Financing

Most of the top financial officers of oil and natural gas companies expect 2023 to bring increases to profitability as a result of post-Covid demand recovery and investors “warming to the industry,” according to a recent survey from BDO USA LLP. In the face of a potential economic downturn this year, energy companies are still…

Banks that actively lend to the oil and natural gas sector are upbeat about strong commodity prices and rising production activity that necessitate new and expanded exploration and drilling projects – and financing to make it happen. Some are reporting loan growth as a result. Others look for increased lending to develop as the year…

Permian Basin-focused Solaris Midstream Holdings Inc. said it has completed offering $400 million in senior unsecured notes for the first sustainability linked bond (SLB) in the produced water infrastructure industry. The Houston-based operator, parent company to Solaris Water Midstream LLC, said the notes were a “landmark issuance.” SLBs, which are used for general corporate purposes,…

Mozambique liquefied natural gas (LNG), the nation’s first onshore export project, is set to finalize $15 billion of financing commitments this month, according to South Africa’s Rand Merchant Bank (RMB), which is among those funding the facility.

A $400 million capital commitment for Camelback Midstream Holdings, and a separate $750 million loan for NuStar Energy LP should help the Lower 48 operators improve their bottom lines.

Investment dollars are flowing into Mexico’s energy sector faster than meaningful projects and market designs can be put together, according to experts.

Fairmont Brine Processing LLC, which currently operates an oil and natural gas wastewater treatment facility in Marion County, WV, has closed on a $90 million senior secured credit facility with the investment firm Benefit Street Partners (BSP) LLC to construct additional plants in the Appalachian Basin.

Omaha-based Tenaska this week said it has completed $780 million of financing for the Westmoreland Generating Station, a 925 MW natural gas-fired power plant to be located in Southwest Pennsylvania.

Fairmont Brine Processing LLC, which currently operates an oil and natural gas wastewater treatment facility in Marion County, WV, has closed on a $90 million senior secured credit facility with the investment firm Benefit Street Partners (BSP) LLC to construct additional plants in the Appalachian Basin.