Laura Martone has rejoined Haynes and Boone as partner in the firm’s New York office. Her practice focuses on finance transactions, including oil and gas finance, renewable energy, commodity finance and trading, and real estate lending.Martone...
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March 04, 2022, 08:00 AM
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Buyers in the quickly rebounding oil-and-gas sector can acquire well production, test equipment and other assets in a timed, online auction by Tiger Group and Liquidity Services.Bidding on the diverse array of assets from PPS Operators, LLC, opens on...
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February 10, 2022, 06:07 AM
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Stonebriar Commercial Finance closed a $180 million senior secured term loan with a premier low-cost producer of quality sand to the Permian Basin. This facility represents Stonebriar’s fifth closed transaction with the borrower and its affiliates....
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October 26, 2021, 08:00 AM
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InPlay Oil Corp. announced that the annual renewal of its syndicated Senior Credit Facility by its lenders has been completed on a fully conforming basis.InPlay’s Senior Credit Facility has been reconfirmed at $65 million, comprised of a $55 million...
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July 02, 2021, 07:00 AM
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As the stocks of oil and gas producers endured major selloffs in the first quarter, the sellers included a large number of institutional investors, with a number seeing a declines of millions of shares, according to recent filings with the SEC, S&P...
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June 01, 2020, 09:00 AM
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Haynes and Boone released its latest Energy Bankruptcy Reports, which include bankruptcy filings from the beginning of 2015 through the end of 2018. The firm tracks bankruptcy filings in three databases that it updates periodically: the Oil Patch...
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January 10, 2019, 09:00 AM
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MidCap Financial announced it has provided a senior credit facility to Ecoserv, a leading provider of industrial cleaning services and waste management solutions in the exploration and production field of the oil and gas industry. The MidCap credit...
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August 22, 2018, 08:00 AM
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Sallyport Commercial Finance provided a $2,000,000 Accounts Receivable Facility to a new company that specializes in diverse product offerings from food related ingredients to oilfield chemicals.“It is a great pleasure to work with an entrepreneur...
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July 09, 2018, 07:00 AM
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PetroShare Corp., a Colorado-based oil and gas exploration and production company with operations in the Wattenberg Field of the Denver-Julesburg Basin, announced the closing of $20 million in financing in the second tranche of Senior Secured...
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February 02, 2018, 07:00 AM
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Midland Basin Partners, LLC has announced a strategic financial partnership with Orion Energy Partners, LP. The $75 million credit facility from Orion Energy will fuel the expansion of MBP’s existing midstream platform focused on water infrastructure...
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January 04, 2018, 08:00 AM
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Dalmac Energy Inc. announced that it has entered into an agreement with Servus Credit Union Ltd. whereby Servus has agreed to provide the company with a $5,000,000 revolving overdraft credit facility to assist with daily operating expenses and a...
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December 07, 2017, 08:00 AM
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MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $6,000,000 senior credit facility to Vernal, UT-based Adler Hot Oil Service, LLC (Adler). Adler provides heating services for oil and gas well sites....
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November 29, 2017, 08:01 AM
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Amerisource Business Capital announced the closing and funding of a $250,000 asset based revolver for a Colorado-based drilling company. The start-up company, which provides a variety of drilling and hydrovac services, was seeking a larger line of...
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November 22, 2017, 07:00 AM
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The assets of Northeast Energy Management, Inc., a large oil and gas drilling company located in Indiana, Pennsylvania, are being auctioned off by a joint venture comprised of Gordon Brothers and PPL Group, two of the nation’s leading industrial...
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September 21, 2017, 08:00 AM
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Stonegate Capital has closed on a $4.5 million senior secured credit facility for a private equity-owned oilfield services company. The company provides completion, production, and intervention-related equipment and services for oil and gas operators...
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September 14, 2017, 07:00 AM
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Hilco Industrial, in a joint venture with Myron Bowling Auctioneers, Inc. and Cincinnati Industrial Auctioneers, announced that they will begin the sale process of well control intervention equipment belonging to Wright's Well Control Services. ...
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August 15, 2017, 08:00 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $5 million asset-based revolving credit facility to an oilfield services company. The credit facility consists of a revolver secured by accounts receivable, the proceeds of which will...
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July 25, 2017, 08:12 AM
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Brazos Midstream Holdings announced that its subsidiary, Brazos Delaware LLC, has completed an expansion of its senior credit facility to $150 million in commitments from a syndicate of banks. Additionally, the facility has an accordion feature...
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July 25, 2017, 08:00 AM
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Ares Commercial Finance announced that it has provided a senior secured credit facility to Pro Oil & Gas Services, LLC (Pro) in connection with Intervale Capital’s recapitalization of the business.
Headquartered in Houston, Pro is a diversified...
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June 29, 2017, 07:00 AM
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Rising Bird, Inc. announced that it has secured $8.2 million credit facility for Don Rose Oil Co., Inc. (DRO). The funds will be used to refinance existing debt with better terms, help with the expansion of DRO and support general business operations...
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May 05, 2017, 07:00 AM
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Keane Group, Inc. announced that on February 17, 2017 the Company entered into a new $150 million asset-based revolving credit facility to replace its existing $100 million asset-based revolving credit facility. The New ABL Facility will mature on...
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February 22, 2017, 08:10 AM
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MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $8 million senior credit facility to Arlington, Texas-based Lane Supply, Inc. Lane Supply designs, engineers, manufactures and installs metal structures...
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January 10, 2017, 08:00 AM
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Amerisource announced the closing and funding of a $1.25 million credit facility for a parts manufacturer in the oil & gas industry in Nevada. Proceeds of the credit facility were used to refinance the company’s existing bank debt and to provide...
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May 03, 2016, 08:02 AM
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Tiger Liquidity Services Energy Partners to sell equipment from Enseco Services in Casper, Wyo. & Minot, N.D. during March 22 online sale; bidding opens March 16By order of the court appointed receiver, Tiger Liquidity Services Energy Partners will...
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March 11, 2016, 07:44 AM
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Allied Affiliated Funding announced the following recently closed transaction: $7.5 million accounts receivable facility including a $1.2 million real estate loan to an oil and gas servicing company that focuses on water and mud hauling. The company...
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December 29, 2015, 07:44 AM
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In the 3rd quarter of 2015, Paragon Financial has experienced a sharp increase in funding deals in the oil and gas industry. Rising debt payments and shrinking revenues are putting oil and gas companies in a difficult cash flow situation. As a result...
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October 21, 2015, 07:14 AM
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Allied Affiliated Funding announced the following recently closed transaction: A $7.5 million accounts receivable facility including a $1.2 million real estate loan to an oil and gas servicing company that focuses on water and mud hauling. The...
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June 08, 2015, 07:46 AM
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AccuVal-LiquiTec, a leader in oil and gas industry valuations, has issued a new report explaining how plummeting oil prices will affect asset collateral values.
Focusing especially on machinery and inventory, the special report details:
The oil...
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January 27, 2015, 08:03 AM
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Allied Affiliated Funding is pleased to announce the following recently closed transaction: A $10,000,000 receivables financing facility that closed and funded within one week of sending out the proposal letter for a full service oil and gas...
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October 13, 2014, 08:01 AM
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Deloitte Corporate Finance LLC recently named Thomas W. Sloop as managing director in its Houston office. In connection with his new role, Thomas will lead the development of the DCF oil & gas investment banking practice. He will be responsible for...
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September 05, 2014, 07:48 AM
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Republic Business Credit announced it is supporting a Southwest based energy sector fabrication and repair service business with a $4 million accounts receivable facility to foster the company’s continuing growth.The business had a long term banking...
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August 20, 2014, 07:14 AM
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Paragon Financial Group announces funding programs for US oil & gas suppliers along the entire supply chain. With over 20 years funding oil & gas suppliers, Paragon Financial understands the industries involved, their specific needs and has created...
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March 25, 2014, 06:58 AM
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Amerisource announced that it closed and funded a $2 million revolving credit facility for an oil and gas field services provider based in Texas. Proceeds of the facility were used to refinance the company’s existing bank line and to provide...
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March 21, 2014, 07:22 AM
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PNC Bank announced the closing of a $50 million asset-based loan for Hamilton Metals, Inc. The transaction also includes capital markets and foreign exchange services. Based in Houston, TX, the company is using the funds to refinance existing debt...
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March 13, 2014, 07:28 AM
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Eagle Energy Trust announced that the syndicate of lenders for Eagle's credit facility have completed their annual mid-year review and have approved a $ 9 million increase to the borrowing base under the credit facility to $70 million and an...
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November 04, 2013, 07:22 AM
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To support the rapid growth of its account receivable financing lines in key U.S. commercial markets, which includes oil and gas, staffing and transportation industries, Transfac Capital, Inc. has expanded their corporate headquarters in Salt Lake...
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October 15, 2013, 07:12 AM
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FX Energy finalized a new five-year, up to $100 Million Senior Reserve Based Lending Facility. BNP Paribas acted as coordinating mandated lead arranger. ING Bank, present in FX Energy's previous syndicated financing, acted as mandated lead arranger....
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July 15, 2013, 07:34 AM
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Transfac Capital, Inc., a specialty finance company providing accounts receivable financing to small and mid-sized companies, announced the expansion of its presence into the Utica and Marcellus Shale fields. Tanya Boczek, Business Development...
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June 25, 2013, 08:02 AM
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Laredo Petroleum Holdings, Inc. ("Laredo" or the "Company") announced that the Company's senior secured credit facility has been amended to increase the borrowing base to $1 billion from $825 million. Following closing of the Company's previously...
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May 30, 2013, 07:09 AM
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Republic Business Credit announced it provided a $4 million working capital facility to a growing Gulf Coast based oil field service contractor.The business was looking at many opportunities to expand their services and was being restricted by their...
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May 17, 2013, 08:07 AM
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US Capital Partners, LLC has provided $22 million in financing for a fast-growing US firm in the oilfield services sector headquartered in Oklahoma.
“We are delighted to have supported this fast-growing business in the energy industry,” said Jeffrey...
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January 30, 2013, 07:17 AM
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Main Street Capital Corporation recently closed two transactions, including a new portfolio investment and the partial exit of an existing portfolio investment. The new portfolio investment includes $40.5 million of invested capital in Quality Lease...
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January 10, 2013, 07:31 AM
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Prospect Capital provided a $30 million first-lien senior secured loan to support the recapitalization of Spartan Energy Services, a provider of thru tubing and flow control services to oil and gas companies operating throughout the United States....
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January 02, 2013, 07:51 AM
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