Post Tagged with: "Chapter 11 bankruptcy"

Source: Forbes

Shares in Chesapeake Energy set for delisting, as historic bankruptcy is finally official

Forbes


The NYSE this morning suspended trading in shares of freshly bankrupt Chesapeake Energy and commenced delisting proceedings for the stock, which is frozen at $11.85.

The company, in filings yesterday for its Chapter 11 restructuring, in U.S. Bankruptcy Court …

Lilis Energy voluntarily files for Chapter 11 bankruptcy

Lilis Energy voluntarily files for Chapter 11 bankruptcy

Oil & Gas 360


FORT WORTH, Texas, June 29, 2020 (GLOBE NEWSWIRE) — Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today …

Whiting Petroleum Corporation reaches agreement in principle with certain of its noteholders to pursue consensual financial restructuring

Whiting Petroleum Corporation reaches agreement in principle with certain of its noteholders to pursue consensual financial restructuring

Whiting Petroleum


Commences Chapter 11 Reorganizational Process to Right-Size Capital Structure

DENVER–(BUSINESS WIRE)–Apr. 1, 2020– Whiting Petroleum Corporation (NYSE: WLL) and certain subsidiaries (collectively, “Whiting” or the “Company”) today announced that they had commenced voluntary Chapter 11 cases …

Source: Houston Chronicle

Weatherford emerges from bankruptcy with $10 billion of support

Houston Chronicle


Switzerland and Houston-based oilfield service company Weatherford International has emerged from Chapter 11 bankruptcy with roughly $10 billion of financial support.

In a Friday morning statement, Weatherford announced that the company emerged from Chapter 11 with $6.2 billion …