Breitburn Exits Bankruptcy As New EIG-Backed Company
Breitburn said it successfully completed its Chapter 11 reorganization and emerged as Maverick Natural Resources, a newly-formed company owned and operated by EIG.
Devon Energy Will Lay Off 9% Of Staff To Boost Returns
Devon, like many of its shale peers, has come under pressure from Wall Street in recent months to focus less on production and more on ways to boost shareholder returns.
OGIS: Producers Staying In-House For Gathering, Connection
At OGIS, independent producers stressed midstream concerns and talked subsidiaries and MLPs to handle them.
SandRidge Says To Evaluate Buyout Offers, Including Icahn's
One of the best known of the hedge fund world's aggressive activist players who seek major changes in company strategies, Icahn has been railing against SandRidge Energy's management for months.
ExxonMobil, Qatar Reportedly In Talks For Potential US Shale Deal
The deal could take the shape of a joint venture in which Qatar could partner or invest in future wells with ExxonMobil's unit XTO Energy, the Wall Street Journal said.
Oklahoma Orders Cut To Disposal Well Volumes Following Quakes
The first quake occurred on April 7, registering at magnitude 4.6, and was followed by several others, including a magnitude 4.5 earthquake that hit near Perry early April 9, according to the U.S. Geological Survey.
View From The Top: Money, Midstream & Alta Mesa
Alta Mesa Resources Inc. didn’t wait for its $3.8 billion-combination to close for it to press ahead in the Stack play.
Continental Resources Boosts CEO Harold Hamm's Pay By 38% In 2017
Continental CEO Harold Hamm received a 46% salary increase to $1.2 million. His bonus and stock award also grew during the year, to $3.4 million and $7.6 million, respectively.
Midstates Agrees To Sell Anadarko Basin Producing Properties For $58 Million
An undisclosed company agreed to buy the properties located in the Texas panhandle and western Oklahoma. Midstates will retain the Northwest Stack undeveloped acreage in Dewey County, Okla.
EIA: US Crude Oil Production Rose Slightly In January
The gains were driven by a rise in offshore production, which rose 5% to 1.62 million bbl/d from 1.55 million bbl/d, the EIA said in a monthly report.