Deals this week: Strata-X Energy, TPG Pace Energy Holdings, Cimarron Production

Strata-X Energy has acquired two prospective licenses covering an area of 406,735 acres for its Serowe CSG Project in Botswana.

Based in the US, Strata is an oil and gas exploration and development company.

The deal is expected to strengthen Strata-X’s oil and gas asset portfolio in Botswana.

TPG Pace Energy Holdings Corp (TPGE) has signed definitive agreements to acquire oil and gas assets located in south Texas, US, from EnerVest for $2.66bn.

The assets cover an area of 359,070 acres in south Texas and target the Eagle Ford and Austin Chalk shale formations.

TPGE will pay $1.2bn in cash and the rest through the issuance of 120 million shares worth $1.4bn.

TPGE will be renamed as Magnolia Oil & Gas following the transaction.

EnerVest is an oil and gas company based in the US, while TPGE is a special-purpose acquisition company backed by TPG Capital.

Cimarron Production plans to divest its royalty interest in oil and gas minerals assets in Kingfisher County and Canadian County, Oklahoma, US.

The divestment includes 12.5% and 25% of the respective royalty interests and also includes 80 production wells.

The asset divestment is being carried out by PLS Energy Advisors.

Calima Energy has agreed to raise A$3.52m ($2.76m) through a private placement of 63.9 million shares priced at A$0.055 ($0.043) a share.

The transaction is expected to be completed by March 2018.

The company will use the proceeds to continue the development of the Calima Lands Montney play in British Columbia and for working capital purposes.

The underwriter for the placement is Euroz Securities.

Peru LNG plans to raise $940m through a public offering of 5.375% bonds due March 2030.

Based in Peru, Peru LNG is an operator of liquefied natural gas (LNG) plants in Peru.

The joint book-runners for the offering are Bank of America Merrill Lynch, Citigroup, JP Morgan Securities and Credicorp Capital Sociedad Titulizadora.

The transaction is expected to be completed by March 2018.

Esrey Resources plans to raise C$4m ($3.08m) through a private placement of 20 million units priced at C$0.2 ($0.15) a unit.

Each unit will comprise one share and one share purchase warrant.

For each warrant, the shareholder will be entitled to purchase one share of the company priced at C$0.4 ($0.3) for a term of five years.

Formerly known as Esrey Energy, Esrey Resources is an oil and gas company based in Canada.

The company will use the proceeds to develop its zinc projects in the Balkans and for general corporate purposes.

CITGO Holding secured $375m through the private placement of senior secured notes due 2020.

Based in the US, CITGO Holding refines, transports and markets petroleum products.

The company will use the funds to repay its debts.

Tellurian has raised $50m through the private placement of preferred shares. The shares were bought by Bechtel Oil, Gas and Chemicals.

Tellurian is a US-based company involved in natural gas production and LNG trading and infrastructure development.

Pancontinental Oil & Gas has agreed to raise A$1.6m ($1.23m) through the private placement of 10% unsecured convertible notes due 2019.

Each note can be converted into a common share at a price of A$0.008 ($0.006) a share after July 2018 and before maturity. The transaction will be completed by March 2018.

The company plans to use the proceeds to fund further flow testing of Dempsey and Tulainyo gas projects in California and develop the PEL 87 block offshore Namibia and the Walyering conventional gas field project in Australia.