“After exploring all strategic and financial options available to Rosehill,” CEO David French said the company agreed to a restructuring plan with its major creditors, which includes filing for Chapter 11 bankruptcy, .
Blackbeard Operating retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of its operated properties in South Texas as part of a regional exit.
Powder River Basin Niobrara Shale well completed by EOG Resources in Wyoming’s Converse County plus LLOG Exploration’s results from a U.S. Gulf of Mexico discovery top this week’s drilling activity highlights from around the world.
Customers say the project is not necessary with Bakken production way down.
Blackbuck Resources CEO Justin Love says a unique background and being debt-free has allowed opportunities for the Houston-based midstream company through this tumultuous time.
Some wells in the Permian’s Delaware sub-basin can clear a ‘10% half-cycle hurdle rate even with WTI below US$30/bbl,’ Wood Mackenzie says.
Here’s a snapshot of recent energy deals including a $5 billion divestiture by BP as the London-based major shifts its focus to low-carbon energy.
Here’s a quicklist of oil and gas assets on the market including an operated working interest package that includes producing Barnett Shale wells.
IPR Energy Partners LLC retained Oil & Gas Asset Clearinghouse LLC for the sale of an operated working interest package across multiple Texas counties that includes production from the Barnett Shale.