Post Tagged with: "Restructuring"

Photo: Craig Hartley, Bloomberg News

Losses continue to mount for National Oilwell Varco in third quarter

Houston Chronicle


Losses continue to mount for Houston oil field service company National Oilwell Varco, which posted a nearly quarter billion dollar loss during the third quarter.

In a statement released after close of market on Monday, NOV reported a …

October 29, 2019 - 9:05 am Closing Bell Story‎, Earnings, Oilfield Services
Halcón Resources Appoints New CFO as Restructuring Process Continues

Halcón Resources Appoints New CFO as Restructuring Process Continues

By Tyler Losier, Energy Reporter, Oil & Gas 360

Halcón Resources selects Ragan T. Altizer as its new EVP, CFO, treasurer
Halcón Resources Corporation (stock ticker: HKRS), currently undergoing Chapter 11 reorganization proceedings, has appointed Ragan T. Altizer as its

EnLink Midstream Logo (PRNewsFoto/EnLink Midstream)

Former EnLink Midstream CEO Reassumes His Role

By Tyler Losier, Energy Reporter, Oil & Gas 360

Chairman Barry E. Davis will once again serve as the CEO of EnLink Midstream
EnLink Midstream LLC (stock ticker: ENLC) will be reappointing its current executive chairman, Barry E. Davis, as

Source: Bayou City Energy

Vanguard Emerges from Chapter 11 as Grizzly Energy

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

Source: Legacy Reserves

Legacy Reserves Reaches Agreement With Lenders On Terms Of Financial Restructuring

Legacy Reserves Inc. Reaches Agreement With RBL And Second Lien Lenders On Terms Of Financial Restructuring

Bonanza Creek: From IPO to Strategic Alternative Process in 55 Months

Bonanza Creek: From IPO to Strategic Alternative Process in 55 Months

Shares of Bonanza Creek fall 37% on news of hiring a financial advisor

Shares of Bonanza Creek (ticker: BCEI) took a nosedive Wednesday, falling 38%, with investors reacting negatively to an 8-K filing released during trading hours that the company …

Say Goodbye to Hercules Offshore

Say Goodbye to Hercules Offshore

HERO Re-enters Chapter 11 with Plans to Dissolve the Company

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 …

After a Dead Merger with Halliburton, Baker Hughes Implements Change

After a Dead Merger with Halliburton, Baker Hughes Implements Change

Three major organizational changes are coming to Baker Hughes, the company announced on May 25, 2016.  The changes follow the company’s May 2 announcement of its plans to capitalize on its leadership position as a product innovator by simplifying its …

TMS Pioneer Goodrich Petroleum Files Chapter 11 and Announces Plan for Restructuring

TMS Pioneer Goodrich Petroleum Files Chapter 11 and Announces Plan for Restructuring

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 …

Enbridge Announces Plans to Increase Dividends by More than 30%

Enbridge Announces Plans to Increase Dividends by More than 30%

Enbridge Inc. (ticker: ENB), the operator of the world’s longest crude oil transportation system, today announced a 33% increase to its next quarterly common share dividend, as well as a Canadian restructuring plan and corresponding new dividend payout policy range. …

December 4, 2014 - 5:37 pm Canada, Oil and Gas 360 Articles