Bouchard Transportation Co., Inc. To Restructure Through Chapter 11 Proceeding
September 28, 2020
Bouchard Transportation Co., Inc. To Restructure Through Chapter 11 Proceeding …
Changes to Calfrac Management Transaction Fall Woefully Short of Shareholder Recoveries Under Wilks Premium Offer
September 25, 2020
Changes to Calfrac Management Transaction Fall Woefully Short of Shareholder Recoveries U…
Hi-Crush Inc. Announces Successful Confirmation of Plan of Reorganization
September 24, 2020
Hi-Crush Inc. Announces Successful Confirmation of Plan of Reorganization PR Ne…
Denbury Successfully Completes Financial Restructuring
September 19, 2020
Emerges from Chapter 11 Well-Positioned for Long-Term Success Moves Forward as Str…
Oasis skips latest interest payment; enters forbearance
September 18, 2020
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 Bloomberg Law Oasis Petroleum Inc. skipped payments due Sept. 15 on some of its debt, becoming the latest oil and gas producer to flirt with bankruptcy
Lonestar Resources US Inc. Announces Restructuring Support Agreement
September 15, 2020
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 Agreement (the “Support Agreement”) with its largest stakeholders that will eliminate approximately $390 million in aggregate debt obligations and preferred
Delphi Energy Corp. Announces Court Sanction of Plan of Compromise and Arrangement
September 12, 2020
CALGARY, Alberta, Sept. 11, 2020 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“ Delphi &…
Unit Corporation Successfully Completes Financial Restructuring
September 4, 2020
Emerges from Chapter 11 and Appoints New Board of Directors Unit Corporation (Company)…
Denbury Resources Pre-Packaged Plan Confirmed By Court
September 3, 2020
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 that the United States Bankruptcy Court for the Southern District of Texas (the “Court”) has confirmed its “pre-packaged” plan to
Whiting Petroleum Completes Reorganization
September 1, 2020
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
September 1, 2020
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
August 25, 2020
Oil&Gas 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 billions of dollars of debt. With WTI climbing past $40 a barrel, most exploration and production firms (E&Ps) have been
