Privately held Q Consolidated Oil Well Services LLC has acquired oilfield-service subsidiaries Consolidated Oil Well Services Inc. and CIS-Oklahoma Inc. from parent Infinity Energy Resources Inc., Denver, (Nasdaq: IFNY) for $52 million in cash.
Infinity will use the proceeds to pay approximately $51 million of senior secured debt. Infinity chief executive Stanton E. Ross
says, “The sale…represents another important step in our previously announced program to enhance shareholder value, and the repayment of our senior indebtedness will allow Infinity to more effectively proceed with the exploitation of our oil and gas resources in the Barnett Shale formation in Texas and in the Rocky Mountain area.”
Q&A: EnCap’s Thielemann: Private Equity ‘Survivors’ Poised to Thrive
2023-03-21 - EnCap private equity veteran Brad Thielemann discusses the role of private equity in traditional oil and gas investing — including the need to ramp up investments to meet demand — as well as its trajectory for financing the transitions ahead.
Brad Gray on Diversified’s Strategy Past Appalachia [WATCH]
2023-03-30 - Diversified Energy’s Brad Gray sat down with Pietro Pitts at Hart Energy’s DUG Haynesville Conference in Shreveport to talk about what Diversified is doing to set itself apart from other E&Ps and future plans as the company expands outside of the Appalachian Basin.
Magnolia Oil and Gas Announces 15% Increase to Quarterly Dividend
2023-02-01 - Magnolia Oil and Gas Corp.’s shareholder distribution increase reflects the company’s efforts to maximize shareholder returns.
Women in Energy: Alina Parast, ChampionX
2023-02-01 - Today's featured 25 Influential Women in Energy honoree is Alina Parast, senior vice president and CIO of ChampionX.
Women in Energy: Marianella Foschi, Civitas Resources
2023-01-24 - Today's featured 25 Influential Women in Energy honoree is Marianella Foschi, CFO of Civitas Resources.