Denbury Successfully Completes Financial Restructuring
Emerges from Chapter 11 Well-Positioned for Long-Term Success Moves Forward as Str…
…Bankruptcy
Oasis skips latest interest payment; enters forbearance
OAG360 Publishers Note: Interest payment of 30mm was skipped, and now enters a 30 day forbearance period which ends Oct 15. As of Q2 2020 filings, OAS had around 77 million in cash on hand
Oasis Petroleum …
Lonestar Resources US Inc. Announces Restructuring Support Agreement
Yahoo / Loanstar Resources
Lonestar Resources US Inc. (the “Company” or “Lonestar”) (NASDAQ: LONE) today announced that it and certain of its direct and indirect wholly-owned domestic subsidiaries (collectively with the Company, the “Debtors”) have entered into a Restructuring Support …
Delphi Energy Corp. Announces Court Sanction of Plan of Compromise and Arrangement
CALGARY, Alberta, Sept. 11, 2020 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“ Delphi &…
…
Unit Corporation Successfully Completes Financial Restructuring
Emerges from Chapter 11 and Appoints New Board of Directors Unit Corporation (Company)…
…Denbury Resources Pre-Packaged Plan Confirmed By Court
360 Feed Wire
Expects to Emerge from Chapter 11 in Mid-September with Strengthened Balance Sheet
Operations Continuing in Normal Course
PLANO, Texas, Sept. 03, 2020 (GLOBE NEWSWIRE) — Denbury Resources Inc. (OTC Pink: DNRCQ) (“Denbury” or the “Company”) today announced …
Whiting Petroleum Completes Reorganization
Approximate $3.0 Billion Reduction in Funded Debt; Trading of New Common Stock to Commence …
…
Calfrac Halts Wilks Brothers’ Attempt to Seek Insolvency; Obtains U.S. Recognition for CBCA Recapitalization Transaction Proceeding
Calfrac Halts Wilks Brothers’ Attempt to Seek Insolvency; Obtains U.S. Recognition for CBC…
…
About 150 more North American E&Ps will need Chapter 11 protection by end-2022
So far this year 32 E&Ps have already filed for Chapter 11, recording a cumulative debt of about $40 billion
The Covid-19 pandemic has added severe financial strain on a North American upstream industry that was already reeling under …
Shale driller Chaparral Energy files for bankruptcy due to pandemic woes
Oklahoma shale driller Chaparral Energy Inc filed for Chapter 11 bankruptcy protection on Sunday, the latest U.S. energy sector casualty in recent months as COVID-19 crushes oil demand.
The company’s assets and liabilities were in the range of $500 …
Chaparral Energy Executes Restructuring Support Agreement for Comprehensive Balance Sheet Restructuring, Launches Solicitation for Prepackaged Plan of Reorganization and Voluntarily Files for Chapter 11
OKLAHOMA CITY, Aug. 17, 2020 (GLOBE NEWSWIRE) — Chaparral Energy, Inc. (the “Compan…
…
Fieldwood Energy LLC Commences Voluntary Chapter 11 Process
HOUSTON , Aug. 4, 2020 /PRNewswire/ — Fieldwood Energy LLC and certain affiliates (…
…Longview Power Emerges From Bankruptcy
MAIDSVILLE, W. Va. , Aug. 3, 2020 /PRNewswire/ — Longview Power (the “Company”) emerge…
…
Bankruptcy filings by US energy producers at four-year high
Bankruptcy filings by US oil and gas producers rose to a four-year high in the second quarter of 2020 due to the downturn caused by the coronavirus pandemic, according to Oslo-based Rystad Energy.
“Chapter 11 filings for US E&P …
Noble Corporation plc Announces Comprehensive Financial Restructuring And Deleveraging Transaction
LONDON , July 31, 2020 /PRNewswire/ — Noble Corporation plc (NYSE: NE) (“Noble” or …
…
Chapter 11 Bankruptcy statistics on U.S. shale patch are not the best barometer to gauge industry’s future
The oil and gas industry’s most recent cyclical downturn, triggered by the Covid-19 global pandemic in March, has yet again invited close scrutiny of the U.S. shale industry. At one point, prior to the turn of events, shale was …
Denbury Resources Enters into Restructuring Support Agreement for Pre-packaged Plan to Strengthen Its Balance Sheet and Reduce Debt by $2.1 Billion
Intends to File Voluntary Chapter 11 Petitions to Implement Financial Restructuring …
…
Rosehill Resources Inc. and Rosehill Operating Company, LLC File Voluntary Bankruptcy Petitions
360 Feed Wire
HOUSTON, July 27, 2020 (GLOBE NEWSWIRE) — Rosehill Resources Inc. (NASDAQ:ROSE, ROSEW, ROSEU) (the “Company”) and Rosehill Operating Company, LLC (“Rosehill Operating” and together with the Company, “Rosehill”) announced today that they have commenced voluntary Chapter 11 …
California Resources Corporation Announces Additional Support for Restructuring Plan
Company Files Plan of Reorganization Paying General Unsecured Claims in Full First …
…
Enverus – Andrew Dittmar, Senior M&A Analyst, provides information about the Chevron’s acquisition of Noble Energy $13billion
360 FeedWire
Chevron is acquiring Noble Energy in an all-stock deal for $10.38 per share (total equity value of $5 billion) and a total enterprise value of $13 billion. Below is commentary from Enverus Senior M&A Analyst Andrew Dittmar.
“Noble …
CARBO Ceramics Emerges from Chapter 11 Under New Ownership, Successfully Completes Financial Restructuring
HOUSTON , July 20, 2020 /PRNewswire/ — CARBO Ceramics Inc. (“CARBO” or “the Company”) an…
…
Bruin E&P Partners, LLC Notice of Comprehensive Prepackaged Restructuring Transaction
HOUSTON , July 17, 2020 /PRNewswire/ — Bruin E&P Partners, LLC and its subsidia…
…Bruin E&P Partners, LLC Notice of Comprehensive Prepackaged Restructuring Transaction
HOUSTON , July 17, 2020 /PRNewswire/ — Bruin E&P Partners, LLC and its subsidia…
…California Resources Corporation agrees on comprehensive balance sheet restructuring with key creditors
Transaction to be implemented in pre-arranged Chapter 11 case
Finally resolves leveraged capital structure inherited from 2014 spin-off
- Pre-arranged restructuring will eliminate over $5 billion of debt and mezzanine equity interest and consolidate CRC’s ownership of
Just Energy Announces Management Slate of Directors to be Appointed in Connection with the Recapitalization Transaction, and the Retirement of Rebecca MacDonald
TORONTO, July 16, 2020 (GLOBE NEWSWIRE) — Just Energy Group Inc. (“Just Energy …
…
California Resources Corporation Agrees on Comprehensive Balance Sheet Restructuring with Key Creditors
Transaction to be implemented in pre-arranged Chapter 11 case Finally resolves leve…
…
Hi-Crush Inc. Enters into Restructuring Support Agreement with Unsecured Noteholders
HOUSTON , July 13, 2020 /PRNewswire/ — Hi-Crush Inc. (NYSE: HCR), (“Hi-Crush” or th…
…Delphi Energy Corp. Announces Receipt of Creditors’ Meetings Order
CALGARY, Alberta, July 10, 2020 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“ Delphi …
…Delphi Energy Corp. Announces Proposed Plan of Compromise and Arrangement and $22.9 Million Capital Investment by Kiwetinohk Resources Corp.
Delphi Energy Corp. Announces Proposed Plan of Compromise and Arrangement and $22.9 Millio…
…
Sanchez Energy Successfully Completes Financial Restructuring; Emerges as Mesquite Energy, Inc.
HOUSTON, June 30, 2020 (GLOBE NEWSWIRE) — Sanchez Energy Corporation today announced that it has completed its financial restructuring and emerged from Chapter 11 as a privately held corporation under the name Mesquite Energy, Inc. (“Mesquite Energy” or the “Company”).…
