Claire Poole is a senior writer based in Houston covering energy and utilities. In her time at The Deal, Poole has written stories analyzing the how and why of energy deals and speculating on upcoming activity. She has also conducted insightful interviews with leading energy dealmakers and is often the first to reveal groundbreaking energy news. Before joining The Deal in 2000, Poole worked as a reporter and staff writer at Forbes, was editor-in-chief of El Financiero International and Mexico Business and was a contributing editor at Latin Trade. She also contributed articles to Money, Worth, Businessweek and Texas Monthly.
The partnership said the $207 million net loss included $252.9 million in non-cash charges and blamed lower Ebitda on commodity price declines and warmer weather.
The company said it may no longer be in compliance with its interest coverage ratio requirement under its loan agreements by June and a covenant violation could occur by mid-August.
Exxon Mobil-Pioneer, Diamondback-Energen, Diamondback-RSP Permian and Callon-Clayton Williams all make sense in a place where operators are actually making money.
CreditSights sees M&A picking up in the oil and gas sector in the second half, citing Concho, Whiting, Oasis, Range, Antero and Anadarko as possible takeouts
Analysts say the deal will improve the company's position and efficiency in a promising part of West Texas' southern Delaware Basin.
Westlake Chemical, a hostile bidder, intends to submit a revised proposal or reaffirm its current one by the June 3 deadline.
Analysts wonder if some of the improvement may be attributed to fees from oil and gas explorers cancelling use of its equipment early.
The bond rating agency cited weak expectations for offshore drilling demand through next year.
The deal - the first in a while due to the industry downturn - will expand the buyer's natural gas position into the Gulf Coast and lower its overall debt.
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