Bruin E&P Partners also emerged from Chapter 11 bankruptcy with a newly constituted board of directors comprised of Kevin Asarnow, Mark Bisso, Richard J. Doleshek and Mike Wichterich as well as Bruin CEO Matt Steele.
At a special meeting of stockholders on Aug. 17, 95% of Northern Oil and Gas stockholders voted in favor of the 1-for-10 reverse stock split.
Whiting Petroleum had become the first publicly traded shale producer to file for bankruptcy in April after the historic crash in crude prices in the previous month.
U.S. energy firms kept the number of oil and gas rigs operating unchanged this week with some analysts expecting producers to have shut rigs ahead of Hurricane Laura.
The U.S. Army Corps of Engineers on Aug. 26 asked an appeals court to reverse a ruling which scrapped an environmental permit that allows the Dakota Access crude oil pipeline, known as DAPL, to operate on U.S. land.
Equinor plans to not drill any new unconventional wells this year in the U.S., where it has acreage in the Bakken and Marcellus shale formations, a spokesman for the Norway-based oil and gas company said.
Weekly oil and gas rig count in the U.S. increases for the first time since March with the Midcontinent region making the largest percentage and absolute gains.
Here’s a quicklist of oil and gas assets on the market including an XTO Energy operated Permian Basin well package plus a Midland Basin asset operated by Vermilion Cliffs Partners.