US Bankruptcy Court Approves $220 Million Sale of Alta Mesa Resources
Bayou City Energy and Mach Resources set closing for April 9, a move that an attorney for Alta Mesa creditors slammed as "gamesmanship" for reducing the deal's value by more than $5 million.
Marathon Oil Suspends Permian Drilling with Deeper Capex Cuts
Marathon Oil will continue work to optimize its development in the Bakken and Eagle Ford Shale, but now plans to take “frac holidays” in both plays during the second quarter, CEO Lee Tillman says.
On the Market Oil and Gas Quicklist (Week of April 8, 2020)
Here’s a quicklist of oil and gas assets on the market including producing royalties in Pioneer Natural Resources-operated wells in the Permian Basin plus the sale of conventional oil properties located in California’s San Joaquin Valley.
Shale Producer Continental Resources Suspends Dividend
With global oil demand estimated to have been impacted by 30% due to COVID-19, Continental Resources will continue “to take decisive action to maximize cash flow generation,” CEO Bill Berry says.
SandRidge Energy Names Carl Giesler CEO Amid Cost-saving Initiatives
Carl Giesler led the cost and operational turnaround of Jones Energy, which led to the $201.5 million all-cash buyout of the Midcontinent-focused E&P company in January.
On the Market Oil and Gas Quicklist (Week of April 1, 2020)
Here’s a quicklist of oil and gas assets on the market including producing Noble Energy assets located in various Texas counties plus an Olifant Energy Austin Chalk and Eagle Ford Shale package.
Women in Energy: Heather Powell, Ventana E&P LLC
Today’s featured 25 Influential Women in Energy honoree is Heather Powell, president and CEO of Oklahoma City-based Ventana E&P LLC.
Chaparral Energy Reportedly Working with Debt Restructuring Advisers
Chaparral Energy has hired financial advisers for advice on how to improve its balance sheet, sources said, adding that no debt restructuring move is imminent.
On the Market Oil and Gas Quicklist (Week of March 25, 2020)
Here’s a quicklist of oil and gas assets on the market including interest in an Extraction Oil & Gas-operated well in Colorado’s Larimer County plus a minerals position in the core of the Eagle Ford Shale.
Oklahoma Producers On Shaky Ground As Oil Price War Hits
It costs about $48.19 a barrel to produce oil in Oklahoma’s SCOOP and STACK shale plays, the highest in the United States, according to a Deutsche Bank analysis.