Wednesday, June 4, 2025

Chaparral Energy Prices $300 Million Offering of Senior Notes

Chaparral Energy, Inc. (OTCQB:CHPE) announced today it has priced $300 million of 8.750% senior unsecured notes due 2023. The company intends to use the net proceeds from the offering to pay down the outstanding balance of its revolving credit facility and for general corporate purposes. The offering is expected to close on June 29, 2018, subject to customary closing conditions.

Oil Surplus Makes Surprise Return Despite OPEC Cuts, IEA Says - Oil&Gas360

Newcomer to OPEC May Boost Output as Much as 65% This Year

From Bloomberg The Republic of Congo expects to raise oil production by as much 65 percent this year as two new projects come on stream, Hydrocarbons Minister Jean-Marc Thystere-Tchicaya said. Congo joined OPEC last week and plans to open up its oil industry, which the government says is dominated by Total SA and Eni SpA, to new investors. Sub-Saharan Africa’s

Privates are Driving the Pace of Growth in the Permian

From Argus Media — Private companies in the Permian basin are taking a larger role in driving output growth in the region as publicly-traded producers bow to investor pressure to curtail spending and cut drilling. Investors poured billions of dollars into acquiring acreage in the Permian basin in 2016-17 by backing both public and private companies or by setting up