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
Houston Chronicle Farris and Dan Wilks hit pay dirt during the shale boom when they sold their Texas fracking company in 2011 for $3.5 billion, giving them ample resources to fund their interests in land, politics and religion. But many of their more recent investments in the Permian Basin have turned to dust. The brothers put some of their fortune
Alta Mesa Resources, Inc. (stock ticker: AMR) has announced the resignations of Harlan H. Chappelle, president and chief executive officer, and Michael E. Ellis, VP and chief operating officer—upstream. The two resignations will be effective December 26, 2018. Both Chappelle and Ellis resigned as members of the board of directors, effective immediately. The company said Executive Chairman James Hackett has
Alta Mesa Resources, Inc.(NASDAQ: AMR) Company Overview Alta Mesa Resources, Inc. (formerly known as Silver Run Acquisition II) is a publicly traded independent E&P company which was formed in early 2018 by combining the core upstream assets of Alta Mesa Holdings, LP with the gas processing assets of Kingfisher Midstream LLC. The company is focused on the development and acquisition
Alta Mesa Reports First Quarter 2018 Results
Alta Mesa Resources, Inc. (ticker: AMR) produced 24,000 BOEPD in Q1 2018 and exited the quarter with average net production of 25,800 BOEPD in March. Overall, total production for the first quarter of 2018 was 2,162 MBOE. According to Alta Mesa, production for 2018 is expected to average between 33 MBOEPD and 38 MBOEPD. The company added rig number eight
Alta Mesa Resources, Inc. (ticker: AMR) produced 21,000 BOEPD in 2017, a 50% increase over 2016 net production of approximately 13,000 BOEPD. Total production mix for full-year 2017 was 52% oil, 17% natural gas liquids and 31% natural gas. Fourth quarter 2017 production was approximately 22,000 BOEPD, a greater than 45% increase over approximately 15,000 BOEPD in the fourth quarter
Alta Mesa Resources, Inc. is a new company that was announced on August 16, 2017 that will combine Silver Run Acquisition Corporation II, Kingfisher Midstream, LLC and Alta Mesa Holdings, LP. The company has its asset base concentrated in the core of the STACK oil play. The transaction, which integrates existing upstream and midstream assets, is managed by an experienced
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