Clayton Williams Energy Inc : Clayton Williams Energy announces agreement to sell $150 million of common stock . Proceeds from sale will provide liquidity for potential debt reduction transactions related to 2019 senior notes among others . Ares will have right to nominate one of two new directors, subject to approval by board's nominating and governance committee . Sale for cash proceeds of $150 million, or approximately $29.70 per share . Transaction was approved by board of directors . Sale of 5.1 million shares of common stock to funds managed by Ares Management, L.P. . Lenders under co's term loan credit facility waived certain restrictions to enable co to use proceeds from equity issuances . Board of directors will be expanded from seven to nine directors .Is seeking a successor to Michael Pollard, chief financial officer, who has announced his desire to step down as CFO.
Hindustan Oil Exploration Co Ltd : June-quarter net profit 92.7 million rupees; income from operations 60 million rupees .
Indian Oil Corpn Ltd : Clarifies on news item "IOC in talks to buy GSPC's stake in Mundra LNG terminal" . Only very preliminary talks have been held with GSPC and no tangible development has happened till date .
PTT Exploration and Production PCL : On 21 July, consortium consisting of unit, Kufpec Malaysia and Petronas Carigali signed production sharing contract . contract with Petroleum National Bhd for exploration and production rights of Block SK410B, Offshore Sarawak, Malaysia .
State Bank of India: SBI signs mou with Indian Oil Corporation to empower Indian farmers . SBI - MOU to engage IOC's Kisan Seva Kendras (KSK) as business correspondents (BCS) of SBI . SBI - MOU to enable KSKs to make banking facilities available in remote parts of country and supplement income by earning revenue on banking transactions .
Brookside Energy Ltd : Brookside secures stack joint venture partner . Joint venture delivers capital at the asset level to fund initial development of brookside's stack acreage . US$3.5 million drilling joint venture to fund brookside's interest in up to ten (10) stack wells . Reached an in-principle agreement for a joint venture between merchant funds management pty ltd and brk Oklahoma holdings, llc .
Sino Gas & Energy Holdings Ltd : Sanjiaobei pilot gas sales allocation agreement reached . Agreement with petrochina cbm reached on the allocation of pilot gas sold from the sanjiaobei psc . Sanjiaobei cgs to be brought back on-stream and ramped up to full capacity of about 8 mmscf/d over the second half of 2016 . about US$2 million expected to be received in Q3 of 2016 by the joint venture for gross gas sold from the sanjiaobei psc to date .
Halcon Resources Corp : Provided an update on its restructuring plans as well as an update on its Q2 earnings timing . Says postponed reporting its Q2 earnings and filing its form 10-Q to a date no later than August 9, 2016 . Solicitation led to obtaining necessary threshold consent levels from affected stakeholders required to consummate chapter 11 filing . On july 20, 2016, Halcón completed a 30-day solicitation seeking support for restructuring plan from affected stakeholders . On july 20, 2016, Halcón completed a 30-day solicitation seeking support for restructuring plan from affected stakeholders .Reached deal with certain holders of 8.625%, 12.0% 2nd lien notes due 2020 and 2022 regarding certain amendments to 2l note indentures.
Contango Oil & Gas Co : Has priced a public offering of 5 million shares of its common stock for total gross proceeds of $50 million . Contango announces pricing of common stock offering .Says offering 5.00 million common shares.
Rice Midstream Partners LP : Rice Midstream Partners increases quarterly distribution . New distribution is an increase of $0.0135 per unit, or 6% above Q1 2016 distribution. . Rice Midstream Partners increases quarterly distribution .Rice Midstream Partners LP says board of directors of its general partner has approved a cash distribution of $0.2235 per unit for Q2 2016.