Antero Resources Corp. said Thursday that it earned more than $1 billion through a stock offering and changes to its natural gas hedge portfolio, securing some of the cash it needs to support year/year production growth of 20-22% through 2020.
Offering
Articles from Offering
Briefs — Silver Run
Houston-based Silver Run Acquisition Corp. II, an energy-focused special purpose entity sponsored by an affiliate of Riverstone Holdings LLC, has closed its initial public offering (IPO) for $1.035 billion gross. The record-breaking blank check offering, headed by former Anadarko Petroleum Corp. CEO Jim Hackett, plans to enter into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination “with one or more businesses.” The IPO was priced at $10/share and sold 103.5 million units, including 13.5 million in the over-allotment option. The initial Silver Run blank check offering, now Centennial Resource Development Inc., is targeting the Permian Basin.
U.S. Energy Sector Likely to See More Equity, Bond Offerings in 2017
As capital comes to the forefront and public offerings gain steam, the U.S. energy sector this year should see sustained growth from equity and bond offerings, according to PLS Inc.
Ultra Reaches Reorganization Agreements With Majorities of Shareholders, Creditors
Nearly seven months after voluntarily filing for bankruptcy protection, Ultra Petroleum Corp. said it has reached agreements to reorganize with majorities of its shareholders and creditors.

Williams Suing Energy Transfer, Still Committed to Merger
The Williams Companies Inc. (WMB) is suing would-be merger partner Energy Transfer Equity LP (ETE) and ETE CEO Kelcy Warren over a recent private offering of ETE units and alleged interference with the merger plan by Warren.
NGI The Weekly Gas Market Report
Columbia Pipeline Group Nets $1.4B From Stock Offering
Columbia Pipeline Group. Inc. (CPGX) said it raised about $1.4 billion from its public offering of 71.5 million shares. Underwriters exercised their option to purchase an additional 10.725 million shares, the company said.
Columbia Pipeline Group Expands Stock Offering, Hopes to Raise $1.25B
One day after announcing it would offer 51 million shares of common stock, Columbia Pipeline Group. Inc. (CPGX) hit the gas Wednesday and said it was expanding the offering to 71.5 million shares, a move that appears meant to allay financial analysts’ doubts that the company can fund billions of midstream investments in 2016.
Another Energy IPO, Another Big Opening Day
Onshore natural gas driller Memorial Resource Development Corp. rocked the Nasdaq Friday, its first trading day, with the stock gaining close to 17% from the opening price of $19.00.
Onshore Operator EP Energy Launches IPO
EP Energy LLC, a privately held explorer formed from spun-off assets of the former El Paso Corp., launched Friday on the New York Stock Exchange.
Enable Midstream Files for IPO
Recently launched Enable Midstream Partners LP has filed with the U.S. Securities and Exchange Commission for a proposed initial public offering (IPO) of common units representing limited partner interests.