Unit Corp. Appoints Les Austin As CFO, SVP
Les Austin has more than 23 years of energy finance and leadership experience. He replaces David T. Merrill, who held the position of CFO at Unit until he was promoted to COO in August.
Carl Icahn Responds To SandRidge Energy's Poison Pill Move
Icahn called SandRidge's bid for Bonanza Creek "value-destroying" and said the shareholder rights plan adopted earlier this week was designed to prevent large shareholders from campaigning against the deal.
Activist Investors’ ‘Noise’ Puts SandRidge-Bonanza Merger On Life Support
One of the three research analysts covering SandRidge has written off the deal, acknowledging the merits of concerns by investors including Carl Icahn.
Gulfport Energy Releases Scoop Well Results For Springer, Woodford
Gulfport Energy Corp. (NASDAQ: GPOR) provided an update Nov. 27 on recent Scoop Springer and Scoop Woodford well results.
Black Stone’s Magic: $340 Million Pries Minerals From Noble Energy
Black Stone’s single largest deal to date expands its Permian presence with 15,500 net royalty acres in the Midland and Delaware basins.
SandRidge Energy Sets Shareholder Rights Plan Amid Bonanza Creek Bid
Activist investor Carl Icahn last week became the second major shareholder to oppose the bid for Bonanza Creek after disclosing a 13.51% stake in SandRidge.
Morgan Stanley Antes Up After Durango Buys Scoop, Stack Midstream Assets
Durango Midstream will get backing from Morgan Stanley Energy Partners for expansion in the Scoop, Stack and Merge area after Durango bought assets from Aka Energy Group for an undisclosed amount.
SandRidge Investor Fir Tree Opposes $746 Million Bonanza Creek Buyout
Shares of SandRidge, which had fallen nearly 22% since the beginning of the year, dropped another 15% on Nov. 15 after the deal was announced.
Chaparral Energy Closes $170 Million EOR Sale
Chaparral Energy Inc. closed the sale of its North Burbank and Texas Panhandle EOR assets as the company transitions into a pure-play Stack operator, the company said Nov. 20.
SandRidge Makes Rockies Ascent In $746 Million Bonanza Creek Buyout
SandRidge agreed to acquire debt-free Bonanza Creek’s D-J Basin assets in a cash-and-stock transaction at a 17.4% premium.