Tag: Public Offering
US oil/gas industry raised $186 billion through public offerings in 2016
2017 pace picking up on rebounding commodity prices, surge in M&A activity Depressed oil prices took the wind out of US oil and gas capital markets in 2016, according to a new report from PLS Inc., a Houston-based oil and gas research firm. Report highlights: 2016 aggregate value of $186 billion across 346 bond and equity […]
Encana selling $1 billion worth of shares for Permian Basin expansion
Encana is expecting twice the amount of Permian wells on stream in 2017 compared to 2016 Encana Corporation announced a public offering to sell 107 million shares at an offering price of US$9.35 per share, for gross proceeds of US$1,000,450,000. Calgary-based Encana intends to use about half of the proceeds to fund it’s 2017 capital program, which will focus […]
Contango purchases Southern Delaware Basin acreage for $25 million
Acreage located in western Pecos County, Texas, with 157 potential well locations HOUSTON, Texas – Contango Oil & Gas Company says that it has an agreement with a private oil and gas company to purchase one-half of the seller’s interests in approximately 12,100 gross undeveloped acres for up to $25 million in the Southern Delaware Basin of […]
Pioneer Natural Resources produces more oil in 2015 than forecast
Pioneer Natural Resources expects 2015 production growth of 12% compared to 2014, increase from previous guidance of 11% Pioneer Natural Resources says it produced more oil than forecast earlier and the company is raising $1.4 billion, partly to continue developing West Texas fields. “The performance from our Spraberry/Wolfcamp horizontal drilling program continues to be outstanding,” said […]
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