Oil Spill And Extension Of Deepwater Drilling Moratorium Prompt Rating Review For GOM Operators Jun 10

  • ID: 1713928
  • June 2010
  • Standard & Poors
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  • Alon USA Energy Inc.
  • CITGO Petroleum Corp.
  • Frontier Oil Corp.
  • Kerr-McGee Credit LLC
  • Penn Virginia Corp.
  • Southwestern Energy Co.
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NEW YORK (Standard & Poor's) June 1, 2010--Standard & Poor's Ratings Services said today it is undertaking a review of all companies with operating exposure to the Gulf of Mexico (GOM) following the U.S. Department of the Interior's extension of the moratorium on drilling permits. The moratorium will affect permits issued for new drilling operations at water depths greater than 500 feet. While current production is not affected, the drilling of new deepwater wells is prohibited and wells that are in the process of being drilled must be abandoned or plugged. Based on our initial evaluation of the companies we rate, we believe we will review approximately 35 or so issuers. "Companies most vulnerable to rating actions stemming from these...

Action: General Comment

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Research type: News
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- Oxy USA Inc.
- Sabine Oil & Gas Corp.
- Global Marine Inc.
- Halliburton Co.
- Occidental Chemical Corp.
- Kerr-McGee Corp.
- Louisiana Land & Exploration Co.
- Newpark Resources Inc.
- Noble Energy Inc.
- Occidental Petroleum Corp.
- Bristow Group Inc.
- PennzEnergy Co.
- Pogo Producing Co.
- Rowan Cos. Inc.
- Smith International Inc.
- Sunoco Inc.
- Tesoro Corp.
- Union Oil Co. of California
- Valero Energy Corp.
- Frontier Oil Corp.
- Kerr-McGee Credit LLC
- Apache Corp.
- Unocal Corp.
- Southwestern Energy Co.
- Union Texas Petroleum Holdings Inc.
- Hunt Oil Co.
- Apache International Finance N.V.
- Ocean Energy Inc.
- Anadarko Petroleum Corp.
- Tosco Corp.
- Mitchell Energy & Development Corp.
- Baker Hughes Inc.
- Diamond Shamrock Inc.
- Burlington Resources Inc.
- The Premcor Refining Group Inc.
- EOG Resources Inc.
- Noble Corp.
- CITGO Petroleum Corp.
- Premcor USA Inc.
- National Oilwell Varco Inc.
- Eni U.S. Inc.
- SEACOR Holdings Inc.
- BJ Services Co.
- Giant Industries Inc.
- XTO Energy Inc.
- Western Atlas Inc.
- Harvest Natural Resources Inc.
- Ferrellgas L.P.
- Chesapeake Energy Corp.
- Vintage Petroleum Inc.
- KCS Energy Inc.
- Pride International Inc.
- Diamond Offshore Drilling Inc.
- Union Pacific Resources Group Inc.
- Ferrellgas Partners L.P.
- Nabors Industries Inc.
- Mariner Energy Inc.
- Veritas DGC Inc.
- Parker Drilling Co.
- Swift Energy Co.
- Transocean Inc.
- Range Resources Corp.
- Ultramar Diamond Shamrock Corp.
- Magnum Hunter Resources Inc.
- United Refining Co.
- Belden & Blake Corp.
- Grey Wolf Inc.
- Trico Marine Services Inc.
- Pioneer Natural Resources Co.
- Ensco International Inc.
- Stone Energy Corp.
- Newfield Exploration Co.
- Denbury Resources Inc.
- Cameron International Corp.
- Grant Geophysical Inc.
- Universal Compression Holdings Inc.
- Houston Exploration Co. (The)
- Brand Services Inc.
- GulfMark Offshore Inc.
- Comstock Resources Inc.
- National Oilwell Inc.
- Continental Resources Inc.
- Motiva Enterprises LLC
- Key Energy Services Inc.
- Eni America Ltd.
- Devon Energy Corp.
- Superior Energy Services Inc.
- Hanover Compressor Co.
- Suburban Propane Partners L.P.
- Grant Prideco Inc.
- FMC Technologies Inc.
- Dresser Inc.
- Pure Resources Inc.
- Tri-Union Development Corp.
- Hornbeck Offshore Services Inc.
- Schlumberger Ltd.
- Schlumberger Technology Corp.
- Total Safety U.S. Inc.
- Westport Resources Corp.
- Alon USA Energy Inc.
- GlobalSantaFe Corp.
- Sunoco Logistics Partners Operations LP
- BP America Production Co.
- PHI Inc.
- NuStar Energy L.P.
- Plains Exploration & Production Co.
- El Paso Exploration & Production Co.
- Williams Production RMT Co.
- Hilcorp Energy I L.P.
- Seabulk International Inc.
- EPL Oil & Gas Inc.
- Western Refining Inc.
- Basic Energy Services Inc.
- EXCO Resources Inc.
- Evergreen Resources Inc.
- Parallel Petroleum Corp.
- Whiting Petroleum Corp.
- Seitel Inc.
- Dresser-Rand Group Inc.
- Inergy L.P.
- Venoco Inc.
- PetroQuest Energy Inc.
- Cimarex Energy Co.
- Clayton Williams Energy Inc.
- Complete Production Services
- Petrohawk Energy Corp.
- Chart Industries Inc.
- Chaparral Energy Inc.
- Calumet Specialty Products Partners L.P.
- Allis-Chalmers Energy Inc.
- Quicksilver Resources Inc.
- W&T Offshore Inc.
- Brigham Exploration Co.
- Williams Partners L.P.
- Stewart & Stevenson LLC
- FR X Ohmstede Acquisitions Co.
- Berry Petroleum Co.
- Hudson Products Holdings Inc.
- Geokinetics Inc.
- Global Geophysical Services Inc.
- Big West Oil LLC
- Stallion Oilfield Services Ltd.
- Brand Energy & Infrastructure Services
- Titan Specialties Ltd.
- SandRidge Energy Inc.
- SM Energy Co.
- Dune Energy Inc.
- Penn Virginia Corp.
- Archrock Inc.
- Hunt Refining Company
- Varel Funding LLC
- McMoRan Exploration Co.
- PDC Energy Inc.
- Gastar Exploration Inc.
- Forbes Energy Services LLC
- Bill Barrett Corp.
- Express Energy Services Operating, LP
- Alon Refining Krotz Springs Inc.
- Linn Energy LLC
- HollyFrontier Corp.
- Gary-Williams Energy Corp.
- Concho Resources Inc.

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