Sunday, December 22, 2024
Finding Costs Drop to 10-Year Low - Oil & Gas 360

Borrowing Bases Will Weather Recent Oil Price Drop: Haynes and Boone

Most companies predict stable or slight decline in borrowing base By Richard Rostad, analyst, Oil & Gas 360 The recent drop in oil and gas prices has not significantly rattled lenders, according to Haynes and Boone’s recent Borrowing Base Redetermination Survey. Twice a year, the law firm’s energy group polls oil and gas producers, oilfield services companies, energy lenders, private

U.K. Parliament Votes Down May’s Brexit Deal

From The Wall Street Journal British lawmakers rejected Prime Minister Theresa May’s Brexit divorce deal for a second time, making a delay in the U.K.’s scheduled March 29 departure from the European Union all but inevitable and intensifying political turmoil and business uncertainty. The heavy defeat on Tuesday—by 391 votes against to 242 in favor—opens a new chapter in Britain’s