March 5, 2017 archive

Samson Resources Emerges From Bankruptcy, Appoints New Board

Tulsa-based Samson Resources Corporation announced on Wednesday that it has emerged from bankruptcy and discharged $4 billion in debt and $300 million of annual interest expense. The company has transferred nearly all of its remaining assets and subsidiaries to a new company, Samson Resources II, LLC. Samson Resources filed for Chapter 11 bankruptcy reorganization in …

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WTI, Brent Settle Higher on Friday, Lower for the Week

Oil futures settled higher on Friday despite registering losses for the week, as traders expressed concern about OPEC’s compliance with the production cut, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, April West Texas Intermediate crude rose 72 cents, or 1.4%, to settle at $53.33 a barrel. For the week, WTI suffered a …

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