Author: Joshua Mann

The project is the second phase of a larger Texas solar farm.

The power company is applying for tax incentives covering the project.

The company’s costs for the asset suite behind the Driftwood project are down by 30% from estimates earlier this year.

The companies most recently had planned to close the deal by Sept. 30 after eyeing a summer closing.

The company first entered default in January.

What ultimately became a $5 billion all-stock acquisition started as a potential regional joint venture.

The availability of funding has been a particular issue in the industry, with many lenders cutting the amount of credit they are willing to extend to borrowers in the upstream sector.

Oasis’ stock price, like that of many other oil and gas companies, has fallen below the minimum listing standards of the exchange.

The company had a buyer lined up after its acquisition of Anadarko, but that deal fell through earlier this year.

The outgoing CEO has been with the company for more than 15 years, but he won’t have to leave empty handed.