US Coalbed

US Coalbed Exclusives

Marcellus, A&D, Niobrara, deals, Washakie Basin, Warren Resources,  Escalera Resources,  M&A, liquidity, divestiture

The deal allows the company to secure $17 million more in liquidity and pay off $25 million in debt through the sale of noncore oil and gas assets and midstream. 

Since the release of the new mandates, several oil and gas industry organizations have voiced their opposition saying they are duplicative and “a step in the wrong direction.”

Power-sector demand for natural gas is expected to grow by almost 9% in 2012 to a record 22.7 billion cubic feet per day.