Vanguard continues to hunt upstream MLPs despite the vulnerability of commodity price. But it also picks up hedges in the deal with Eagle Rock Energy.
In an industrial espionage case wedged somewhere between the worlds of James Bond and Austin Powers, National Oilwell Varco LP (NOV) has won its legal battle against Mud King Products Inc.
Houston’s Mud King will pay NOV nearly $400,000 in a case involving the theft of NOV’s blueprints by the third-party parts supplier. NOV had sought nearly $7 million in damages.
Where is price headed? That depends on who you believe. “Even the smartest people who study or trade on it can’t seem to agree,” says analyst.
As lower oil prices cut into profits, causing many to idle rigs amid plentiful supplies, some operators have added being less complex and more nimble to their survival kit.
The acquisition will nearly double Ring's daily production from its Permian Basin assets while also creating another core growth area in West Texas.
Liquids-oriented E&P not afraid to drill vertically, deploy technology to gain the best economics in the Delaware Basin.
Riverstone has spent the past two years beefing up companies in Norway, the Midcontinent, Mexico, the Bakken, Permian Basin and continues to make energy bets despite a down market.
Should low oil prices persist, borrowing-base determinations in the fall may be more severe than during this past spring. Here’s why, and what borrowers can do about it.