From Reuters
NEW YORK (Reuters) …
Fort Worth-based Basic Energy Services (ticker: BAS) announced this month that the company has successfully completed its prepackaged restructuring. The company will …
Three more companies joined the ranks of those that have filed for Chapter 11 bankruptcy protection since the fall in oil prices. The three companies had combined debt …
Depressed oil prices that are unable to support heavy debt loads have pushed 90 oil and gas companies into …
Bankruptcy has been a word that has made denizens of the oil patch cringe in the last year and half. As oil price has declined, bankruptcies have stacked up. Fortunately for those following oil and gas companies, the ladies and …
Hercules Offshore (ticker: HERO) announced today that it has decided to return to Chapter 11 bankruptcy less than seven months after the company’s initial bankruptcy claim. Hercules plans to dissolve …
Halcon Resources announced on May 18, 2016, the company reached an agreement with shareholders and bondholders to enter into a pre-packaged Chapter 11 filing.
“The restructuring plan, if implemented, will result in the elimination of approximately $1.8 billion of debt …
SandRidge Energy and Breitburn Energy Partners became the latest companies to succumb to the market forces and file for Chapter 11 bankruptcy protection on Monday.
SandRidge reached an agreement with the majority of its lenders and bondholders to …
The total dollar amount of oil and gas bankruptcies grow substantially this week when Linn Energy (Ticker: LINE) announced that it has filed for Chapter 11 on …
Median Debt to EBITDA is 3.6 Times across 77 U.S. E&P Companies: EnerCom Analytics
It happened when ‘lower for longer’ went from being a popular catch phrase to bitter reality. Today, bankruptcy has become an increasingly common word across the …
Swift Energy announced today that the company is emerging from bankruptcy following the completion of its financial restructuring. Under the terms of the company’s plan to reorganize…
On April 15, 2016, Goodrich Petroleum announced the company has filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The RSA and the bankruptcy proceeding will allow for the restructuring of the Company’s balance sheet, which will strengthen …
Poor economics driven by low oil prices is the harsh reality being faced by many operators since the end of 2014, forcing 42 companies to file for bankruptcy in 2015, …
How Much Borrowing Base will be Left after Redeterminations?
Bankruptcy and restructuring have become prevalent words in the oil and gas industry during the present price downturn. With spring borrowing base redeterminations already under way or quickly approaching, speculation is …
The downturn in oil prices took a serious toll on the U.S. E&P market last year, with 42 companies filing for bankruptcy in 2015. Those companies’ total debt amounted to $17.85 billion…
Swift Energy (ticker: SFYWQ) joined the 2015 group of oil and gas producers to file for bankruptcy on Dec. 31, making it the final oil and gas company to do so last year. Swift’s total debt amounted to $1.18 billion, …
Saying that 2015 has been a difficult year for the oil and gas sector would …
