Harvest Natural Resources Inc. (HNR) has completed the sale of its oil and gas assets in the Uinta Basin of Utah to an affiliate of Newfield Exploration Co. for $215 million in cash, Houston-based HNR said Wednesday. The sale has an effective date of March 1.
Repayment
Articles from Repayment
S&P: Corporate Governance, Accounting Issues a Concern for E&Ps
The exploration and production (E&P) sector is going especially strong now, on high commodity prices and debt repayment, but operational performance, corporate governance and accounting issues remain a concern, underscored by the recent negative reserve revisions at Royal Dutch/Shell Group, El Paso Corp. and Forest Oil Corp., according to a report by Standard & Poor’s Ratings Service.
May 3, 2004
S&P: Corporate Governance, Accounting Issues a Concern for E&Ps
The exploration and production (E&P) sector is going especially strong now, on high commodity prices and debt repayment, but operational performance, corporate governance and accounting issues remain a concern, underscored by the recent negative reserve revisions at Royal Dutch/Shell Group, El Paso Corp. and Forest Oil Corp., according to a report by Standard & Poor’s Ratings Service.
April 29, 2004
S&P Says CMS Showing Signs of Improvement
With “moderate” improvement in its liquidity and a lengthened debt repayment plan, Standard & Poor’s Ratings Services (S&P) on Wednesday assigned a “BB” rating to CMS Energy Corp.’s new $925 million credit facilities.
April 24, 2003
Costilla Granted Another Stay
Costilla Energy Inc. of Midland, TX, got another reprieve on itsdebt repayment when its bank credit facility was amended providingfor an extension of the $10.2 million principal payment until June18. The payment was due yesterday after a previous extension. Theindependent oil and gas company is in the process of divesting itsRocky Mountain oil and gas properties.
June 2, 1999
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