Saturday, September 27, 2025
Bill Barrett

Fifth Creek Energy, Bill Barrett Corporation to Merge in $649 Million Deal

Bill Barrett (ticker: BBG) announced the acquisition of Fifth Creek Energy after markets closed Tuesday, in a transaction valued at about $650 million. The agreement will see Bill Barrett and Fifth Creek each become subsidiaries of a new holding company, referred to as “New BBG.” Bill Barrett’s shareholders will exchange their shares for New BBG shares on a 1-for-1 basis,

DNB Sees Bullish Signals in the Shale Patch - Oil & Gas 360

Husky Energy Issues 2018 Budget, Production Guidance

Husky Energy (ticker: HSE) is moving ahead with several projects expected to contribute to a compound annual production growth rate of 7% over the next four years, with production rising to 400,000 BOEPD in 2021. 2018 plan highlights Funds from operations are anticipated to exceed $4 billion and free cash flow is expected to be about $1 billion at pricing

Statoil Greenlights Largest Offshore Project This Year

Johan Castberg will cost $6 billion Norway’s Statoil (ticker: STO) approved the largest offshore development this year today, approving the Johan Castberg project in the arctic Barents Sea. Discovered in 2011, Johan Castberg is farther north than Prudhoe Bay in Alaska. Several exploratory wells have indicated the field has significant oil reserves, but its remoteness makes development a challenge. Original

Earthstone Energy Increases Borrowing Base to $185 Million

Earthstone Energy, Inc. (ticker: ESTE) said that its borrowing base under its senior secured revolving credit facility has been increased from $150 to $185 million in connection with its regularly scheduled fall redetermination. The $185 million borrowing base will not be reduced upon closing of the company’s previously announced agreement to sell its Bakken assets. Executive VP and CFO Mark

EnCap Closes 20th Fund

$7 billion commitment exceeds $6.5 billion goal EnCap Investments announced it has closed EnCap Energy Capital Fund XI, which achieved capital commitments above its target. EnCap raised a total of $7 billion for this new fund, above its $6.5 billion goal. EnCap ‘s new fund follows its $6.5 billion predecessor, which was formed in April 2015. That fund is now

Continental Resources Announces Pricing of $1 Billion Offering

Continental Resources, Inc. (ticker: CLR) announced today the pricing of its private placement of $1 billion of new 4 3/8% senior unsecured notes due 2028. The notes were sold at par. The offering is expected to close on December 8, 2017. The company intendeds to use the net proceeds from this offering to repay in full and terminate its $500