Author: Greg Avery

The stock transaction creates the continent’s third-largest oilfield services business.

Both companies are majority controlled by EIG-managed funds.

A major Piceance Basin player snapped up the assets in a bankruptcy court sale.

Colorado’s new rules require the oil and gas industry to collect well emissions data and reduce fracking pollution to a degree no other state does.

The deal makes the Denver company third-largest in U.S. oil field services.

Occidental hopes to sell as much as $4 billion worth of assets by next summer to help pay down its debt, the company said.

The payment to the outgoing CEO adds to an even bigger retention bonus paid out as the company entered bankruptcy.

Whiting Petroleum will have a new CEO when it emerges from its multibillion-dollar Chapter 11 bankruptcy reorganization next month.

CEO and Chairman Brad Holly will continue to lead the Denver-based oil company through reorganization, which is expecte…

Part of Noble Energy’s reaction to this spring’s collapsed oil market was to turn off some onshore U.S. wells that couldn’t operate profitably in April and May, when crude oil prices plunged to historic lows. Now it’s bringing wells back online.

…