Several energy companies based, or with a significant presence, in the Houston area are beginning to assess the impact Hurricane Laura had on their facilities. Houston-based Westlake Chemical Corp. (NYSE: WLK) and master limited partnership Westlake Chemical Partners LP (NYSE: WLKP) announced late Thursday, Aug. 27, that initial assessments indicate their facilities in the Lake […]
With Hurricane Laura looking to make landfall in the early hours of Thursday morning, our prayers are for the safety of you, your loved ones, and our community as a whole. Let us hope she loses strength prior to her arrival. With regard to the immediate necessary steps to keep our industry moving forward, we […]
Arena Energy LP, an offshore oil and gas exploration and production company based in The Woodlands, has filed for bankruptcy with over $1 billion in debt. Arena petitioned the Southern District of Texas Bankruptcy Court — which is based in Houston — for Chapter 11 protections on Aug. 20. It did so with at least […]