Houston-based, privately held Belden & Blake Corp. plans to redeem all of its remaining outstanding 8.75% senior secured notes due 2012. The current outstanding balance is $139.475 million.
The company expects to redeem the notes on May 24, 2011, at a redemption price of 100% of their principal amount, plus accrued and unpaid interest to the redemption date.
Cede & Co., the record holder for each of the notes, as nominee of The Depository Trust Co., has been notified of the redemption. DTC will manage all communication with broker-dealer firms and underlying beneficial owners. The company has no control over the DTC redemption process. Owners of notes should contact their financial advisers for more specific details regarding their broker-dealer's procedures.
Belden & Blake is an independent energy company engaged in the exploitation, development, production, operation and acquisition of oil and natural gas properties.
Recommended Reading
For Sale, Again: Oily Northern Midland’s HighPeak Energy
2024-03-08 - The E&P is looking to hitch a ride on heated, renewed Permian Basin M&A.
E&P Highlights: Feb. 26, 2024
2024-02-26 - Here’s a roundup of the latest E&P headlines, including interest in some projects changing hands and new contract awards.
Gibson, SOGDC to Develop Oil, Gas Facilities at Industrial Park in Malaysia
2024-02-14 - Sabah Oil & Gas Development Corp. says its collaboration with Gibson Shipbrokers will unlock energy availability for domestic and international markets.
E&P Highlights: Feb. 16, 2024
2024-02-19 - From the mobile offshore production unit arriving at the Nong Yao Field offshore Thailand to approval for the Castorone vessel to resume operations, below is a compilation of the latest headlines in the E&P space.
TotalEnergies Acquires Eagle Ford Interest, Ups Texas NatGas Production
2024-04-08 - TotalEnergies’ 20% interest in the Eagle Ford’s Dorado Field will increase its natural gas production in Texas by 50 MMcf/d in 2024.