Post Tagged with: "Alta Mesa"

Oil price collapse sours $310-million deal for failed shale producer

Oil price collapse sours $310-million deal for failed shale producer

Reuters


HOUSTON  – A court-ordered sale of one-time shale high-flyer Alta Mesa Resources Inc fell through due to a lack of financing on Monday, according to court filings, a day when oil prices and shares of U.S. oil producers plummeted.…

Bankruptcy Looms for Oil and Gas Companies

Bankruptcy Looms for Oil and Gas Companies

Weatherford plans pre-packaged Chapter 11
By Richard Rostad, analyst, Oil & Gas 360

The Q4 2018 price crash is poised to claim several victims, as Weatherford (ticker: WFT) is filing Chapter 11 and two E&P companies are likely to announce

Investors Handed an Oilman a ‘Blank Check’ Company. Here’s How It Turned Out.

Investors Handed an Oilman a ‘Blank Check’ Company. Here’s How It Turned Out.

From The Wall Street Journal

Two years ago, investors handed veteran oilman Jim Hackett a $1 billion check and sent him to seek riches in shale drilling.

Today, the company he founded with their money, Alta Mesa Resources Inc., has …

Courtesy of Chesapeake

Alta Mesa Announces 30% Quarterly Production Growth

Well spud to first oil shrinks by 31%
Alta Mesa Resources (stock ticker: AMR) announced third quarter results today, showing net earnings of $7.1 million, or $0.04.

The company produced an average of 33.4 MBOEPD in Q3, up over 30%

Shale Drillers Look Beyond Texas as Prices Rise

Shale Drillers Look Beyond Texas as Prices Rise

From The Wall Street Journal

Shale drillers are ramping up production in the U.S. as oil prices rise, moving beyond the West Texas oil field that became the country’s drilling center.

From Oklahoma to North Dakota, companies are increasing investment …

May 14, 2018 - 9:30 am Closing Bell Story‎, Energy News
Courtesy of PetroShale

Alta Mesa Resources Expects $725-$800 Million 2018 CapEx

Alta Mesa Resources, Inc. (ticker: AMR) and its wholly owned subsidiaries, Alta Mesa Holdings, LP (AMHLP) and Kingfisher Midstream, LLC, have released financial results, CapEx guidance and other updates.

2018 CapEx

Alta Mesa’s total capital expenditures for 2018 are expected …

Alta Mesa Deal: ARM Energy Sold Kingfisher Midstream to Silver Run II for $1.55 Billion

Alta Mesa Deal: ARM Energy Sold Kingfisher Midstream to Silver Run II for $1.55 Billion

ARM Energy Holdings LLC said that the company and its partners have sold Kingfisher Midstream, LLC to Silver Run Acquisition Corporation II, in exchange for an aggregate consideration of up to $1.55 billion.

The transaction consideration is comprised of $800 …

Alta Mesa Resources, Silver Run, Kingfisher Deal is in the Books

Alta Mesa Resources, Silver Run, Kingfisher Deal is in the Books

Stock will trade on Nasdaq: AMR, starting Feb. 12

Silver Run Acquisition Corporation II (ticker: SRUN) completed its business combination with Alta Mesa Holdings, LP and Kingfisher Midstream, LLC.

Alta Mesa is an independent exploration and production company focused on …

Silver Run II Adds $1.042 Billion to Complete Merger

Silver Run II Adds $1.042 Billion to Complete Merger

Silver Run Acquisition Corporation II will have approximately $1.042 billion in its trust account to complete the business combination of Silver Run II, Alta Mesa Holdings, LP and Kingfisher Midstream, LLC. The new company will be called Alta Mesa Resources, …