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Oil States International adds Texas Medical Center CFO to board

Oil States International adds Texas Medical Center CFO to board
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5-23 National business briefs

W&T Offshore announces enhancement to capital structure
HOUSTON â W&T Offshore Inc. announced that it has enhanced its capital structure by entering into a transaction with its wholly-owned special purpose vehicles and Munich Re Reserve Risk Financing Inc.
The company transferred 100% of its Mobile Bay Area producing assets and related gas treatment facilities to the SPVs in return for the net cash proceeds from a $215 million first-lien non-recourse term loan to the SPVs provided by MRRF. Through its 100% ownership in the SPVs, W&T retains the upside value in the Mobile Bay Assets.
A portion of the proceeds to the company from the transaction were used to repay the $48 million outstanding balance on its reserve-based lending facility and to enter into commodity hedging contracts related to the anticipated future production of the Mobile Bay Assets. ....

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Oil States Adds Denise Castillo-Rhodes to its Board

Oil States Adds Denise Castillo-Rhodes to its Board
Oil States International, Inc.
Houston, Texas, UNITED STATES
HOUSTON, May 18, 2021 (GLOBE NEWSWIRE) Oil States International, Inc. (NYSE:OIS) announced today that its Board of Directors elected Denise Castillo-Rhodes as a member of its Board of Directors. Ms. Castillo-Rhodes has been appointed as a Class II Director with an initial term expiring in May 2024 and will serve on the Company’s Audit Committee.
“On behalf of our Board of Directors, I’m very pleased to welcome Denise to Oil States. Denise brings extensive accounting, financial and executive leadership experience and skills to our Board and Audit Committee, which will provide us with meaningful benefits as we navigate the changing energy landscape and focus on our long-term growth and success, said Cindy B. Taylor, Oil States President and Chief Executive Officer. ....

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