$RDC (Rowan Companies plc)

$RDC {{ '2016-05-24T11:24:42+0000' | timeago}} • Announcement

$RDC announced an agreement with its customer, Freeport-McMoRan Oil & Gas LLC (FMOG), and FMOG's parent company, Freeport-McMoRan, in connection with a drilling contract for the drillship Rowan Relentless, which was scheduled to terminate in June 2017.

$TDW {{ '2017-07-13T20:55:51+0000' | timeago}} • Announcement

$TDW said the United States Bankruptcy Court for the District of Delaware has confirmed its ‘second amended joint pre-packaged Chapter-11 plan of reorganization.’ The company expects the court to issue a written confirmation order on the matter within a few days.

$HLX {{ '2017-06-30T20:27:26+0000' | timeago}} • Announcement

$HLX entered into an amended credit agreement with a syndicated bank lending group for $250MM, consisting of a $150MM revolving credit facility and a $100MM term loan. The proceeds from the term loan as well as cash on hand were used to repay the approx. $180MM outstanding term loan prior to its amendment and restatement.

$CHK {{ '2017-06-20T12:10:44+0000' | timeago}} • Announcement

$CHK announced the expiration and final results of its offers to buy for cash up to $750MM of the outstanding notes. As on June 19, $CHK received valid tenders totaling about $1.9Bil aggregate principal amount of the notes.

$WPX {{ '2017-06-13T11:36:35+0000' | timeago}} • Announcement

$WPX signed a JV deal with Howard Energy Partners to jointly develop oil gathering and natural gas processing infrastructure in the Stateline area of the Permian’s Delaware Basin. The joint venture will support WPX’s drilling operations in the Stateline area, representing 50,000 net acres.

$TDW {{ '2017-06-13T10:59:22+0000' | timeago}} • Announcement

$TDW reported a wider net loss in 4Q17, hurt by asset impairment charges. Net loss widened to $94.86MM or $2.01 per share from $81.79MM or $1.74 per share in 4Q16. Revenues dropped 12.7% to $160.75MM. Tidewater said it is awaiting the court’s approval to implement its pre-packaged restructuring plan, under a bankruptcy petition.

$HLX {{ '2017-06-06T13:50:51+0000' | timeago}} • Announcement

$HLX said Erik Staffeldt, who has served as its VP, Finance and Accounting since July of 2015, has been promoted to the position of SVP and CFO. Tony Tripodo, who has served as $HLX's EVP and CFO since June of 2008, will be transitioning to the position of EVP and Senior Advisor.

$TTI {{ '2017-06-02T12:08:10+0000' | timeago}} • Announcement

$TTI announced that Joseph Elkhoury, its SVP and COO, has resigned for personal reasons effective June 1, 2017. $TTI's President and CEO, Stuart Brightman has assumed Elkhoury's responsibilities. Elkhoury will continue in a transitional role for a period of time.

$OII {{ '2017-05-25T14:04:58+0000' | timeago}} • Announcement

$OII said one of its subsidiaries, Oceaneering Canada Ltd., agreed, expected to extend into 2026, with a major international oil and gas company to provide remotely operated vehicle services and equipment for projects located offshore of Newfoundland and Labrador, Canada.

$MCF {{ '2017-05-24T19:54:03+0000' | timeago}} • Webcast

$MCF announced results on its second and third wells drilled on its Southern Delaware Basin acreage in Pecos County, Texas. Both wells targeted different landing zones within the Wolfcamp A and were completed in late April with initial flowback commencing shortly thereafter.

$CHK {{ '2017-05-22T12:41:23+0000' | timeago}} • Announcement

$CHK commenced a cash tender offers to  buy up to $750MM aggregate purchase price, exclusive of accrued interest, of the outstanding notes. The tender offers is scheduled to expire on June 19, 2017, unless extended or earlier terminated.

$TDW {{ '2017-05-19T21:04:13+0000' | timeago}} • Announcement

$TDW said the approved motions authorize the Company to pay prepetition employee wages and benefits without interruption, maintain its insurance programs, utilize its current cash management system, and pay undisputed prepetition obligations owed to its vendors and trade creditors in the ordinary course of business.

$TDW {{ '2017-05-19T21:03:43+0000' | timeago}} • Announcement

$TDW said the United States Bankruptcy Court for the District of Delaware has granted the relief requested by the company in certain first day motions related to ordinary course business activities. The approved motions authorize the company to pay prepetition employee wages and benefits without interruption.

$OII {{ '2017-05-18T13:36:28+0000' | timeago}} • Announcement

$OII said one of its oilfield business segments, Asset Integrity, has received a 3-year operational inspection Frame Agreement extension with Statoil Petroleum. The Frame Agreement provides for $OII to develop and implement inspection and maintenance programs related to 14 specified Norwegian onshore and offshore facilities.

$WPX {{ '2017-05-18T13:19:26+0000' | timeago}} • Announcement

$WPX has approved a quarterly dividend of $0.78 per share to holders of its 6.25% Series A Mandatory Convertible Preferred Stock. The dividend is payable as of July 31, 2017, to holders as on July 14, 2017.

$TDW {{ '2017-05-18T13:15:02+0000' | timeago}} • Announcement

$TDW and certain of its subsidiaries have filed voluntary petitions under chapter 11 in the U.S. Bankruptcy Court for the District of Delaware to pursue a prepackaged plan of reorganization. This is in accordance with its previous restructuring support agreement with certain creditors to effectuate a comprehensive balance sheet restructuring.

$CHK {{ '2017-05-15T11:36:49+0000' | timeago}} • Announcement

$CHK announced the expiration and final results of its offer to purchase its 2.5% Contingent Convertible Senior Notes due 2037 at the option of the holders of the Notes. The offer to purchase expired on May 10, 2017 and withdrawal rights with respect to tendered Notes expired on May 12, 2017.

$TTI {{ '2017-05-10T18:22:28+0000' | timeago}} • Webcast

$TTI said that it will begin the Neptune project at the back end of 2Q17. The company also expects start an incremental project in the Gulf in 2H17, which it expects to monetize in 2H17. $TTI estimates its customer base to be active for the majority of 2017.

$MCF {{ '2017-05-10T13:36:46+0000' | timeago}} • Announcement

For 2Q17, $MCF expects production in the range of 54,000-59,000 Mcfe per day. Meanwhile, LOE is expected to be between $6.2MM and $6.8MM during the quarter.

$MCF {{ '2017-05-10T13:33:46+0000' | timeago}} • Announcement

$MCF's production for 1Q17 was approx 5.2 Bcfe, or 57.6 Mmcfe per day, compared to 79.4 Mmcfe per day for 1Q16.  This decline in production was due to minimal new production added during 2016 and 2017 because of reduced 2016 drilling program in response to the low and uncertain commodity price environment.

$MCF {{ '2017-05-10T13:30:14+0000' | timeago}} • Announcement

Following consecutive quarters of losses, $MCF finally made some profit in 1Q17. The oil and gas company reported net income of $0.9MM, or $0.04 per share, compared to a net loss of $11.4MM, or $0.60 per share a year ago. The increase was primarily due to a 10% growth in revenue to $19.4MM, as well as lower depreciation.

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