Rig counts remain low along with prices The total rig count in the United States for the week ended August 28, 2015, fell eight rigs to 877, according to information from Baker Hughes (ticker: BHI). Rig counts have remained in the same 50-rig range since the week ended May 1, 2015, after falling precipitously along with oil prices since the
A decade of healing When Hurricane Katrina made landfall on the U.S. Gulf coast at New Orleans, Louisiana, on Sept. 29, 2005, the storm unleashed flood waters that devastated families, businesses and livelihoods. The single most catastrophic natural disaster in U.S. history CNN remembered the storm like this: “According to FEMA, Katrina is the single most catastrophic natural disaster in U.S. history. The
Brian Schmidt, President and Chief Executive Officer of Tamarack Valley Energy Ltd. (CDNX: TVE), speaks with Oil & Gas 360® in an exclusive video interview at EnerCom’s The Oil & Gas Conference® 20. Tamarack’s oil-focused assets include light oil resource plays throughout Alberta and highly economic heavy oil opportunities southeast of Lloydminster in Saskatchewan.
Craig Rasmuson, Chief Operating Officer of Synergy Resources, speaks with Oil & Gas 360® in an exclusive video interview at EnerCom’s The Oil & Gas Conference® 20. Synergy has 451,000 gross (309,000 net) acres under lease in the Denver-Julesburg Basin, which encompasses Colorado, Wyoming, Kansas, and Nebraska.
Company Reduces Long-Term Debt by ~$548 Million Halcón Resources Corporation (HK) (“Halcón” or the “Company”) today announced that it has entered into privately negotiated exchange agreements with certain holders of its outstanding unsecured debt securities as part of its efforts to deleverage the Company’s balance sheet. Halcón has agreed to issue approximately $1.02 billion aggregate principal amount of new 13.00%
Story by the Chicago Tribune After years of struggling financially, Susan Rick thought things were looking up when her boyfriend won $250,000 from the Illinois Lottery last month. She could stop working seven days a week, maybe fix up the house and take a trip to Minnesota to visit her daughter. But because Illinois lawmakers have not passed a budget,
