The approved plan gives Weatherford access to $600 million in credit and the ability to issue $1.6 billion of notes that will be used to pay down debt. Sergio Chapa of the Houston Chronicle has the story.
Lawyers for Baker Botts in Houston and Austin scored a huge courtroom victory Tuesday for Houston based Kinder Morgan. A state district court judge in Austin tossed out a lawsuit that sought to stop a Kinder Morgan pipeline from being routed through the Texas Hill Country.
A federal judge has frozen the assets of two unknown stock traders amid allegations that they used insider trading to make $2 million from Chevron’s announcement to buy The Woodlands-based oil company Anadarko Petroleum. Sergio Chapa of the Houston Chronicle has the breaking story.