Samson Resources Moves Toward Chapter 11 Emergence
In September 2016, Samson filed for Chapter 11 to reduce debt and create a capital structure that will pave the way for a 'successful future.'
Covey Park Gains Momentum With Haynesville Deal
The Denham Capital-backed company purchased 34,000 acres in May.
Farquharson Will Become EXCO’s Acting CFO, Treasurer As Peracchi Departs
Harold L. Hickey, CEO and president, said that Tyler Farquharson has worked at EXCO for 11 years, handling business modeling, banking, hedging, budgeting, economics and strategic planning.
BHP Boosts Exploration Spend To $900 Million As Focus Narrows
Petroleum exploration by BHP will focus on deepwater basins in the Gulf of Mexico, the Caribbean and the Northern Beagle basin, off the coast of Western Australia.
Exco Resources Forms Committee To Evaluate Strategic Alternatives
The special committee will evaluate options such as divestitures and restructuring of its gathering, transportation and certain other contracts, the company said.
EXCO's Borrowing Base Cut By 13%, Plans To Defer Drilling
EXCO has decided to significantly reduce its drilling activity in 2016 with plans to defer a significant amount of its drilling inventory until commodity prices improve, the release said.
Time For A Break: EP Energy Deals Away Haynesville, Bossier Holdings
EPE deals away its assets in Louisiana and East Texas for $420 million as another private equity company delves into natural gas.
Orbit Gulf Coast Exploration Acquires Assets Of Orbit Energy Partners
Matthew H. Fleeger, CEO of Gulf Coast Western, said the transaction included certain data for the company’s 42-sq mile Bonanza Project in Evangeline and St. Landry parishes.
Chart: Texas Rig Count As Of November 16, 2015
Permian Basin, Eagle Ford, Barnett, Haynesville, Bossier, Granite Wash and Cotton Valley
Samson's CEO Plans To Resign, Company Lawyer Says
Joshua Sussberg said the continuing dive in commodity prices has unraveled the company's restructuring support agreement, which was struck just before it entered bankruptcy, Reuters reported.