OklahomaMinerals.com

Snippets

• KKR to Pursue Oil and Gas Investments in Williston Basin
  KKR, a leading global investment firm, and Western Natural Resources, LLC today announced a new partnership...
  KKR, a leading global investment firm, and Western Natural Resources, LLC today announced a new partnership to acquire producing and undeveloped oil and gas assets in the Williston Basin.
  
  The Williston Basin includes meaningful existing production and high quality, well-defined remaining drilling inventory well suited to KKR’s Energy Real Assets strategy, which prioritizes the generation of free cash flow and strong asset level returns in the upstream oil and gas sector.
  
  Read Full Story
  
  
  Read More
• Roan Resources Announces it Has Engaged Citigroup and Jefferies
  Roan Resources, Inc. (ROAN) today announced that it has engaged Citigroup Global Markets Inc. and Jefferies...
  Roan Resources, Inc. (ROAN) today announced that it has engaged Citigroup Global Markets Inc. and Jefferies LLC, to assist the Company in evaluating strategic alternatives.
  
  As previously announced on April 29, 2019, the Company has received multiple unsolicited indications of interest for an outright purchase of the Company, as well as inbound inquiries from potential consolidation partners, and has formed a transactional working committee of its Board to evaluate potential strategic alternatives for the Company. Since that date, the Company has continued to receive additional inquiries for an outright purchase of the Company. The Committee, assisted by its legal and financial advisors, will consider all strategic alternatives, with the primary focus on maximizing shareholder value.
  Read More
• SEC investigating Alta Mesa's finances
  The U.S. Securities and Exchange Commission is investigating the Houston oil and gas company Alta Mesa...
  The U.S. Securities and Exchange Commission is investigating the Houston oil and gas company Alta Mesa Resources for potential fraud amid admitted failures in its financial reporting.
  
  A 1-year-old company already struggling to survive, Alta Mesa originated from a $1 billion black-check firm led by the former chief of Anadarko Petroleum. Alta Mesa is now valued at just more than $30 million on Wall Street and its stock is trading for 18 cents a share.
  
  The company is barely staying afloat for now, recently laying off roughly one-third of its 200 employees and writing down the value of its assets by $3.1 billion because of its undisclosed financial flaws. The company has declined to elaborate on the nature of its internal financial errors.
  
  Read Full Story
  Read More
• Rice Brothers Reduce Their EQT Director Nominees To Seven From Nine
  EQT Corp. shareholders Rice brothers said on Thursday they will reduce their director nominees to the...
  EQT Corp. shareholders Rice brothers said on Thursday they will reduce their director nominees to the company's board from nine to seven after EQT decided to replace three long-serving directors.
  
  The Rice team said two of the oil and gas producer’s new director nominees, Janet Carrig and James McManus, appear qualified to serve on its board and reduced its own slate by two
  
  Rice Energy's Toby Rice and brother Derek own around 3% of EQT and have been pushing for a change in its strategy and a shakeup of the board.
  
  Last week, the brothers said that EQT's plan to replace three board members was not enough and urged it to change its leadership
  
  Toby and Derek Rice are part of Rice Energy's founding team, which EQT bought in November 2017. They hold EQT management responsible for its underperformance since the merger, despite it taking the mantle of the largest U.S. natural gas producer when it acquired Rice Energy.
  Read More
• China trade tensions could jeopardize US LNG export boom
  The escalating trade dispute with China could take a heavy toll on the booming US liquefied natural gas...
  The escalating trade dispute with China could take a heavy toll on the booming US liquefied natural gas industry as terminal developers are forced to look elsewhere for buyers, while lenders and investors are increasingly reluctant to back projects being developed. Barclays analysts said, "Chinese investment in US LNG export projects will remain at a standstill, in our view, with Chinese offtakers likely waiting on a trade deal before signing any deals with US counterparties."
  
  Read Full Story
  Read More

• Prev
• Next