Post Tagged with: "EBIDTA"

Source: Amplify Energy

Shareholders of Amplify Energy and Midstates Petroleum Greenlight Merger

By Tyler Losier, Energy Reporter, Oil & Gas 360 Amplify Energy and Midstates Petroleum to merge after receiving shareholder approval Amplify Energy Corporation (stock ticker: AMPY), a Houston-based independent E&P, has received the necessary shareholder approval for its previously announced all-stock merger-of-equals transaction with Midstates Petroleum Company (stock ticker: MPO). Likewise, Midstates’ shareholders also signed off on the deal at the company’s annual meeting late last week as well. The transaction, expected to close on August 6, will still be subject to the satisfaction of any remaining customary closing conditions. Amplify Energy’s current assets (source: Amplify Energy) As part of the transactio… Login or click here to subscribe Username or E-mail Password Remember Me     Forgot Password

Source: PRNewsfoto/Contura Energy

Contura Energy Appoints New CEO and Board Member

By Tyler Losier, Energy Reporter, Oil & Gas 360 Contura Energy selects David J. Stetson as its new CEO and as a member of its board of directors Contura Energy (stock ticker: CTRA), a Tennessee-based coal supplier, has unanimously elected David J. Stetson as the company’s new chief executive officer, as well as a member of its board, effective July 29. Previously, Stetson served on Contura’s board from November 2018 to April 2019. He replaces Andy Eidson, Contura’s executive vice president and chief financial officer, and Mark Manno, Contura’s executive vice president, chief administrative and legal officer and secretary, who were appointed as interim co-CEOs while the board conducted its search for the company’s permanent CE… Login or click here to subscribe

Harvest Oil & Gas Divests Barnett Shale

Harvest Oil & Gas Divests Barnett Shale

By Tyler Losier, Energy Reporter, Oil & Gas 360 Harvest Oil & Gas sells Barnett shale assets for $72 million Harvest Oil & Gas Corporation (stock ticker: HRST), formerly EV Energy Partners L.P., has entered into a definitive agreement with an undisclosed buyer to sell all of its interests in the Barnett shale formation for $72 million. For the first three months of 2019, the assets in question had an average production rate of 55.6 MMcfe per day, with estimated proved reserves of 276.6 Bcfe (62% natural gas, 37% NGLs, 1% crude oil) as of year-end 2018, calculated using SEC pricing. Harvest’s current assets (source: Harvest Oil & Gas) The transaction, which has an effective date of April 1, 2019, is expected … Login or click here to subscribe

New CEO, Chairman at Schlumberger

New CEO, Chairman at Schlumberger

By Tyler Losier, Energy Reporter, Oil & Gas 360 Schlumberger appoints Olivier Le Peuch as CEO, Mark G. Papa as non-executive chairman of the board Schlumberger Limited (stock ticker: SLB), the largest public oilfield services company in the world by both market capitalization and enterprise value, has elected Olivier Le Peuch as its chief executive officer, effective August 1, 2019. Additionally, the company has also named Mark G. Papa, a current non-independent director, as the new non-executive chairman of the board, effective the same date. Le Peuch and Papa will replace Paal Kibsgaard, Schlumberger’s current CEO and chairman, who is retiring at the end of this month after 22 years of service. Peter Currie, who has been… Login or click here to subscribe