Operator
Alta Mesa Resources, Inc
33 articles mentioning Alta Mesa Resources, Inc · Page 1 of 2
BCE-Mach's $320MM Deal for Alta Mesa Nixed as Financing Evaporates
Alta Mesa Resources' $320MM sale to BCE-Mach III, the third partnership between Bayou City and Mach Resources LLC, has been nixed in the wake of the decline in oil prices, according to a report by Reuters....
Alta Mesa Subsidiary Kingfisher Midstream Files Chapter 11
Alta Mesa Resources subsidiary Kingfisher Midstream LLC has filed for bankruptcy, according to a recent SEC filing. According to the filing, certain other subsidiaries of Alta Mesa also filed chapter 11, including SRII Opco GP LLC,...
Bankrupt STACK Co. Offered $310MM for Assets in 'Stalking Horse' Bid
Bankrupt Alta Mesa Resources Inc. has scored a $310 million "stalking horse" bid from Mach Resources LLC and PE firm Bayou City Energy Management, according to multiple reports. Mach and Bayou City have an existing JV,...
Alta Mesa Stock Begins Trading on Pink Sheets
Alta Mesa Resources, Inc. announced that, on September 24, 2019, its common stock and warrants will be eligible to trade on the OTC Pink Marketplace under the symbols "AMRQQ" and "AMRWQ", respectively. The company filed for...
Alta Mesa to be Delisted from Nasdaq Exchange
Alta Mesa Resources Inc. reported that its common stock will be delisted from the Nasdaq Exchange. The delisting is connected to the company's recent Chapter 11 filing. The Company does not plan to appeal the Nasdaq...
STACK Operator Files for Bankruptcy After Last-Ditch Drop in Activity
Alta Mesa Resources Inc. and several of its affiliates (including Alta Mesa Holdings LP, Alta Mesa Holdings GP, LLC, OEM GP, LLC, Alta Mesa Finance Services Corp., Alta Mesa Services, LP and Oklahoma Energy Acquisitions, LLC)...
Alta Mesa Out of Nasdaq Compliance Due to Late Quarterly Filing
Alta Mesa Resources, Inc. received notice that it is not in compliance with NASDAQ Listing Rule due to the delay in filing its Quarterly Report on Form 10-Q for the quarter ended June 30, 2019. Previously,...
Alta Mesa Cuts Rig Count Down to Two (-67%) in Q1 as it Turns Focus to DUCs
Alta Mesa Resources, Inc. reported a operational and financial update for Q1 2019. First quarter 2019 production is estimated to be 37,800 BOEPD (48% oil, 71% liquids) - up 58% YOY from 24,000 BOEPD Cuts Rig...
Alta Mesa Edges Closer to Bankruptcy; Makes Further Workforce Cuts
Financially toubled STACK E&P Alta Mesa Resources has further reduced its workforce just a week after tapping into what remained of its credit facility and receiving a delisting notice from the OTC Exchange, according to multiple...
Alta Mesa's Financial Troubles Continue; Taps Remaining Credit Facility
In what would be considered a pre-bankruptcy move, Alta Mesa Resources has tapped into substantially all of the remaining capacity under its senior secured revolving credit facility. The Credit Facility had a borrowing base of $370...
Alta Mesa on Shaky Financial Ground; Borrowing Base Cut, Nasdaq Noncompliance
Alta Mesa Resources, Inc. has reported a cut to its borrowing base as well as received notification that it has fallen out of compliance with the Nasdaq Exchange. Credit Facility Cut by $30MM Alta Mesa had...
Alta Mesa Cuts All Rigs in Q1 2019, Details Capital Plans; Cuts Workforce
Alta Mesa Resources, Inc. has detailed its 2019 capital plan as well as announced a reduction in its workforce as it looks to cut costs. The company did not disclose how many cuts had been made...
Alta Mesa Resources Brings On New CFO
Alta Mesa Resources announced the appointment of John C. Regan as Vice President and Chief Financial Officer effective January 7, 2019. About Regan Mr. Regan is a Certified Public Accountant and has more than 25 years...
STACK E&P CEO Resigns
Alta Mesa Resources announced the resignations of Harlan H. Chappelle, President and Chief Executive Officer, and Michael E. Ellis, Vice President and Chief Operating Officer - Upstream, effective December 26, 2018. Mr. Chappelle and Mr. Ellis...
Kingfisher Midstream Sees +50% Boost to Credit Facility; $300MM
Alta Mesa subsidiary Kingfisher Midstream's credit facility has been expanded to $300 million. This is an increase of +50% from $200 million previously. These funds support the ongoing expansion of Kingfisher's crude gathering and natural gas...
STACK-Focused E&P Adds Eighth Rig; Plans to Drill & Complete 175 Wells in 2018
Alta Mesa reported its Q1 2018 results - the company finalized its transition into a pure-play STACK company in February 2018. The company confirmed its 2018 development plans. Drilling Activity Average Rigs : 8 Well Count...
Alta Mesa Brings On Anadarko Alum as New COO of Midstream
Alta Mesa reported that Craig W. Collins has joined the Company as Vice President and Chief Operating Officer-Midstream. This is related to its previous business combination with Kingfisher Midstream. About Collins: Mr. Collins joins the Company...
Alta Mesa Eyes 70% Production Growth for 2018; Ups Budget +118%
STACK operator Alta Mesa has detailed its 2018 budget and production expectations for its STACK / Kingfisher County / Anadarko Basin properties.
STACK Operator Plans 200 Well Drilling Program for 2018
In a recent presentation, STACK-focused Alta Mesa detailed its plans for 2018 including capital budget, production guidance and drilling program. As you might remember, Alta Mesa was acquired and then taken public using a SPAC. The...
Private E&P STACK/Cana Woodford Operator To IPO
Bayou City Energy-backed Alta Mesa has filed a draft S1 (intent to go public) with the SEC. The company intends to use the funds raised from the offering to repay outstanding debts. The company has not...