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Wednesday, July 8, 2026

Bankruptcy

Vanguard Emerges from Chapter 11 as Grizzly Energy - Oil & Gas 360

Vanguard Emerges from Chapter 11 as Grizzly Energy

July 17, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Vanguard Natural Resources completes financial restructuring, emerges as Grizzly Energy Vanguard Natural Resources, a Houston-based onshore energy company, has successfully completed its Chapter 11 financial restructuring process, emerging as a new limited liability company under the name Grizzly Energy. According to the Houston Chronicle, this is the second time in two

Who Will Bid for Cloud Peak Energy’s Coal Mines in the Powder River Basin? Oil & Gas 360

Who Will Bid for Cloud Peak Energy’s Coal Mines in the Powder River Basin?

July 8, 2019

Wyoming’s big coal mines continue to run while company is in bankruptcy From the Casper Star-Tribune The final day to submit bids for assets of Wyoming’s third-largest coal producer is July 8. Cloud Peak Energy, which owns Antelope and Cordero Rojo mines in the Powder River Basin, declared bankruptcy in May. A hearing to approve any sales will take place

Weatherford Files for Bankruptcy Protection

July 1, 2019

From The Houston Chronicle Weatherford International filed for Chapter 11 bankruptcy protection Monday The oilfield services company Weatherford International filed for Chapter 11 bankruptcy protection Monday, after struggling to assimilate the companies it bought during a quest for growth, taking on too much debt and fighting to recover from falling oil prices in 2014 that hammered the energy industry. Weatherford,

Another Chapter 11: White Star Petroleum to Explore Strategic Alternatives - Oil & Gas 360

Another Chapter 11: White Star Petroleum to Explore Strategic Alternatives

May 28, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360   White Star receives $28.5 million in committed financing White Star Petroleum, LLC, a privately held independent E&P headquartered in Oklahoma City, is exploring strategic alternatives after commencing voluntary Chapter 11 with the support of its primary secured creditors. The company received $28.5 million in committed “debtor-in possession” (DIP) financing to

Jones Energy Emerges from Bankruptcy with $225 Million Borrowing Base Agreement

May 21, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360   On May 17, Jones Energy, Inc. (stock ticker: JONEQ) emerged from Chapter 11 after satisfying the requirements of the company’s pre-packaged plan. The announcement came 33 days after the company filed for bankruptcy protection, and less than two weeks after the U.S. Bankruptcy Court for the Southern District of Texas

Drilling Company Hilltop Files for Chapter 11 Bankruptcy

May 17, 2019

From The Wall Street Journal Hilltop Energy LLC, a money-losing Texas oil and gas drilling company, filed for bankruptcy Thursday with a “prepackaged” plan that hands ownership to Dallas-based Rivershore Operating LLC and bondholder J.P. Morgan Securities LLC. Hilltop, whose roots go back to failed oil company Cubic Energy Inc., filed for chapter 11 after years of red ink left

Finding Costs Drop to 10-Year Low - Oil & Gas 360

Bankruptcy Looms for Oil and Gas Companies

May 13, 2019

Weatherford plans pre-packaged Chapter 11 By Richard Rostad, analyst, Oil & Gas 360 The Q4 2018 price crash is poised to claim several victims, as Weatherford (ticker: WFT) is filing Chapter 11 and two E&P companies are likely to announce bankruptcy in the coming days. Once valued over $25 billion, Weatherford was hit hard by the 2014 downturn. While many

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