Author: Joshua Mann

SilverBow is delivering on management comments that it would target M&A at the Eagle Ford.

The company has filed a plan of reorganization with the court.

The company has reached a deal acquiring equipment to support the expansion.

“Obviously, with the absolute gut punch to commodity prices, that made it abundantly clear that those companies were going to need a true bankruptcy process to repair their balance sheets.”

The company was originally looking to get the project online before the end of 2020.

Despite Seadrill’s large filing, bankruptcies are slowing down overall in the oil and gas business after a busy 2020.

The company will use the proceeds to partially fund three acquisitions worth billions of dollars, collectively.

The company is prioritizing the integration of Direct Energy in the near term, which means the bulk of that spending is still some number of years down the line.

The company is planning the additional investment based on changes enacted by the state legislators following the disastrous winter storm in February.

Baker Hughes is giving its CEO a raise, putting his salary at the $1 million mark.