Forest Oil Corp. bondholders claim they were deprived of $584 million when First Reserve Corp. structured a merger to avoid redeeming their debt.
Fresh off one of the busiest years for A&D in its history, the Canadian oil and natural gas producer is seeing opportunities in the crude price collapse.
PEDEVCO, doing business as Pacific Energy Development (PED), also announced that it acquired about 13,000 net acres in the Denver-Julesberg Basin, alomst entirely in Weld County.
In October, Atlas and Targa announced that the companies had agreed to a $7.7 billion merger.
About 70% of those surveyed late last year expect more M&A in 2015.
Four executives talk about the art of exiting a deal.
Major oilfield service companies have announced cutbacks of up to 23,000.
The SEC does not intend to recommend any enforcement action against the company.
The oil field is the last remaining property of the Naval Petroleum and Oil Shale Reserves program.
Lucas announced Feb. 2 that the company had defaulted on debt and is weighing its options.
The company is actively pursuing options to secure funding through a corporate combination or project financing arrangement.
Capital competition will still compete for talented management teams.