Centennial Resource Development intends to raise up to $500m through the issue of common shares and convertible preferred shares to Riverstone Holdings.
The company has appointed Weil, Gotshal & Manges as legal advisor for the placement.
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The proceeds from the issue are intended to be used by the company to acquire oil and gas properties in Delaware Basin from Silverback Exploration.
Newpark Resources has announced the pricing of 4% convertible senior notes to raise $87.5m in a private placement.
Initial buyers have a 30-day option to buy additional notes worth up to $12.5m and the convertible senior notes will yield a payable semi-annual interest rate, payable until 2021.
The net proceeds from the placement are intended to be used by the company to settle existing liabilities and for general corporate functions.
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By GlobalDataRaging River Exploration has completed the acquisition of oil and gas assets located in the Viking light oil fairway in Kerrobert and Lucky Hills areas, south-west Saskatchewan, Canada.
The deal involved a cash consideration of $42.8m, which was funded by the company using its existing credit facilities.
The assets extend across 15,360 net acres of land and contain 100 net horizontal wells. The transaction also involved the sale of associated natural gas processing facility and pipeline network.
Ancala Midstream Acquisitions has entered an agreement with Apache Beryl I, a subsidiary of Apache Corporation, to acquire a 30.28% stake in Scottish Area Gas Evacuation (SAGE) system and a 60.56% stake in the UK-based Beryl pipeline.
The SAGE system includes the 323km-long SAGE pipeline, which transfers gas from the northern part of the Central North Sea to the SAGE terminal at St Fergus, UK. The Beryl pipeline links the SAGE and Beryl field in the north-east of Aberdeen.
Ancala Midstream plans to appoint Wood Group as the operating partner to supervise the operations of the SAGE and the Beryl pipelines.
The deal is scheduled for completion in the first half of 2017.
Krewe Energy has completed the acquisition of West Little Lake field in Jefferson Parish, Louisiana, US, from Hilcorp Energy Company.
The West Little Lake field is situated next to the Little Lake field operated by Krewe Energy.
The transaction increased Krewe Energy’s lease position in the Little Lake field area to approximately 2,200 acres, resulting in an immediate increase in production.
