Calfrac Obtains Final Order Approving the Amended Recapitalization Transaction
November 2, 2020
Calfrac Obtains Final Order Approving the Amended Recapitalization Transaction …
Calfrac Obtains Final Order Approving the Amended Recapitalization Transaction
November 2, 2020
Calfrac Obtains Final Order Approving the Amended Recapitalization Transaction …
Yuma Energy Chapter 11 Bankruptcy Proceedings Converted to Chapter 7 Liquidation
October 20, 2020
Chapter 11 Bankruptcy Proceedings Converted to Chapter 7 Liquidation PR Newswir…
Yuma Energy, Inc. Chapter 11 Bankruptcy Proceedings Converted to Chapter 7 Liquidation
October 20, 2020
Chapter 11 Bankruptcy Proceedings Converted to Chapter 7 Liquidation PR Newswir…
Gulport Energy misses interest payment, enters 30 day grace period
October 16, 2020
OAG360 Publishers Notes: Gulfport skips 17.39 MM bond payment, entering a 30-day grace period…OAG360 analysts expect an announce shortly Chp.11 restructuring. Bloomberg ___ Gulfport Energy didn’t make a payment due Oct. 15 on some of its debt while it continues to negotiate with lenders over a possible restructuring, the company said in a filing Friday. More details: The oil and gas producer skipped
As oil bankruptcies surge, vulture investors start their long feast
October 15, 2020
Forbes Bankruptcies abound in America’s oilpatch. So far this year 40 oil exploration and production companies have gone under, according to analysis from lawfirm Haynes & Boone, involving $54 billion in debt. The biggest failure so far, with $11.8 billion in debt remains Chesapeake Energy CHK +1.6%. More Chapter 11s are coming, says corporate restructuring attorney Ken Coleman at Allen & Overy, and “that’s
Chaparral Energy Successfully Completes Financial Restructuring and Raises $35 Million in New Capital
October 15, 2020
OKLAHOMA CITY, Oct. 14, 2020 (GLOBE NEWSWIRE) — Chaparral Energy, Inc. (the “Compan…
Hi-Crush Inc. Successfully Completes Restructuring, Emerges From Chapter 11 Bankruptcy
October 10, 2020
Hi-Crush Inc. Successfully Completes Restructuring, Emerges From Chapter 11 Bankruptcy …
Calfrac Well Services Ltd. – Open Letter to Stakeholders
October 5, 2020
Calfrac Well Services Ltd. – Open Letter to Stakeholders Canada NewsWire CA…
EP Energy Corporation Successfully Completes Financial Restructuring
October 2, 2020
EP Energy Corporation Successfully Completes Financial Restructuring Reduces Pr…
Shale bankruptcies pile on, Lonestar latest to succumb to weak demand
October 1, 2020
Reuters Lonestar Resources US Inc LONE.O filed for Chapter 11 bankruptcy protection on Thursday, joining a clutch of shale companies that have succumbed to weak crude prices as COVID-19 pandemic crimps fuel demand. Lonestar, which operates in Texas’ Eagle Ford basin and produced roughly 14,000 barrels of oil equivalent per day, had a total debt of $546.3 million as of June 30
Bakken Shale producer Oasis Petroleum files Chapter 11, looks to reduce debt by $1.4 billion
September 30, 2020
OAG360 Publishers Note: Oasis ($OAS) becomes the latest shale producer to file for Chapter 11 protection under the US bankruptcy code. According to SEC files, 100% of RBL lenders and 52% of note holders back this plan. Unsecured note holders get 100% of new equity, $450 mm super DIP with $300 mm rollup of outstanding RBL’s and new money around $150mm
