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.
Articles from Offering
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.
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.
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.
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.
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.