CORRECTION: Mustang cold shut-down

Petroleum News

In the July 19 edition of Petroleum News in the story titled “Mustang sale postponed,” this sentence, “The field was offline for the entire month of December and has remained so, being officially put in warm shut-down mode in May while late payment and financing issues were resolved” should have read, “The field was offline for the entire month of December and has remained so until the process of putting it in cold shut-down commenced in early April.”

In the same story this sentence, “Payment must be made at the time of sale in cash or by cashier’s check” should have read, “Payment must be made at the time of sale in cash or by cashier’s check. Or AIDEA, the original beneficiary, may enter a credit offset bid consisting of sums due it under the deeds of trust and notes.”