Transaction to be implemented in pre-arranged Chapter 11 case
Finally resolves leveraged capital structure inherited from 2014 spin-off
After a recovery from the last oil bust, energy bankruptcies are back on the rise in 2019.
The number of oil and gas bankruptcy filings through mid-August has nearly equaled the total tally from 2018, and …
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 …
EXCO Resources, Inc. Successfully Completes Financial Restructuring
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Cambrian Coal Elected to File Voluntary Petitions for Relief Under Chapter 11 on June 16, 2019 and Obtains Financing for Its Restructuring
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Legacy Reserves Inc. Files For Chapter 11 Protection To Facilitate Negotiated Financial Restructuring
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Legacy Reserves Inc. Reaches Agreement With RBL And Second Lien Lenders On Terms Of Financial Restructuring
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From the Casper Star Tribune
Cloud Peak Energy, the coal giant that operates two Wyoming mines, filed for bankruptcy Friday amid mounting debt and declining demand.
The filing follows months of troubling signs for the Powder River Basin operator, which …
Jones Energy, Inc. Announces Court Confirmation of Prepackaged Plan of Reorganization
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Jones Energy, Inc. Files for Chapter 11 Protection
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Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces that, on 15 May 2018, its U.S. operating subsidiary, Nighthawk Production LLC (“Production”), and subsidiary OilQuest LLC (“OilQuest”), have filed voluntary petitions for reorganization under …
Evolution Petroleum Corporation (ticker: EPM) will acquire certain oil and gas assets from an affiliate of Enduro Resource Partners LLC for a purchase price of $27.5 million. Evolution intends to fund the closing of this transaction primarily with cash on …
International corporate law firm Haynes and Boone has been tracking and reporting industry developments in oilfield service restructurings. The firm’s …
International corporate law firm Haynes and Boone has tracked 144 North American oil and gas producers that have filed for bankruptcy since the beginning of 2015.
These …
Fort Worth-based Basic Energy Services (ticker: BAS) announced this month that the company has successfully completed its prepackaged restructuring. The company will …
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 …
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 …
