Sabine Oil & Gas Files For Bankruptcy Protection
With more than $2 billion of debt, the news comes less than a week after the Houston-based company amended a forbearance agreement that gave it more flexibility during debt-related discussions with creditors.
Refracking Remains A Boutique Technique Without More Money, Innovation
Refracking has been met with enthusiasm—especially when it works—and skepticism, but in order to move forward, the industry needs a large-scale refracking program and more investment IHS says.
Comstock’s $115 Million Liquidity Booster Already On Descent To Earth
Comstock sold future Eagle Ford drilling locations for less than $500 an acre, a decision that may affect values for neighboring E&Ps such as Apache Corp. and Anadarko Petroleum.
Frack Water Use Varies From Sips To Gulps, Study Says
Researchers find that water volumes for fracking within watersheds across the U.S. range from as little as 2,600 gallons to as much as 9.7 million gallons per well.
Aethon, RedBird Acquire SM Energy's Ark-La-Tex Assets
The deal, worth about $54 million, was the second transaction of SM's divestiture in the Ark-LA-Tex area of East Texas and northern Louisiana.
Japan's Itochu Returns Stake To Samson Resources
Itochu Corp. sold back its 25% stake in Samson Resources Corp. to the company for $1 based on company operations and oil prices, Bloomberg said.
Seventy Seven Energy Wraps Up Trucking Company Sale
Seventy received $42 million for the sale of Hodges to an Aveda Transportation subsidiary. Hodges currently operates and owns about 900 pieces of rig moving and heavy haul equipment.
Black Stone Minerals Details 1Q 2015 Financial, Operational Results
During the quarter, 29.2 thousand barrels of oil equivalent per day was the average amount produced. There was $17.3 million in net income. The quarter ended March 31.
Seventy Seven Energy Will Sell Hodges Trucking Co.
Hodges operates and owns about 200 haul trucks, 400 trailers, 70 bed/pole trucks, 35 cranes, 40 forklifts/loaders and 160 service vehicles. The transaction is scheduled to close June 15.
Marlin Midstream Changes Name To Azure Midstream
Azure applied to list its common units on the New York Stock Exchange (NYSE) under the ticker “AZUR,” and gave NASDAQ Global Market written notice to delist its common units.