About three years after Texas oil producer Denbury emerged from bankruptcy, four top executives are set to collect the final installment of a $121.5 million post-reorganization pay deal that rivals some of the industry’s most generous compensation packages.
A US oil and gas company has pulled out of a farm-out and exploration deal with another firm, citing the falling price of oil as a factor in the decision.
Texas-based companies Caza Oil and Gas and Clayton Williams Energy Inc (CWEI) have mutually agreed to terminate their deal to develop the latter's 14,738-acres site in Reeves County, Texas.
