Basic Energy Services Inc. and certain subsidiaries have filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code to pursue a prepackaged plan of reorganization.
The increase in Asian refinery throughput and thus crude oil demand in the region will slow significantly in the next two years, rising by only 400,000 b/d annually, according to a recent outlook form ESAI Energy.
Carrizo Oil & Gas Inc. has agreed to acquire Eagle Ford Shale properties from an affiliate of Sanchez Energy Corp. for $181 million in cash.
Doug Bacon has joined Kirkland & Ellis LLP as a corporate partner in the Houston office.
The board of directors of Overseas Shipholding Group Inc. has approved the previously announced plan to separate its international and domestic businesses into two independent, publicly traded companies.
American Midstream Partners LP and JP Energy Partners LP have executed a merger agreement to create a combined midstream platform.
Jeffrey P. Wood will assume the role of senior vice president and CFO of Black Stone Minerals LP following the previously announced departure of Marc Carroll on November 11, 2016.
1Derrick gives OGFJ readers a snapshot of oil and gas industry M&A activity for the week of October 17 – October 21.