Finance
Finance , Investment , Rig Counts , Service & Supply , Acquisitions & Divestitures , Trends
Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.
Earnings , Finance , Crude Oil , Acquisitions & Divestitures
PrairieSky Adds $6.4MM in Mannville Royalty Interests, Reduces Debt
PrairieSky Royalty said the acquisition was funded with excess earnings from the CA$83 million (US$60.75 million) generated from operations.
Exploration & Production , Crude Oil , Natural Gas , Finance
Ohio Utica’s Ascent Resources Credit Rep Rises on Production, Cash Flow
Ascent Resources received a positive outlook from Fitch Ratings as the company has grown into Ohio’s No. 1 gas and No. 2 Utica oil producer, according to state data.
Finance
PHX Minerals’ Borrowing Base Reaffirmed
PHX Minerals said the company’s credit facility was extended through Sept. 1, 2028.
International , Finance , Natural Gas , Crude Oil
Pemex to Remain Fiscally Challenged for Mexico’s Next President
S&P Global Ratings said Pemex will remain a fiscal challenge for the country’s next president, adding that continued cautious macroeconomic management was key in its ratings on both Mexico and Pemex.
Mergers , Finance , Investment
Diamondback Prices Senior Notes to Help Cover Endeavor Deal Cost
Diamondback Energy’s notes will help cover cash consideration for the pending acquisition of Endeavor Energy as well as repaying debt owed by Endeavor.
Midstream , Finance
Kinetik Holdings Enters Agreement to Pay Debt
Kinetik Holdings entered an agreement with PNC Bank to pay down outstanding debt.
Wind , Finance
Enlight Renewable Energy Wins Funding for Serbian Wind Project
Enlight Renewable Energy said it received a $101 million loan for its second windfarm project in Serbia, which will help the country reduce its dependency on coal-fired power generation.
Finance
Par Pacific Asset-based Revolving Credit Bumped Up by 55%
The amendment increases Par Pacific Holdings’ existing asset-based revolving credit facility to $1.4 billion from $900 million.
Energy Transition , Finance
Government, Private Sector Learning to ‘Dance’ Towards Transition
Panel: Federal loans will continue to play a major role in advancing newer energy technologies.