HighPeak Plans $135.5MM Stock Offering to Stave Off Liquidity Crunch
HighPeak Energy Inc. seeks to raise millions of dollars through...
HighPeak Energy Inc. seeks to raise millions of dollars through a public offering to shore up its near-term liquidity.
The Midland Basin E&P priced an underwritten public offering to raise $135.5 million, before deducting discounts, commissions and other expenses, HighPeak said in a July 19 press release. The company plans to offer 12.9 million shares priced at $10.50 each. The offering is expected to close on July 21.
Russia intensified its assault on Ukraine’s food exports, attacking port facilities in Odesa and warning other countries that bypassing its Black Sea blockade would be an act of war.
The head of MI6, Britain’s spy agency, said Vladimir Putin had “cut a deal” with the Wagner group leader Yevgeny Prigozhin during last month’s rebellion to save face.
Ukraine allows soldiers displaced by Russia’s invasion to join the fight to liberate their hometowns.
More than 86 million Americans live with dangerous heat, and El Paso has endured 33 straight...
More than 86 million Americans live with dangerous heat, and El Paso has endured 33 straight days of 100-degree temperatures. See the U.S. heat wave by the numbers.
Tellurian Inks Binding Letter for $1B Acreage Divestment, Leaseback
Tellurian Inc. inked a binding commitment letter to divest 800 acres of land owned by ...
Tellurian Inc. inked a binding commitment letter to divest 800 acres of land owned by Driftwood LNG LLC to Blue Owl Real Estate Capital LLC for $1 billion. The commitment also extends to the leaseback of the acres to Driftwood.
The commitment letter replaced a letter of intent dated April 4, 2023, between Tellurian and Blue Owl, Houston-based Tellurian revealed July 18 in a Securities and Exchange Commission Form 8-K filing.
Tellurian, which is developing the 27.6 million tonnes per annum (mtpa) Driftwood LNG project in Lake Charles, Louisiana,in two phases, has struggled to obtain financing to move forward with Phase 1 of the project estimated at around $14 billion. The leaseback deal is seen as part of Tellurian’s actions to get the project over the starting line.
Benchmark U.S. crudeoil for August delivery fell 40 cents to $75.35 a barrel Wednesday. Brent crudefor September delivery fell 17 cents to $79.46 a barrel.
Wholesale gasolinefor August delivery rose 3 cents $2.72 a gallon. August heating oilrose 4 cents to $2.64 a gallon. August natural gas fell 3 cents to $2.60 per 1,000 cubic feet.
