First it was BEXP. Then it was CLR. Now it's WLL.
Late yesterday, WLL announced a $350 million senior note offering.
Last week BEXP and CLR both announced similar offerings.
[Now, just to be catty, will KOG announce a similar offering? Smile.]
This speaks volumes about a) the eagerness for companies to expedite their drilling programs; b) anxiety over losing permits about to expire; c) losing leases to others top leasing; and, d) probably, the cost of super-fracking.
