Oil, gas capital raises in March: Debt deals boost total collected to $11.59B
U.S. oil and gas companies covered by S&P Global Market Intelligence raised $11.59 billion in March, an increase from the $7.76 billion of capital recorded in February. Debt offerings made up the bulk of the total with $9.94 billion, while common stock deals, preferred stock offerings and private placements contributed a combined amount of $1.65 billion.
Year to date, oil and gas exploration and production companies recorded the highest year-over-year boost after having raised $16.36 billion. Oil and gas refining and marketing companies have pulled in $4.99 billion, up from the $2.00 billion collected in the same year-ago period. As of March, oil and gas storage and transportation companies and integrated oil and gas companies have brought in $10.91 billion and $750 million, respectively, both of which are lower than the capital raised in the same period a year earlier.
Nexera Announces Acquisition of Remaining 25% Stake in Production Resources Inc
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Nexera Moves Ahead Production and Further Drilling at Huebinger
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Nexera Energy Inc.: Nexera Moves Ahead Production and Further Drilling at Huebinger
SAN ANTONIO, TX and CALGARY, AB / ACCESSWIRE / March 9, 2021 / (TSXV:NGY)(OTC PINK:EMBYF) (the Company or Nexera ) is pleased to provide the following update: Installation of facilities and services related to its Huebinger E1 well are complete. The Company expects the well to be in full operation within the next 24 hours. As a result of encouraging preliminary tests of the Huebinger E1 Well, Nexera has made preparations for drilling of the new Huebinger E2 well with Alliance Petroleum Interests ( Alliance ), and will begin immediately transporting equipment to the Huebinger E2 site to support drilling activity.