Exclusives

Non-free

Despite JV, Whiting’s First Quarter Drains Bakken Behemoth

The company’s capex, net loss and production didn’t reach analyst expectations and an agreement to pay for drilling underwhelmed some analysts.

Darren Barbee
Fri, 04/29/2016 - 11:34
Non-free

Memorial Resources Development Untangles Corporate Structure, Cuts MEMP Free

Houston’s Memorial Production Partners LP will be a fully separate company and own its general partner after closing a deal with Memorial Resource Development Corp.

Darren Barbee
Thu, 04/28/2016 - 13:25
Non-free

Schlumberger Bulks Up Tech In (Another) Drilling Deal

Schlumberger will buy coiled tubing units from a Canadian company while it looks to reduce 2016 global spending by nearly 25%, including up to 50% in North America.

Darren Barbee
Wed, 04/27/2016 - 16:45
Non-free

Chesapeake Continues Oklahoma Exodus With Scoop Deal

Casillas Petroleum purchased 12,000 net acres from Chesapeake. In January, a Chesapeake subsidiary produced at least 17.2 MMcf/d on the acreage.

Darren Barbee
Wed, 04/27/2016 - 13:25
Non-free

Restructuring? Pick Your Poison

Corporate restructuring is a reality of today’s oil and gas landscape. As balance sheet and liquidity problems hit home, some companies have to consider drastic strategies.

Darren Barbee
Tue, 04/26/2016 - 11:45
Non-free

Swift Energy Trades Equity For Second Chance, Release From Bankruptcy

Texegy LLC acquires working interest in Swift's Louisiana assets while note holders take control of the virtually all of the company's equity. The company holds 77,000 gross acres in the Eagle Ford Shale. 

Darren Barbee
Mon, 04/25/2016 - 15:49
Free

Chevron Unloads Gulf Of Mexico Assets To Cox Oil Offshore

Though financial details of its deal will remain undisclosed, the sale of 19 GoM fields aids Chevron’s efforts to reach up to $10 billion in divestitures by year-end 2017.

Emily Moser
Fri, 04/22/2016 - 14:48
Non-free

Callon Petroleum Adds Midland Basin Acreage, Establishes New Core

Callon has entered transactions to boost its position in the Midland Basin to about 34,000 net surface acres, including a new core operating area in one of the basin’s hot spots.

Emily Moser
Thu, 04/21/2016 - 16:05
Non-free

A&D’s Next Secret Ingredient: The Borrowing Base Squeeze

Borrowing bases will take a hit of more than 30% this spring, putting pressure on highly-leveraged companies to free up liquidity, which should improve the quality of assets coming to market.

Thu, 04/21/2016 - 11:00
Free

American Energy Partners’ Woodford Subsidiary Snags Devon’s Noncore Assets, Changes Name

American Energy - Woodford is one step closer to becoming a stand-alone company following a name change and a deal with Devon Energy to double its footprint in the CNOW Play.

Emily Moser
Thu, 04/21/2016 - 09:00
Non-free

I Squared Quickly Sells Stake In San Juan Gathering System To GE

New owner I Squared sells a stake to GE and will operate and manage the new 220-mile system in New Mexico with an eye toward expansion in other U.S. basins.

Darren Barbee
Fri, 04/15/2016 - 15:11
Non-free

E&P Finances Continue To Unravel Into Bankruptcy

Goodrich Petroleum and Energy XXI filed for bankruptcy while the pressures of borrowing bank redeterminations and leverage dog Triangle Petroleum and Linn Energy. 

Fri, 04/15/2016 - 14:22

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