Chaparral Exits Bankruptcy With $100 Million In Liquidity
The Oklahoma City-based company's emergence from bankruptcy 'marks a new and prosperous time in Chaparral's storied history,' said K. Earl Reynolds, Chaparral CEO.
Texas Permian, Eagle Ford Jobs Hit-And-Miss In Third-Quarter 2016
Midland County, Texas, led the nation with the largest decrease in employment among large cities, while Irion County weekly pay was second-highest among small Texas counties.
US Drillers Add Oil Rigs For Sixth Straight Week
Drillers added five oil rigs in the week to Feb. 24, bringing the total count up to 602, the most rigs since October 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said Feb. 24.
Chesapeake Energy Posts Smaller Quarterly Loss
In a note, Barclays analysts wrote the U.S. natural gas producer's fourth quarter results were largely in line with expectations, but described Chesapeake's 2017 production forecasts as "a bit more pessimistic" than rivals.
Oilfield Service Companies Performance, Slingshot Combine
Pelican is the financial partner which supported the recapitalization and combination of the companies. The terms of the transaction weren't disclosed.
Vanguard Natural Resources Files For Chapter 11 Bankruptcy
A debtor-in-possession financing combined with Vanguard's cash from operations is expected to give the Houston-based company sufficient liquidity during the Chapter 11 process.
Sale On: Exports And The Future Of Energy
An expanded Panama Canal opens up opportunities for U.S. exporters, especially in LNG and ethane markets.
First Reserve's Tri-Point Expands Into Several Major US Shale Basins
Houston-based Tri-Point acquired three oil and gas service companies with strong market positions within their regions, including the Anadarko, Denver-Julesburg, Permian and Eagle Ford basins.
US Natural Gas Storage Hits All-Time High
This year's high came despite utilities pumping 1.549 Tcf into storage, which was on track to be the lowest amount of gas added during an injection season on record, according to EIA data going back to 1994.
ConocoPhillips Aims To Sell Up To $8 Billion In Gas Assets
ConocoPhillips CEO Ryan Lance said the spending cuts, asset sales and other steps should help the company be profitable with Brent oil prices of $50 per barrel. Brent traded at $46.18 on Nov. 10.