(Source: Shutterstock)
North American midstream company Pembina Pipeline Corp. completed its redemption of $150 million (US$110.05 million) aggregate principal amount of its series 19 senior unsecured medium-term notes for cash on July 6, according to a July 8 press release.
The redemption is part of Pembina’s outstanding $300 million (US$220.04 million) aggregate principal amount of senior unsecured medium-term, series 19 notes due June 22, 2026.
The subject notes were redeemed at a redemption price of approximately $1,002.19 per $1,000 principal amount of subject notes.
Pembina said it funded the redemption through a portion of the net proceeds of the company’s recently completed offer of $950 million (US$ 696.8 million) aggregate principal amount of senior unsecured medium-term notes.
RELATED
Recommended Reading
Exxon Plans Longest 20,000-Ft Wells on Pioneer’s Midland Asset
2024-11-04 - Exxon Mobil has already drilled some of the longest wells in the New Mexico Delaware Basin. Now, the Texas-based supermajor looks to go longer on Pioneer’s Midland Basin asset.
Freshly Public New Era Touts Net-Zero NatGas Permian Data Centers
2024-12-11 - New Era Helium and Sharon AI have signed a letter of intent for a joint venture to develop and operate a 250-megawatt data center in the Permian Basin.
Shale Outlook: E&Ps Making More U-Turn Laterals, Problem-Free
2025-01-09 - Of the more than 70 horseshoe wells drilled to date, half came in the first nine months of 2024 as operators found 2-mile, single-section laterals more economic than a pair of 1-mile straight holes.
Utica’s Encino Boasts Four Pillars to Claim Top Appalachian Oil Producer
2024-11-08 - Encino’s aggressive expansion in the Utica shale has not only reshaped its business, but also set new benchmarks for operational excellence in the sector.
Formentera Joins EOG in Wildcatting South Texas’ Oily Pearsall Pay
2025-01-15 - Known in the past as a “heartbreak shale,” Formentera Partners is counting on bigger completions and longer laterals to crack the Pearsall code, Managing Partner Bryan Sheffield said. EOG Resources is also exploring the shale.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.