Darron Anderson is leaving the company for an undisclosed new opportunity. In the interim, the board of directors of Ranger, an independent provider of well service rigs and associated services, appointed Board Chairman
Bill Austin CEO. The company said the board has engaged an executive search firm to assist with the recruitment of a new permanent CEO to replace Anderson.
McDermott International Ltd. has appointed Samik Mukherjee executive vice president and COO.
California Resources Corp. has tapped
Chris Gould to lead its ESG push as its first-ever chief sustainability officer.
Three top executives at Chesapeake Energy Corp. are out, according to a regulatory filing on June 11. Chesapeake Energy s
RI Punya Kitab Suci Kebijakan Energi di Daerah : Okezone Economy
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SHAREHOLDER ALERT: WeissLaw LLP Reminds MCF, CLDR, DTRC, and XEC Shareholders About Its Ongoing Investigations
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Ring Energy announces results of redetermination of credit facility
THE WOODLANDS, Texas â Ring Energy Inc. announced that the borrowing base under its senior revolving credit facility was successfully reaffirmed at its current level of $350 million. Key highlights include the following:
â¢Â Reaffirmation of the borrowing base at $350 million.
â¢Â Easing of the minimum required oil hedges for calendar 2022 from 4,000 barrels per day to 3,100 Bbls/d, which is fully covered by oil hedges currently in place.
â¢Â Enhances price optionality and increases forecasted 2021 cash flow generation; and
Next regularly scheduled bank redetermination will be on or around Nov. 1.
Independence Energy to combine with Contango