Deals this week: Jones Energy, Ridge Runner Resources, Halcon Resources Corporation

Jones Energy plans to raise $450m through the private placement of senior secured first lien notes due 2023 through its subsidiaries Jones Energy Holdings (JEH) and Jones Energy Finance.

Jones Energy is a US-based independent oil and natural gas company.

The company plans to use the proceeds to repay its debts, fund drilling activities and for general corporate needs.

Oil and gas exploration company Ridge Runner Resources has received $300m in equity from private equity company Warburg Pincus.

Both companies involved in the transaction are based in the US.

The deal will expand Warburg Pincus’ oil and gas investment portfolio.

Halcon Resources Corporation plans to raise $200m through the private placement of 6.75% senior unsecured notes due 2025.

The company has simultaneously agreed to acquire oil and gas assets located in West Quito Draw area in Ward County, Texas, through its subsidiary Halcon Energy Properties from Shell Western E&P (SWEPI LP) for $200m.

Halcon Resources is an independent energy company based in the US.

The proceeds are intended to be used to fund asset acquisition in the southern Delaware Basin and for other business purposes.

Sanchez Energy Corporation intends to raise $400m through the private placement of senior secured first lien notes due 2023.

Based in the US, Sanchez Energy is an independent oil and gas exploration and production company.

It plans to use the proceeds for debt repayment and for other corporate purposes.

Double Eagle Energy Holdings has received $1bn in equity from Apollo Global Management.

Based in the US, Double Eagle is an oil and gas company, while Apollo Global Management, also based in the US, is a private equity firm.

Double Eagle plans to utilise the funds for acquisition and development activities in the Permian Basin and to strengthen its asset portfolio.

US-based midstream company MPLX intends to raise $1.75bn through the public placement of 4.5% senior notes due April 2038.

The company has also announced four public offerings of 4.7% senior notes due April 2048, 4% senior notes due March 2028, 4.9% senior notes due April 2058 and 3.375% senior notes due March 2023 to raise $1.5bn, $1.25bn, $500m and $500m respectively.

The proceeds are intended to be used for repayment of the company’s debts and loans.

US-based oil and gas company Viper Energy Partners has purchased 219 net royalty acres of mineral interests located in the Midland and Delaware Basins for $26m and 681 net royalty acres of mineral interests in the Eagle Ford Basin for $123m.

The deal will expand Viper Energy’s oil and gas assets in Midland, Delaware and Eagle Ford Basins.

Pioneer Natural Resources Company plans to sell its 46% working interest in its oil and gas assets located in Eagle Ford Shale play, Raton, and 100% working interest in its oil and gas assets located in the West Panhandle field, US.

Based in the US, Pioneer Natural Resources is an oil and gas exploration and production company.

The divestment will enable the company to focus on its oil and gas operations located in the Permian Basin.