Clayton Williams Energy Gets Speculative Caill Rating Lift
Moody's assigns speculative Caill rating to Clayton Williams Energy Inc for a proposed 300 million senior unsecured note issue. Outlook raised to positive from negative due to higher oil prices and a lower risk development strategy. Notes to fund tender offer and repay borrowings while maintaining B3 corporate rating. Shares drop to 101.66. Legacy Reserves LP reports capital development increase for 2011.
MENTIONED IN THIS ARTICLE
Clayton Williams Moody’s Investors Service
Caail
Clayton Williams Energy Inc
Moody’s
Midland
Claytonwilliams.com
Legacy raises 2011 development capital budget to 52 million
Legacy Capital increases its 2011 development capital plan to 52 million, not counting acquisitions. The higher budget follows a 2010 net income of 10.8 million and a Q4 2010 loss of 18.7 million. Earlier, 2009 saw a net loss of 92.8 million. OM THE WET www.legacylp.com
MENTIONED IN THIS ARTICLE
Legacy
Legacylp.com
Basic Energy Services reports full February rig utilization
Basic Energy Services Inc. posted 100 percent drilling rig utilization for February up from 91 percent in January and 73 percent in February 2011. The Midland firm also cited 59 percent well servicing utilization, down from January and February 2010 figures, and added five trucks to reach a 824-vehicle fleet. CEO Ken Huseman commented on the results.
MENTIONED IN THIS ARTICLE
Basic Energy Services Inc
Midland Company
Basic
Ken Huseman
Peanut farmer meets U S trade chief in policy roundtable
Ted Higginbottom a Gaines County peanut and cotton farmer joins US Trade Representative Ron Kirk and Texas Agriculture Commissioner Todd Staples in a Texas Peanut Producers Board roundtable. They discuss trucking in Mexico and sealing FTAs with Korea and Colombia as part of broader industry issues. Higginbottom credited Kirk with an open door policy aiding producer-government dialogue.
MENTIONED IN THIS ARTICLE
Ted Higginbottom
Gaines County
Ron Kirk
Texas Agriculture
Todd Staples
Mexico
Korea
Colombia
Texas Peanut Producers Board
Higginbottom
Kirk
Texaspeanutboard
Kimberly-Clark CEO pay nears 9 million in 2010
Kimberly-Clark Corp reported Thomas J. Falk earned about 9 million in total compensation for 2010. Salary 1.3 million, a 5 percent rise. performance bonus about 1.4 million, down from 2.8 million. stock and option awards about 6.1 million up 25 percent. other compensation 306,172.
MENTIONED IN THIS ARTICLE
NEW York Kimberly-Clark Corp
Thomas J. Falk
Associated Press
Falk
Kimberly-Clark
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I'Midland
Basicenergyservices
Farmer
Staples
Teason
ORMC
Qdegsa Regional Medical Center
Savingsworth
LenNox
Dave Lennox
WwiVw
Dosworthco.com
MalehWmma Celele
Kathy
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