After struggling with nearly $2 billion of debt left on its balance sheets despite a previous restructuring, Ultra Petroleum, one of the largest oil and gas drillers in Wyoming, voluntarily filed for Chapter 11 bankruptcy in May.
Two Bone Springs completions reported by EOG in the Permian Basin and Chesapeake Energy Haynesville Shale discoveries top this week’s drilling activity highlights from around the world.
Three Haynesville producers in De Soto Parish, La., Marathon Middle Bakken completions and a Barnett Shale discovery by Devon Energy top this week’s drilling activity highlights from around the world.
Grizzly Energy, formerly Vanguard Natural Resources, appointed veteran oil and gas dealmaker Steve W. Herod as CEO, effective Feb. 3.
Anschutz Exploration retained EnergyNet for the sale of multiple Powder River Basin packages covering over 90,000 net acres in Wyoming with bids due Dec. 18.
Rockies oil and gas producer Ultra Petroleum’s recruitment of a new senior management team follows an agreement with its largest shareholder to pursue value-maximizing strategies.
From the biggest operators with multinational portfolios to basin-specific smaller producers with motivation to grow. Investor showcases the 50 most-valued U.S. independents.
Ultra Petroleum tapped David Honeyfield to succeed CFO Garland Shaw, who did not relocate from Houston following the recent move of the Wyoming gas producers’ headquarters to Englewood, Colo.