From The Wall Street Journal Apollo Global Management APO -0.73% LLC and a group of other big investors had black gold in mind when they acquired oil-and-natural-gas producer EP Energy Corp. in a leveraged buyout seven years ago. Instead, the debt-fueled deal has delivered black eyes. Last month, EP warned in a securities filing that its ability to remain a going concern is in
On December 12, Carrizo Oil & Gas, Inc. (ticker: CRZO) announced that it would sell a portion of its Eagle Ford acreage to an undisclosed buyer. Today, EP Energy Corporation (ticker: EPE) disclosed that it was the buyer, acquiring certain producing properties and undeveloped acreage from existing Eagle Ford operating areas, primarily in LaSalle County, South Texas. EP Energy acquisition
Southwestern Energy Company (ticker: SWN) has brought in Clayton A. Carrell as its EVP and chief operating officer. Effective today, Carrell is responsible for Southwestern’s operations and technical activities, which encompass approximately 875 Bcfe of production (2016) in northeast Appalachia, southwest Appalachia and the Fayetteville shale plays. Southwestern’s oil and gas properties total almost 1.5 million net acres. “We are
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