Oil & Gas Drilling

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PT Apexindo Pratama Duta Tbk announces merger with PT Apexindo Energi Investama

Wednesday, 2 Jul 2014 08:00pm EDT

PT Apexindo Pratama Duta Tbk:Says merger of company and PT Apexindo Energi Investama took effect on July 1, where the company is the surviving entity.No further details have been disclosed.

Patterson-UTI Energy Inc completed previously announced pressure pumping acquisition

Tuesday, 17 Jun 2014 06:00am EDT

Patterson-UTI Energy Inc:Completed previously announced acquisition of East Texas-based pressure pumping operations of privately held company.Acquisition included 31,500 horsepower of hydraulic fracturing equipment and provides Patterson-UTI with a new base of operations and employees to efficiently support drilling programs in East Texas and Louisiana.Patterson-UTI now has more than 790,000 horsepower of hydraulic fracturing equipment, including the equipment acquired in this transaction.

NK Neftisa acquires 77.86 pct of Udmurtgeologiya OAO shares-AK&M

Sunday, 8 Jun 2014 08:00pm EDT

Udmurtgeologiya OAO:On June 5, Neftyanaya kompaniya Neftisa OJSC (NK Neftisa) acquired 77.86 percent of the shares in Udmurtgeologiya OAO, the company informed-AK&M.The transaction value was not disclosed in the statement.As reported, on Aug. 20, 2013, RussNeft withdrew from the authorized capital of Udmurtgeologiya OAO, selling its 45.098 percent stake.

Patterson-UTI Energy announces agreement to acquire east texas-based pressure pumping operations

Friday, 6 Jun 2014 06:00am EDT

Patterson-UTI Energy Inc:Enters into an agreement to acquire the East Texas-based pressure pumping operations of a privately held company.Acquisition includes 31,500 horsepower of hydraulic fracturing equipment and provides Patterson-UTI with a new base of operations and employees to efficiently support drilling programs in East Texas and Louisiana.

Swede Resources updates on acquisition of US Energy Growth AB (publ); proposes name change

Friday, 30 May 2014 03:02am EDT

Swede Resources publ AB:Carries out the earlier announced acquisition of US Energy Growth AB (publ).So far has acquired about 70 percent of shares in US Energy Growth and plans to acquire the remaining shares.To finalize the acquisition proposes new share issue and securing financing from GEM Global Yield Fund of 40 million Swedish crowns.Proposes name change to US Energy Group AB (publ).

Hi-Crush Partners LP completes acquisition of augusta facility and closes long-term financing transactions

Monday, 28 Apr 2014 07:00pm EDT

Hi-Crush Partners LP:Announces completion of its previously announced acquisition of certain equity interests in Hi-Crush Augusta LLC.Acquisition consideration of $224.25 million.Hi-Crush now owns 98 pct. of Augusta's common equity interests.Hi-Crush also announced that it closed on a new $200 million Senior Secured Term Loan Credit Facility.The borrowings under the Term Loan Facility were used to partially fund the Augusta acquisition and to pay related fees and expenses.The Term Loan Facility will bear interest at LIBOR plus 3.75 pct. per annum with a 1.00 pct. LIBOR floor, is priced at 99.0 pct. of par value, and will mature in 2021.The term loan was rated B+ (Stable) by Standard and Poor's Ratings Agency and B2 (Stable) by Moody's Investor Service.Hi-Crush also announced that it has closed on a new five-year $150 million Revolving Credit Facility.The Revolving Credit Facility, currently undrawn, will mature in 2019.The primary purpose of the Revolving Credit Facility is to finance future expansion activities, as well as for general corporate purposes.

Hi-Crush Partners LP announces acquisition of Hi-Crush Augusta LLC; updates Q1 2014 EBITDA outlook to a range below analysts' estimates

Tuesday, 8 Apr 2014 04:00pm EDT

Hi-Crush Partners LP:Enters into a contribution agreement with Hi-Crush Proppants LLC (the Sponsor) to acquire certain equity interests in Hi-Crush Augusta LLC (Augusta), the entity that owns the Sponsor`s raw frac sand processing facility located in Augusta, Wisconsin.Under the terms of the transaction, the partnership will pay cash consideration of $224.25 mln.At the closing of the acquisition, the partnership`s preferred equity interest in Augusta will be converted into common equity interests in Augusta, and the Partnership will own 98 pct of Augusta`s common equity interests.Acquisition is expected to close by mid-May 2014.Barclays acted as financial advisor to Hi-Crush Proppants LLC.Expects Q1 2014 EBITDA to be in the range of $18.8-$19.5 mln.Q1 2014 EBITDA of $22.3 mln - Thomson Reuters I/B/E/S.

SeaDrill Ltd to sell the ultra-deepwater drillship, the West Auriga to Seadrill Partners LLC

Tuesday, 11 Mar 2014 04:38pm EDT

SeaDrill Ltd:Entered into agreement with Seadrill Partners.The company will sell to Seadrill Capricorn Holdings LLC, Seadrill Partners' 51pct owned subsidiary all of the ownership interests in the entities that own and operate the drillship, the West Auriga.

Swede Resources publ AB intends to acquire U.S. Energy Growth AB (publ)

Friday, 21 Feb 2014 02:36am EST

Swede Resources publ AB:Says its board of directors intends to acquire U.S. Energy Growth AB (publ), which owns and operates oil and natural gas wells in Texas.Says the acquisition will be paid by newly issued shares.Says shareholders of the U.S. Energy Growth AB will be offered about 72 million shares of Swede Resources AB resulting in an ownership of about 80 pct following the acquisition.

Songa Offshore SE announces final result and settlement of mandatory offer by Perestroika AS

Tuesday, 28 Jan 2014 02:44am EST

Songa Offshore SE:Says the acceptance period of the mandatory offer made by Perestroika AS expired on Jan. 21.Says the final result of the offer shows that Perestroika received 46 acceptances for a total of 555,028 shares, corresponding to about 0.06 percent of the share capital and voting rights in the company.Says settlement pursuant to the offer was made on Jan. 27 and all accepting shareholders are expected to receive their respective settlement amounts on or about Jan. 28.Says that following completion of the offer, Perestroika will hold a total of 439,385,222 shares in the company, corresponding to about 54.05 percent of the share capital and voting rights.Says that together with related parties, Perestroika will hold 446,744,222 shares in the company, corresponding to about 54.95 percent of the share capital and voting rights.

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