Following up on announced plans to search for strategic alternatives, Magnum Hunter Resources Inc. said Monday it has hired Deutsche Bank Securities and Merrill Lynch & Co. as financial advisers. Founding CEO Gary Evans announced his retirement last week, and said the next management team would take the company to a new level (see Daily GPI, Oct. 8).
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California Muni Group Pursuing Long-Term Gas Reserves, Hires Petrie Parkman
With a development agreement among six of its members and three other public sector partners, the Southern California Public Power Authority (SCPPA), is actively pursuing up to six aggregated natural gas supply deals from supply basins throughout the Western United States. The effort kicks off the first two weeks of October when a SCPPA contingent will visit with possible suppliers in the gas patch as a “reconnaissance” mission, the group’s Executive Director Bill Carnahan told NGI last week.
California Muni Group Pursuing Long-Term Gas Reserves, Hires Petrie Parkman
With a development agreement among six of its members and three other public sector partners, the Southern California Public Power Authority (SCPPA), is actively pursuing up to six aggregated natural gas supply deals from supply basins throughout the Western United States. The effort kicks off the first two weeks of October when a SCPPA contingent will visit with possible suppliers in the gas patch as a “reconnaissance” mission, the group’s Executive Director Bill Carnahan told NGI/Power Market Today Monday.
Mission Resources Hires Advisers to Evaluate Strategic Options
Shares of Houston-based independent producer Mission Resources Corp. rose more than 8% last Tuesday to $6.50 but slide back to the $5.60s by Friday after the company said that it retained Petrie Parkman & Co. to assist in evaluating strategic alternatives designed to enhance shareholder value. Mission also said the move does not guarantee that a transaction will take place.
Mission Resources Hires Advisers to Evaluate Strategic Options
Shares of Houston-based independent producer Mission Resources Corp. rose more than 8% Tuesday to $6.50 by mid-afternoon after the company said that it retained Petrie Parkman & Co. to assist in evaluating strategic alternatives designed to enhance shareholder value. Mission also said the move does not guarantee that a transaction will take place.
Canadian Superior Hires Counsel to Challenge Mariner Lawsuits
Calgary-based Canadian Superior Inc. said Wednesday it has retained legal counsel to “aggressively” deal with class action lawsuits “threatened or pending” that allege the company made materially false or misleading statements to the public regarding the costs and results of its Mariner drilling operations offshore Nova Scotia.
Cheniere Hires Finance Advisers to Aid in Gulf Coast LNG Project Funding
Cheniere Energy Inc. last Tuesday said it hired HSBC Securities (USA) Inc. and Petrie Parkman & Co. to assist the company in arranging project funding for the liquefied natural gas (LNG) regasification facilities that it plans to build in Corpus Christi, TX, and Sabine Pass, LA.
Cheniere Hires Finance Advisors to Aid in LNG Project Funding
Cheniere Energy Inc. said Tuesday it has hired HSBC Securities (USA) Inc. and Petrie Parkman & Co. to assist the company in arranging project funding for the liquefied natural gas (LNG) regasification facilities that it plans to build in Corpus Christi, TX, and Sabine Pass, LA.
Dynegy Reshuffles Financial Team, Hires Former Shell CFO
In yet another financial management shakeup at Dynegy Inc., former Shell Co. executive Nick J. Caruso has been named CFO and executive vice president effective immediately.
Mackenzie Gas Project Takes Next Step, Hires Engineer
Taking the next logical step for the transportation of Canadian arctic natural gas, the Mackenzie Delta Producers Group, which consists of some of the heavy hitters within the oil and gas industry, said last Thursday that it has awarded the conceptual and preliminary engineering contract for the Mackenzie Gas Project to COLTKBR, a long-term joint venture of Colt Engineering Corp. and Kellogg Brown & Root, a subsidiary of Halliburton. The move brings the project a step closer to fruition and a step ahead of the competition in Alaska.