US$100 million credit facility from Bank One NA and BNP Paribas. Stafford Energy Inc. (OTC BB: SFD) Carson City, Nev. US$10 million Has received a credit facility of US$10 million from The Roma Group Inc. Vaalco Energy Inc. (OTC BB: VEIX) Houston US$10 million Received a credit facility of US$10 million from 1818 Fund II LP. Proceeds will fund development. Connacher Oil and Gas Ltd. (Canadian Venture: CLL) Calgary C$4 million Received a secured C$4-million credit facility, comprised of a C$3-million reserve-base revolving line and a C$1-million acquisition and development drilling line from a Canadian bank.
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