Tag: Leverage
Range Resources closes sale of Marcellus shale asset
Range Resources sold working interest of 23% covering 10,900 net acres with net production of 22 Mmcf per day FORT WORTH, TX – Troubled oil and gas producer Range Resources Corporation today announced that it has completed the sale of its Bradford County, Pennsylvania non-operated assets. After purchase price adjustments based upon a Jan. 1st effective date, […]
Swift Energy bankruptcy filing symbolic of oil patch woes – Fitch
Swift Energy launched $640 million loan in June to pay down borrowings/cash needs but pulled due to poor market The Dec. 31 Chapter 11 bankruptcy filing by Swift Energy Company adds to the growing wave of energy defaults and is representative of continued oil patch challenges, according to Fitch Ratings. Swift Energy’s bankruptcy filing, affecting approximately […]
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