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Tag Archives: american eagle energy

More companies operating in Bakken oil patch file bankruptcy

BISMARCK, N.D. — Two more energy companies operating in North Dakota’s Bakken oil patch have filed for Chapter 11 bankruptcy in the midst of slumping crude prices. The Bismarck Tribune reports Tulsa, Oklahoma-based Samson Resources and Denver-based American Eagle Energy plan to sell off Bakken assets to pay debts. Between June and late September, 10 oil and gas companies filed ...

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Bankruptcy a possibility for Samson Resources

Debt amounting to $4.2 billion may prompt one of Wyoming’s largest oil and gas producers to file for bankruptcy, the Casper Start Tribune reports. Tulsa-based Samson Resources Co. announced in March that it planned to cut 196 Wyoming employees from its 1000-person workforce and 270 company-wide. Despite the company’s efforts to offset the debt, including the sale of oilfields in ...

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Company files for bankruptcy as production slows

Colorado’s oil and gas glut might soon taper off, The Denver Business Journal reports. For last few years, the state’s energy boom triggered a steep hike in oil and gas production, but cheap oil and waves of budget and workforce cuts may finally slow production. The U.S. Energy Information Administration expects Niobrara’s oil production to sustain a 16,000-barrel-per-day drop in ...

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Top 5 stories of the week

Here are the top five stories from Bakken.com for the week of December 29, 2014, through January 2, 2015. Enjoy! 1. The end of North Dakota’s oil boom is here The Williston Herald is reporting that the Bakken Club, a business which made national headlines by operating as an exclusive, members only club in a tiny western North Dakota town, has ...

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American Eagle Energy suspends drilling operations amidst falling oil prices

The recent fall in oil prices has claimed yet another victim, for now. American Eagle Energy, based out of Littleton, Colorado, has announced that the company is suspending its drilling operations and likely won’t resume until oil prices improve, according to the Wall Street Journal. American Eagle Energy provides exploration and productive long-term reserves from some of North America’s most ...

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American Eagle Energy closes acquisition in Williston Basin

American Eagle Energy

DENVER, CO–(Marketwired – October 07, 2013) –  American Eagle Energy Corporation (AMZG) (the “Company” or “American Eagle”) announced today that it has closed on the first part of the previously announced acquisition in its Spyglass Project area in the Williston Basin in northwestern Divide County, North Dakota. For a gross purchase price of $47 million, or $45 million in cash ...

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