PostRock Energy aims to continue rebirth with oil focus
PostRock Energy Corp. has cleaned up its balance sheet, so now the company is turning its attention to producing more oil.
PostRock Energy Corp. has changed more than just its name since a “debacle” that landed two of its former executives in federal prison.
The Oklahoma City-based energy company has used more than $90 million worth of investments from private equity firm White Deer Energy LP to slash its debt by more than 40 percent, while transforming itself into a pure exploration and production play.
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“It’s a significantly different company than it was at that time,” CEO Terry W. Carter said.
PostRock was born in 2010 from the ashes of Quest Resources Corp. and its subsidiaries,...
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