Houston-based upstream energy co. considers bankruptcy, other options

The company has decided against making an interest payment due Aug. 15......»»

Category: topSource: bizjournalsAug 15th, 2019

Houston upstream energy co. reaches restructuring agreement, will file Ch. 11

Houston-based Gastar Exploration Inc. (OTCQB: GSTC) will soon file for Chapter 11 bankruptcy protection to implement a new restructuring plan.  The upstream energy company announced in a late Oct. 26 press release that it reached a restructuring.....»»

Category: topSource: bizjournalsOct 27th, 2018

Houston energy co. led by James Hackett files Chapter 11, names new CEO

Struggling Houston-based energy company Alta Mesa Resources Inc. (Nasdaq: AMR) and six affiliated companies have filed voluntary Chapter 11 bankruptcy petitions on Sept. 11. Alta Mesa's midstream platform, Kingfisher Midstream LLC, and its subsid.....»»

Category: topSource: bizjournalsSep 12th, 2019

BP to cut more than 500 upstream jobs

London-based BP PLC, which has its U.S. operations based in Houston, is trimming its employee count. The energy giant plans to reduce its upstream workforce by about 3 percent worldwide to increase efficiency and competitiveness, according to a s.....»»

Category: topSource: bizjournalsMay 22nd, 2018

Energy-focused manufacturer launches IPO after emerging from bankruptcy

The holding company for Houston-based AFGlobal Corp. is going public about a year after emerging from bankruptcy. AFG Holdings Inc. announced July 9 that it commenced an initial public offering of 18.2 million shares of its common stock, which it pl.....»»

Category: topSource: bizjournalsJul 9th, 2018

Houston upstream energy co. WildHorse buys more assets in Eagle Ford Shale

The largest oil company in the eastern end of the Eagle Ford Shale is expanding its presence. Houston-based WildHorse Resource Development Corp. closed two deals to buy 20,305 net acres of Eagle Ford, Austin Chalk and other oil leases in Burleson.....»»

Category: topSource: bizjournalsSep 21st, 2018

Alta Mesa"s stock sinks after declaring bankruptcy

Shares Alta Mesa Resources Inc. slid 14% to match its record closing price Thursday, after the Houston-based oil and gas development company said it filed for bankruptcy. The company said that despite progress .....»»

Category: topSource: marketwatchSep 12th, 2019

Chicago billionaire buys into Houston energy joint venture

An investment firm backed by Chicago billionaire Sam Zell has bought into Los Angeles-based Colony Capital Inc.’s (NYSE: CLNY) energy arm. The deal creates a Houston-based joint venture — called Alpine Energy Capital — between Colony and Zell.....»»

Category: topSource: bizjournalsSep 11th, 2019

Former Tudor Pickering Holt leader spins out energy asset management firm

Nearly three years after Houston-based energy investment banking firm Tudor, Pickering, Holt & Co. became part of New York-based financial services firm Perella Weinberg Partners, Dan Pickering is spinning off his own firm. Pickering spun out all .....»»

Category: topSource: bizjournalsSep 9th, 2019

Deal of the Week: Newly formed Houston-based energy co. makes $925M buy

The Houston company was co-founded earlier this year by the former CEO of WildHorse Resource Development Corp. and is backed by KKR & Co. Inc. (NYSE: KKR), a global investment firm......»»

Category: topSource: bizjournalsSep 6th, 2019

Houston LNG cos. hit milestones: FERC grants approval, train completed, cargo ships

Three Houston-based companies announced major milestones for their liquefied natural gas export projects on Sept. 3. Houston-based Commonwealth Projects LLC announced Sept. 3 that the U.S. Federal Energy Regulatory Commission formally accepted the a.....»»

Category: topSource: bizjournalsSep 4th, 2019

South Florida"s top Fortune 500 company announces $170M acquisition

World Fuel Services Corp. agreed to acquire UVair, the Houston-based fuel business of Universal Weather and Aviation, for $170 million. The Doral-based energy company giant (NYSE: INT) announced terms of the deal on Thursday. The deal would be fund.....»»

Category: topSource: bizjournalsAug 22nd, 2019

HBJ"s Women Who Mean Business Lifetime Achievement Award winner named

The Houston Business Journal has named Hallie Vanderhider as its Women Who Mean Business Lifetime Achievement Award winner. Vanderhider serves as managing director at SFC Energy Management, an upstream oil and gas equity firm. Prior to that, she s.....»»

Category: topSource: bizjournalsAug 21st, 2019

Houston helicopter co. in Chapter 11 commences $75M senior note buyback

Houston-based Bristow Group Inc., which filed for bankruptcy protection in May, is commencing a cash tender offer. Bristow will purchase up to $75 million of its outstanding 8.75 percent senior secured notes due 2023, according to an Aug. 12 fil.....»»

Category: topSource: bizjournalsAug 12th, 2019

Houston- and Oklahoma-based energy cos. complete merger of equals

Before Houston-based Occidental Petroleum Corp. (NYSE: OXY) closed its high-profile acquisition of The Woodlands-based Anadarko Petroleum Corp., another pair of energy companies also completed a merger last week. Houston-based Amplify Energy Corp. an.....»»

Category: topSource: bizjournalsAug 11th, 2019

Midwestern refiners to begin transferring fuel eastward on Laurel pipeline

The Houston-based Buckeye Partners group announced a settlement agreement to allow midwest refiners to use the company's Laurel pipeline, a 350-mile pipe that has usually only flowed westward from Philadelphia, according to Kallanish Energy News. Buck.....»»

Category: topSource: bizjournalsAug 9th, 2019

E&P co. takes stake in Houston energy water co.

Midland-based Concho Resources Inc. (NYSE: CX) reached a deal with Houston-based Solaris Water Midstream LLC creating a partnership around the company’s exploration and production water needs. Concho passed 31 salt water disposal wells and about 40.....»»

Category: topSource: bizjournalsAug 4th, 2019

Pittsburgh-based robotics co. opens Houston office

This year, Gecko Robotics broke into the oil and gas and paper industries. Now, it's opening an office in the energy capital of the world......»»

Category: topSource: bizjournalsAug 2nd, 2019

Why Houston"s solar IPO probably isn"t the start of a trend

Houston is home to the first solar entrant to public markets since 2015, but the deal is unlikely to herald a trend. Houston-based Sunnova Energy International Inc. (NYSE: NOVA), formerly Sunnova Energy Corp., last week priced its initial public offering.....»»

Category: topSource: bizjournalsJul 30th, 2019

Deal of the Week: New Houston energy co. gets $1B in PE backing

Private equity firm Warburg Pincus LLC and the Kayne Private Energy Income Funds are backing a new upstream company......»»

Category: topSource: bizjournalsJul 26th, 2019

NYSE delists Houston oil co.

Houston-based oil and gas producer Halcón Resources Corp. (NYSE: HK) is on its way off the New York Stock Exchange. The upstream oil and gas company's stock price slipped below the threshold at $1 per share in May. By the end of the month, the NYSE.....»»

Category: topSource: bizjournalsJul 24th, 2019