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CEO Hager: Devon To Sell Billions More In Assets, Nix Outspend
Devon Energy CEO Dave Hager said the industry in general, Devon included, has not delivered acceptable returns to investors.
Parsley Energy’s Bryan Sheffield Signs Off As CEO
As part of creating value, Parsley Energy is also divesting what it called “tail-end inventory” in the Southern Midland Basin for about $170 million.
Breitburn Energy Bankruptcy Plan Denied In Blow To Elliott, WL Ross
The parties must now renegotiate a deal that would transfer Breitburn's Permian reserves to investors including Elliott and WL Ross through their participation in a $775 million rights offering.