Thursday, November 28, 2024

Pioneer Energy Services Announces Amended Revolving Credit Facility

Pioneer Energy Services (PES) today announced that it has amended its existing senior secured revolving credit facility and modified certain covenants to enhance the Company’s financial flexibility.  The new agreement sets the borrowing capacity of the facility at $300 million, a reduction of $50 million from the previous facility, and provides for more flexible financial covenants. Beginning in the fourth

Newpark Resources announces new ultra-deepwater contract award and provides business updates

ULTRA-DEEPWATER FLUIDS CONTRACT AWARD The Company announced that it has been awarded a contract by Total S.A. to provide drilling fluids and related services for an exploratory ultra-deepwater well in Block 14 of offshore Uruguay. This project is expected to begin in the second quarter of 2016 and generate approximately $10 million of revenue. Paul Howes, Newpark’s President and Chief

Matador Resources Company Announces Agreement for Sale of Loving County Gas Gathering and Processing Assets for $143 Million

Matador Resources Company (MTDR) (“Matador” or the “Company”), an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources, with an emphasis on oil and natural gas shale and other unconventional plays and with a current focus on its Permian (Delaware) Basin operations in Southeast New Mexico and West Texas, today announced a

Blackbird Energy Commences Drilling Program

CALGARY, ALBERTA–(Marketwired – Sept. 14, 2015) – (TSX VENTURE:BBI) Blackbird Energy Inc. (“Blackbird” or the “Company“) is pleased to provide an operational update regarding its drill program at Elmworth and the significant progress made regarding infrastructure and tie-in. Drilling Operations & Strategy Blackbird is pleased to announce that it has received a drilling license for its third well (the “well”