Top Story | Capital Markets | Debt Exchange/Swaps | Private Equity Activity
Private Equity Firm Rescues Haynesville Driller
Print
|
[Summary : In what seems like an impossible task, Exco Resouces was able to issue new "secured" debt of $300 million to the PE Firms of Oaktree Capital Management and Energy Strategic Advisory Services (“ESAS”), a wholly owned subsidiary of Bluescape Resources Company LLC. In another transaction, the company was able swap its senior second secured for the like amount which was likely done to ensure that secured debts owed to creditors would not lose value.
The company also plans to use half of the new debt to reduce its borrowing base to $150 million.
This influx of cash/credit was greatly needed for Exco who had liquidity of $97 million as of September 30, 2016.
A quick look back at the actions preceeding up to this:
Jan 1, 2017 - Received continued listing notice from the NYSE…- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More Debt Exchange/Swaps News
Hedge Fund Buys $33MM Debt Load from Bakken-Focused E&P
A private hedge fund has bought up a chunk of Northern Oil & Gas' debt, according to a report by Reuters. Angelo, Gordon & Co. purchased $33 million…
SM Energy Tweaks Debt Exchange Plan
SM Energy Co. has amended its pending offers to exchange its outstanding notes listed in the table below for newly issued 10.00% senior secured notes due 2025 after…
Centennial Finalizes $450MM Debt Swap Transaction
Centennial Resource Development Inc. has finalized a ~$450 million debt swap transaction. Centennial offered to all eligible holders to exchange any and all of their outstanding 5.375% Senior…
Diamondback Subsidiary Energen Launches $400MM Debt Exchange
Diamondback Energy Inc. subsidiary Energen Corp. has commenced a cash tender offer to purchase any and all of Energen's 4.625% Senior Notes due 2021. As of May 15,…
Centennial Resources Offering Debt Swap
Centennial Resources is looking to exhange its 2026 and 2027 notes.
Ark-La-Tex News
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Diversified Energy Striking While the Iron is Hot in East Texas
Transaction Summary Diversified Energy has entered into a definitive purchase and sale agreement to acquire high-working interest, natural gas producing assets in East Texas from Sheridan Production for…
Mitsubishi to Buy Aethon for ~$5.2B, Taking Scaled Haynesville Gas Platform
Mitsubishi Corporation has agreed to acquire Aethon (Aethon III LLC, Aethon United LP and related entities) for a total equity investment of approximately $5.2 billion, delivering Mitsubishi a…
An Eagle Ford Team That Cashed Out Is Back for Another Cycle
Houston — January 15, 2026 — Lime Rock Partners, a Houston-based private investment firm specializing in upstream oil and gas, has completed an equity commitment to Athena Energy…
Gulf Coast - South Texas News
Silver Hill Expands South Texas Footprint with Acquisition of 1776 Energy Assets
Silver Hill Energy Partners has acquired 100 percent of 1776 Energy’s South Texas oil and gas assets, significantly expanding its operated footprint across the Eagle Ford and Austin…
Murphy’s Eagle Ford Keeps Getting Better
Murphy Oil walked into Q3 2025 with a simple message: operations are clicking again, and the company is delivering production and cost performance that gives them flexibility heading…
Baytex Sells Eagle Ford to Re-Weight the Portfolio to Canada
Baytex Energy has announced a major portfolio shift: the Company is divesting its entire U.S. Eagle Ford position for US$2.305 billion in cash to an undisclosed buyer. The…
Amplify Exits Haynesville and Cotton Valley
Amplify Energy announced a series of transactions that will result in a complete exit from its interests in East Texas for total anticipated combined consideration of $127.5 million.…
From Hedge Funds to Supermajors: Everyone Wants Hub-Linked Gas
TotalEnergies has signed a deal to acquire a 49% non-operated interest in Continental Resources’ Anadarko Basin natural-gas assets in Oklahoma—low-cost, long-plateau rock tied into existing midstream and well…