U.S. oil and gas companies covered by S&P Global Market Intelligence raised $7.54 billion of capital in December 2020, an increase from the roughly $5.79 billion of capital raises recorded in November 2020. Debt offerings contributed the most with approximately $6.88 billion, while capital raised from common stock and private placements totaled $663.6 million.

All the represented oil and gas sectors raked in higher capital raises as of the end of 2020, compared with the same period a year earlier. Oil and gas storage and transportation companies brought in $49.64 billion, while integrated oil and gas companies raised $46.29 billion. Oil and gas exploration and production companies recorded $23.43 billion, while oil and gas refining and marketing companies secured $20.53 billion.

Common stock

* Persta Resources Inc. on Dec. 22, 2020, sold $2.3 million of 60,000,000 subscription shares. The company will use the deal's proceeds for general corporate purposes and working capital.

* Fremont Petroleum Corp. Ltd. on Dec. 18, 2020, raised approximately $1.4 million through a placement of 600,000,000 fully paid ordinary shares. Proceeds from the transaction will be used for working capital and general corporate purposes.

* New Fortress Energy Inc. on Dec. 15, 2020, sold 5,482,352 class A shares for $279.6 million. New Fortress Energy plans to use the proceeds for general corporate purposes and working capital.

* Amplify Energy Corp. on Dec. 11, 2020, offered 8,548,485 common stock for $9.8 million. Fir Tree E&P Holdings III LLC, Fir Tree E&P Holdings VII LLC and Fir Tree E&P Holdings VIII LLC served as selling shareholders in the transaction.

* Freehold Royalties Ltd. on Dec. 9, 2020, sold approximately $37.0 million of 9,856,000 common shares. The company intends to use the deal's proceeds for acquisitions, working capital and general corporate purposes.

* Talos Energy Inc. on Dec. 8, 2020, offered 8,250,000 common shares for $71.1 million. Proceeds from the deal will be used to repay debt and for acquisitions, general corporate purposes and working capital.

Debt

* Gibson Energy Inc. on Dec. 22, 2020, sold $193.4 million of 5.25% subordinated unsecured notes due Dec. 22, 2080. Interest on the notes is payable every June 22 and Dec. 22, starting June 22. Gibson Energy will use the proceeds from the offering for debt repayment, general corporate purposes and working capital.

* Antero Resources Corp. on Dec. 17, 2020, offered 8.375% senior notes due 2026 for $500.0 million. The notes are fully and unconditionally guaranteed on a senior unsecured basis by Antero Resources' existing units, which also guarantee the corporation's revolving credit facility. The gas and NGLs producer will use the deal's proceeds for debt repayment, working capital and general corporate purposes.

* Talos Production Inc. on Dec. 17, 2020, sold $455.0 million of 12% senior secured second-priority lien notes due Jan. 15, 2026. Interest on the notes is payable every Jan. 15 and July 15, starting July 15.

* PBF Holding Co. LLC on Dec. 16, 2020, issued $250.6 million of 9.25% senior notes due 2025 through an underwritten offering. Interest on the notes is payable every May 15 and Nov. 15, starting May 15.

* Tallgrass Energy Partners LP on Dec. 15, 2020, completed an offering of 6% senior notes due 2030 for gross proceeds of $750.0 million. Tallgrass Energy plans to use the offering's proceeds, along with borrowings under its existing senior secured revolving credit facility, to fund the tender offer for the partnership's outstanding 4.75% senior notes due 2023, to redeem the remaining 2023 notes and to redeem $250 million of the outstanding 5.50% senior notes due 2024.

* New Fortress Energy on Dec. 15, 2020, also offered $250.0 million of 6.750% senior secured notes due Sept. 15, 2025. Proceeds from the deal will be used for general corporate purposes and working capital.

* EnLink Midstream LLC on Dec. 14, 2020, issued 5.625% senior notes due January 2028 for $500.0 million. The notes will be fully and unconditionally guaranteed on a senior basis by EnLink Midstream unit EnLink Midstream Partners LP. The company said it will use the offering's proceeds to repay part of the borrowings under its $850 million term loan due December 2021.

* Ascent Resources Utica Holdings LLC on Dec. 14, 2020, sold $300.0 million of 8.25% senior notes due 2028. Proceeds from the deal will be used to repay debt.

* Genesis Energy LP on Dec. 10, 2020, closed its offering of $750.0 million of 8% senior unsecured notes due Jan. 15, 2027. Genesis Energy may use the offering's proceeds to fund its tender offer for all of its 2023 notes, fund the redemption price of the remaining outstanding 2023 notes, and for general partnership purposes, among other potential uses.

* Blue Racer Midstream LLC on Dec. 9, 2020, sold $600.0 million of 7.625% senior unsecured notes due Dec. 15, 2025. Blue Racer Midstream subsidiary Blue Racer Finance Corp. acted as co-issuer for the offering, the proceeds of which will be used for debt repayment, working capital and general corporate purposes.

* Occidental Petroleum Corp. on Dec. 8, 2020, issued 6.125% senior notes due 2031 for $1.25 billion and 5.5% senior notes due 2025 for $750.0 million. The settlement for the offerings occurred Dec. 22, 2020. Occidental Petroleum plans to use the proceeds for debt repayment, working capital and general corporate purposes.

* Magellan Midstream Partners LP on Dec. 2, 2020, sold $329.0 million of 3.95% senior unsecured notes due March 1, 2050. The company will use the deal's proceeds for general partnership purposes.

Private placements

* Cardinal Energy Ltd. on Dec. 30, 2020, received $15.9 million during a nonbrokered private placement of second-lien secured notes. Cardinal Energy said it intends to use the deal's proceeds to repay the company's outstanding 5.50% subordinated convertible debentures due Dec. 31, 2020, and for other general corporate purposes.

* Canadian Overseas Petroleum Ltd. on Dec. 30, 2020, closed a nonbrokered private placement of 3,000,000,000 units for gross proceeds of approximately $8.2 million. The company plans to use the proceeds for the acquisition of Atomic Oil and Gas LLC, expenditures associated with the acquisition and for general corporate purposes.

* NG Energy International Corp. on Dec. 29, 2020, completed a nonbrokered private placement of 4,072,823 units for gross proceeds of $2.7 million. Two placees participated in the transaction. Proceeds from the deal will be used for exploration endeavors in the SN9 block.

* Camber Energy Inc. on Dec. 23, 2020, received gross proceeds of $12.0 million through a security purchase agreement. Camber Energy intends to use the deal's proceeds for its previously announced acquisition of Viking Energy Group Inc.

* Westbridge Energy Corp. on Dec. 23, 2020, raised $260,000 during a nonbrokered placement of 5,572,862 units. The placement included participation from insiders of the corporation. Westbridge Energy said it plans to use the proceeds for general working capital.

* Canuc Resources Corp. on Dec. 23, 2020, closed a nonbrokered private placement of 1,200,000 units for proceeds of $234,000. The corporation on Dec. 7, 2020, also received proceeds of $795,000 during a private placement. Canuc Resources will use the proceeds from both transactions for exploration.

* Royal Helium Ltd. on Dec. 22, 2020, issued 27,954,545 units for gross proceeds of approximately $4.8 million. The deal included participation from 62 placees. Royal Helium said it intends to use the proceeds for general corporate purposes and to fund exploration drilling for helium on its lands in southern Saskatchewan.

* Tamarack Valley Energy Ltd. on Dec. 21, 2020, completed a nonbrokered private placement of up to 40,925,000 common shares for proceeds of $36.6 million. Directors and officers of Tamarack Valley Energy participated in the deal. Proceeds from the deal will be used to pay down the company's debt and partially fund its 2021 capital expenditures.

* JHI Associates Inc. on Dec. 21, 2020, issued 250,000 common shares for gross proceeds of $400,000. The deal involved participation from investor Westmount Energy Ltd. The investor held 5,363,770 shares in the company, representing about a 7.2% stake, after deal completion.

* BKV Corp. on Dec. 17, 2020, received $100.0 million in funding. The corporation issued common stock and series A preferred stock in the deal, the proceeds of which will be used to help fund BKV's acquisition of Devon Energy Corp.'s assets in the Barnett Shale in North Texas.

* Yoshi Inc. on Dec. 17, 2020, secured $23.0 million in its series B funding led by investor General Motors Ventures LLC. The company said it intends to use the proceeds to finance its hiring and expansion plans.

* Nexera Energy Inc. on Dec. 16, 2020, completed a private placement of 21,704,600 units for gross proceeds of $900,000. Nexera Energy plans to use the deal's proceeds for the Stockdale Horizon prospect land acquisition and the drilling of the API Horizon JV well, among others.

* New Stratus Energy Inc. on Dec. 14, 2020, closed a private placement of up to 3,275,000 units for gross proceeds of $1.0 million. New Stratus Energy will use the transaction's proceeds for exploration and general corporate purposes.

* Freehold Royalties on Dec. 9, 2020, also received proceeds of roughly $10.5 million during a private placement of 2,791,667 subscription receipts. The Canadian National Railway Co. Pension Arm participated in the transaction.

* Contango Oil & Gas Co. on Dec. 1, 2020, completed a private placement of 14,194,516 common shares at $1.55 per share for proceeds of $22.0 million. Contango Oil & Gas intends to use the placement's proceeds to finance its acquisition of assets in the Big Horn, Permian, and Powder River basins and for general corporate purposes.

* Bakken Midstream Natural Gas LLC on Dec. 1, 2020, received $17.0 million in funding. Thirty-eight investors participated in the deal. The company also secured approximately $5.20 million in funding in a transaction that involved participation from 29 investors.

* Clearview Resources Ltd. on Dec. 1, 2020, closed a convertible debenture offering for gross proceeds of $965,000. The offering included participation from the company's existing shareholders. Proceeds from the deal will be used to reduce the company's outstanding bank debt.

* Petrolympic Ltd. on Dec. 1, 2020, completed a nonbrokered private placement of 1,666,667 units for proceeds of $77,000. One placee participated in the deal, the proceeds of which will be used for the exploration of Petrolympic's newly acquired gold properties in Quebec and Ontario.