Author: Joshua Mann

Several companies, including Tesla Inc., are considering investments worth hundreds of millions of dollars in Texas.

The company took “quick and decisive actions” to deal with the downturn and pandemic, said the CEO.

The company, which is the result of a recent merger between the old Bristow Group and Era Group, is still looking ahead to more consolidation opportunities.

This isn’t the first time the company has gone to the debt market this year.

The companies are opposing a tax increase on crude oil production on Alaska’s North Slope.

The delisting would trigger a clause in some of the company’s debt that would allow the creditors to call in immediate repayment, but the company has already reached a forbearance agreement.

The companies’ executives first started talking about a potential deal in January 2019.

A little more than three months after it finished its out-of-court-restructuring, Houston-based Key Energy Services Inc. has hired its permanent top financial executive.

Key named Nelson Haight as its new CFO on June 15, succeeding John Marshall Dodso…

The move comes in a year that some at the top of the company hoped would have heralded growth instead of more downturn.

The company plans to use a portion of the liquidity to pay down notes due in 2021, but it will still have cash left over.