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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Alliance's Hillwood Commons lands first tenant

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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Fort Worth's mayor looking for new chief of staff

Jason Lamers is leaving the city after 14 years to join Burlington Northern Santa Fe.

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Podcasting superstar from 'Serial' coming to Fort Worth

If you hear yourself hearing a certain haunting theme in early August as you pass the Omni Fort Worth Hotel, don’t be alarmed.

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Approach Resources prices bond offering

 

A. Lee Graham
Reporter

Approach Resources Inc. of Fort Worth has announced the pricing of its $250 million public offering in aggregate principal amount of 7 percent senior notes due 2021.
The notes were priced at par. Their sale is expected to settle on June 11, 2013, subject to satisfying customary closing conditions.
The company said it intends to use net proceeds from the offering to repay the outstanding indebtedness under its revolving credit facility, to fund capital expenditures and for general working capital needs.
Acting as joint book-running managers of the offering are J.P. Morgan Securities LLC, RBC Capital Markets and KeyBanc Capital Markets. The notes are being offered through a prospectus supplement and accompanying base prospectus, copies of which are available at J.P. Morgan Securities LLC, 383 Madison Ave., 3rd Floor, New York, NY 10179, Attention: Syndicate Desk, or by calling 800-245-8812.
When available, electronic copies of the prospectus supplement and accompanying base prospectus may be obtained free of charge at www.sec.gov.
Approach Resources Inc., an independent oil and gas company with core operations, production and reserves in West Texas’ Permian Basin, operates about 148,000 net acres in that region. More information is available at www.approachresources.com.

 

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