EnerCom Dallas, Mar. 1-2, features 40 leading oil and gas E&Ps, energy technology and commodities experts DENVER, CO--(Marketwired - Feb 24, 2017) - On March 1 at 7:00 a.m. CST the EnerCom Dallas oil and gas investment conference will open its doors, allowing institutional investors an early 2017 opportunity to hear leading independent oil and [...]
Independent energy companies developing oil & gas assets in the U.S., Canada, Latin America and Southeastern Europe will present to institutional investors in Dallas, Mar. 1-2, 2017 DENVER, CO--(Marketwired - Feb 14, 2017) - EnerCom Dallas, EnerCom's Texas-based oil and gas investment conference, will bring together a slate of upstream producers [...]
Warren Resources announced today the satisfaction of all conditions precedent to the effective date of its Chapter 11 plan of reorganization. Accordingly, after approximately four months of court proceedings, Warren has successfully emerged from Chapter 11 bankruptcy protection, with an improved balance sheet and a viable capital structure [...]
Warren Resources continues to engage in discussions with its first lien lender, second lien lender and an ad hoc group of unsecured noteholders, regarding a restructuring of its debt obligations, which may occur as an out-of-court restructuring or pursuant to a bankruptcy court proceeding. In either event, Warren has focused such discussions on its [...]
Warren Resources today reported its 4th quarter and full year 2015 financial and operating results. Lower commodity prices in 2015 versus 2014 were the primary driver for all results recorded in 2015. The average sales price for oil in 2015 was $41.14 per barrel versus $86.02 per barrel in 2014, a 52% reduction. The average sales price for gas in [...]
DENVER, March 10, 2016 (GLOBE NEWSWIRE) -- Nasdaq Listing Warren Resources Inc. (Nasdaq:WRES) (“Warren”) today announced that on March 7, 2016, it received a decision letter from the Nasdaq Hearings Panel (the “Panel”) indicating that Warren’s common stock is permitted to continue to trade on the Nasdaq Global Market [...]
DENVER, Feb. 09, 2016 (GLOBE NEWSWIRE) -- Warren Resources Inc. (Nasdaq:WRES) (“Warren”) today announced year-end 2015 total net estimated proved reserves as appearing in its reserve report prepared by Netherland Sewell and Associates (“NSAI”). Warren also announced its full year 2016 forecast and the initiation of efforts [...]
DENVER, Feb. 01, 2016 (GLOBE NEWSWIRE) -- Warren Resources Inc. (“Warren”) (NASDAQ:WRES) today announced that it has elected not to make the approximately $7.5 million semi-annual interest payment due February 1, 2016 on its outstanding $167.3 million aggregate principal amount of 9.00% Senior Notes due 2022 (the “Notes&rdquo [...]
DENVER, Dec. 14, 2015 (GLOBE NEWSWIRE) -- Warren Resources, Inc. (“Warren” or the “Company”) (NASDAQ:WRES) today announced an update on corporate restructuring initiatives following the recent appointments of James A. Watt as President and Chief Executive Officer and Frank T. Smith, Jr. as Senior Vice President and Chief [...]
Warren Resources today announced that President and Chief Executive Officer James A. Watt was appointed a director effective November 23, 2015. Mr. Watt will fill one of the current vacancies on the Board of Directors and will stand for re-election at the 2016 annual meeting of stockholders. In addition, Frank T. Smith, Jr. has been appointed [...]
DENVER, Nov. 16, 2015 (GLOBE NEWSWIRE) -- Warren Resources Inc. (“Warren” or the “Company”) (NASDAQ:WRES) today announced that, effective immediately, the Board of Directors has appointed James A. Watt as President and Chief Executive Officer of the Company. The Company expects that Mr. Watt will be named to the Board of [...]
Strong gas production of 7.3 billion cubic feet (Bcf) hits upper end of guidance Consistent oil production of 243 thousand barrels (MBbls) at midpoint of guidance 24% reduction in per unit lease operating expenses (“LOEs”), from $1.80 per million cubic feet equivalent (Mcfe) in the fourth quarter of 2014 to $1.38 per Mcfe in the third [...]
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