Thursday, May 29, 2025

Total U.S. Rig Count Down by Four Last Week

Oil Rig Count Rises by One, Oil Breaks $40 Barrier The U.S. rig count continued falling for a thirteenth-straight week in the week ended March 18, 2016, according to information from Baker Hughes. The total count fell by four to 476 with five fewer rigs drilling for gas reported partially offset by the addition of one oil rig. Oil rigs

Range Resources Announces Annual Borrowing Base Approval

FORT WORTH, TX — (Marketwired) — 03/17/16 — RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that the Company’s existing $3 billion Borrowing Base and $2 billion Commitment Amount under its $4 billion bank credit facility have been unanimously approved by its 29 lenders. Under the terms of the credit agreement, Range is subject to an annual Borrowing Base redetermination with

Venoco Reaches Agreement With Senior Lenders to Reduce Debt and Restructure Balance Sheet

Company to Continue Normal Operations and Meet Its Financial Obligations Throughout Restructuring Process DENVER, CO–(Marketwired – March 18, 2016) – Venoco, Inc. today announced that it has reached an agreement with its senior lenders to reduce the company’s debt load and restructure the balance sheet. Under the terms of the agreement, these lenders have agreed to support a restructuring transaction