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On Monday, ProPetro said Redman had resigned and was being changed as CEO by Phillip Gobe, who had served as an government and director at a number of different energy companies, including shale producer Pioneer Natural Resources. Redman still owns Preston Ranch, based on county real property records. A year and a half later, Redman purchased the Whitehead Ranch, after borrowing $24.8 million from West Texas National Financial institution. In the first such deal, with Vista Financial institution in Might 2017, Redman put up 371,200 shares, in accordance with Uniform Commercial Code filings with the Texas Secretary of State. In the meantime the State Department issued an alert warning Americans not to travel abroad below any circumstances and to return residence if they're already exterior the nation, until they plan to remain there. State data and financial institution filings show Redman, starting in mid-2017, put up as many as 601,200 ProPetro shares - price greater than $eight million at the time - as collateral for two separate loans.
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The local tax assessor appraised the property at $10.4 million. However he offered the Whitehead property in January, after promoting it at $30 million. Churches and different religious establishments that have chafed at public health experts´ calls to combat the virus by avoiding gatherings are underneath heightened scrutiny as these experts´ pleas become edicts from authorities officials, together with Trump. NEW YORK (AP) - On the primary Sunday after the coronavirus began upending American life, some religious establishments - including two churches whose pastors are near President Donald Trump - held in-person services amid public well being worries pop over here the pandemic. Cannes Movie Festival postponed because of coronavirus pandemic. Actemra, a drug used now for rheumatoid arthritis and another circumstances, in opposition to the coronavirus. Charlotte Hale, now the interim CEO of Delos, lands in a large commuter drone at Delos sporting a fashionable futuristic carnation-colored suit. Gates remained as Microsoft CEO till 2000 when he was succeeded by Steve Ballmer. That deal was revised to take away the ProPetro shares as collateral two months later, in line with the filings.
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Medical centers across the United States set up drive-via testing websites that drew long strains of motorists waiting for nurses to swab their nostrils. Congress is also working to extend manufacturing of medical supplies and construct non permanent area hospitals under new authorities Trump invoked within the Defense Manufacturing Act. Trump sought to calm the public's fears as the number of confirmed coronavirus cases in the U.S. At a White Home news conference, Trump and Food and Drug Administration Commissioner Dr. Stephen Hahn cited the malaria drug chloroquine, along with remdesivir, an experimental antiviral from Gilead Sciences, and presumably utilizing plasma from survivors of COVID-19, the illness the brand new virus causes. However the head of the Meals and Drug Administration cautioned that the medicine were still being examined for his or her effectiveness and security, a course of that takes months and may or might not yield anything. As the outbreak unfold westward, it contaminated not less than one European head of state: Monaco's 62-12 months-old Prince Albert II, who continued to work from his office. Jeffress, who had known as for "a fearless church," mentioned on Tuesday that Christians ought to take "common-sense approaches" to guard their health. For many who already published their annual reports, when COVID-19 appeared like a distant risk, it wouldn’t shock us if extra risk components begin showing up in current experiences on Kind 8-K. The immediate dangers - lost revenues, employee absenteeism, and so forth. - are simple, however we expect the risk of debt covenant breaches and different contract breaches will more and more be emphasised.
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