Darren
Barbee
Oil and Gas Investor
Forty Under 40: Paul F. Jansen, Conway MacKenzie
Today’s Forty Under 40 honoree is Paul F. Jansen, managing director in Conway MacKenzie’s energy consulting practice where he has played a key role in developing new business opportunities.
Castello Branco To Be New Petrobras CEO Under Bolsonaro
Brazil's incoming far-right government on Nov. 19 tapped a University of Chicago-trained economist with experience in the oil sector to be the chief executive of state-controlled Petroleo Brasileiro SA, amid a debate over privatization of the company's assets.
Venezuela Shakes Up PDVSA Management As Oil Production Tanks
Venezuela is tapping at least five new top executives to state oil company PDVSA, six sources said on Oct. 17, but the changes are unlikely to halt the unraveling of the OPEC member's oil industry under military management.
CVR Refining Announces Taking Bids On Cushing Tank Farm Assets
CVR Refining, LP (NYSE: CVRR), a refiner and marketer of petroleum fuels, on Sept. 17 announced that it intends to sell its Cushing, Okla., crude oil tank farm and currently is entertaining bids from potential purchasers.
Fieldwood Energy: Voyage From Debt To The Deep
Fieldwood entered Chapter 11 with a simultaneous deal to buy Gulf of Mexico assets from Noble Energy while taking pains to meet obligations to employees and more than 700 vendors.
SAExploration To Buy Certain Assets From Bankrupt Geokinetics
As part of a stalking-horse bid, SAExploration offered to acquire bankrupt Geokinetics' equipment and machinery, seismic processing software and equipment, and certain contracts with large E&P companies.
EV Energy Partners Begins ‘New Chapter’ As Harvest Oil & Gas
EV Energy Partners, an MLP, filed for Chapter 11 in early April. Parent firm EnerVest and its EnerVest Operating unit did not file for bankruptcy.
Questerre Settles Lawsuit; Consolidates Quebec Position
Questerre Energy reported on June 4 that it has executed a letter of intent with a senior E&P company to settle outstanding litigation and acquire all their assets in the St. Lawrence Lowlands, Quebec.
Bankrupt Rex Energy To Sell Remaining Assets
Appalachia shale producer Rex Energy’s bankruptcy follows Chapter 11 filings this week by two other U.S.-focused E&Ps.
E&P Bankruptcies Could Be Slowing Down
Rebound in oil prices and restructurings of debt loads mean the trend toward more bankrupt producers is easing.