November 12, 2015

MIDLAND, Texas–(BUSINESS WIRE)– Clayton Williams Energy, Inc. (CWEI) today announced that it has completed the scheduled semiannual borrowing base redetermination of its revolving credit facility and has extended the temporary covenant amendments originally set for expiration in 2016. Effective November 9, 2015, the borrowing base and aggregate lender commitment under the Company’s revolving credit facility is $450 million, down 10%

FORT WORTH, Texas, Nov. 11, 2015 /PRNewswire/ — Basic Energy Services, Inc. (NYSE: BAS) (“Basic”) today reported selected operating data for the month of October 2015.  Basic’s well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 44,400 producing a rig utilization rate of 44%, compared to 46% and 73% in September 2015 and October

CALGARY, ALBERTA–(Marketwired – Nov 11, 2015) – TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (TGL.TO)(TGA) announces that its Board of Directors has approved a capital budget of $41 million for 2016 and declared a quarterly dividend of US$0.025 per common share, which will be paid in cash on December 31, 2015 to shareholders of record on December 15, 2015. The

From The Business Journals Attention, attorneys: your biggest corporate clients may be your biggest competition next year. Some 40 percent of corporate legal departments expect to cut spending on law firms over the next 12 months and three-fourths of those will shift the work to their in-house staff. The remainder will use vendors or contract lawyers, according to consulting firm

From Bloomberg News Suncor Energy Inc. said shareholders of Canadian Oil Sands Ltd. should disregard their board of directors and accept its hostile $4.7-billion takeover offer. Canadian Oil Sands has a record of “underperformance, financial challenges,” and vulnerability to low oil prices, Suncor said in a letter to shareholders Thursday. Suncor’s offer represents a 57 per cent premium on Canadian