Deals & Trends

While Aubrey McClendon’s legacy won’t be tarnished by the closing of his final venture, the company will lose 100 employees who had worked under his guidance.

Oil supplies are stable, low prices are expected to continue in 2016 and ‘there are no plans to purchase E&P assets,’ a Korean oil executive says.

Bankruptcies proliferate in May with companies damaged by low commodity prices, which in turn have sunk borrowing bases and choked cash flow.

The company had agreed to purchase about 27,000 net acres for $200 million but was outbid by an undisclosed party by about $140 million.

The company has been purchasing assets since late 2015 and now has production of about 17,000 boe/d located in Karnes County, Texas.

Suit filed by Williams to push ETE to complete acquisition might not succeed, and might not be in Williams’ best interest if it does.