Sunday, July 12, 2026
Bankrupt Alta Mesa assets sold for $320M- oil and gas 360

Bankrupt Alta Mesa assets sold for $320M

Houston Chronicle The oil and gas and pipeline assets of the now-defunct Alta Mesa Resources were sold for $320 million to a partnership between an Oklahoma startup and a Houston private equity firm. Houston’s Bayou City Energy Management and Oklahoma’s Mach Resources are scooping up the remaining parts of Houston-based Alta Mesa and its pipeline subsidiary Kingfisher Midstream. The deal was

OPEC’s waning influence laid bare as coronavirus outbreak hammers oil prices, analysts say- oil and gas 360

OPEC’s waning influence laid bare as coronavirus outbreak hammers oil prices, analysts say

CNBC OPEC’s battle to support oil prices as China’s coronavirus spreads internationally shows the producer group is struggling to wield the same influence over global crude markets, energy analysts have told CNBC. It comes amid speculation that OPEC and non-OPEC producers, sometimes referred to as OPEC+, could extend production cuts if the intensifying outbreak of the coronavirus hampers oil demand growth. International benchmark Brent crude traded at

Oil mixed as virus fears offset by talk of OPEC cut extension- oil and gas 360

Oil mixed as virus fears offset by talk of OPEC cut extension

Reuters NEW YORK – Oil was mixed on Wednesday as worries about the impact of the coronavirus outbreak and swelling crude inventories in the United States weighed on prices, while talk that OPEC could extend oil output cuts provided support. Brent crude LCOc1 gained 9 cents to $59.60 at barrel by 10:43 a.m. (15:41 GMT). U.S. crude was down 32