Weatherford Plans For ‘Business As Usual’ During Bankruptcy
Oilfield service giant Weatherford International officially entered bankruptcy July 1 with a planned restructuring to clear up more than $5.8 billion of its long-term debt.
July 2, 2019
Restructurings
Permian Basin Operator Legacy Reserves To Enter Chapter 11 Bankruptcy
Despite converting to a C-corp, Legacy Reserves has faced debt hurdles, which led the Midland, Texas-based oil and gas company to explore strategic alternatives.
June 14, 2019
US Shale Producers Could Face Another Bankruptcy Wave
Investor pressure for financial discipline could be leaving some E&P companies with nowhere to go but back into bankruptcy.
June 10, 2019
Weatherford To File For Chapter 11 Bankruptcy
Oilfield services provider Weatherford International Plc, burdened by a heavy debt load and years of losses, said on May 10 it would file for Chapter 11 bankruptcy protection.
May 11, 2019
Southcross Energy Commences Chapter 11 Reorganization
Company has $255 Million in committed financing and expects to continue operations.
April 1, 2019
Vanguard Natural Resources Falls Back Into Bankruptcy
Vanguard Natural Resources filed for Chapter 11 protection on April 1, marking the second time the Houston-based E&P has entered bankruptcy since the 2014 oil crash.
April 1, 2019
PG&E Bankruptcy Threatens Major Battery Storage Project
The bankruptcy poses a threat to California's climate change ambitions by putting in limbo dozens of large solar, wind, and other clean energy projects PG&E has contracted with other companies.
March 25, 2019
Report: E&P CEOs Salaries Rose 5% Last Year
Average total compensation for CEOs and CFOs at E&P companies increased last year vs. 2017 primarily due to the value of long-term incentives.
March 19, 2019
Delek Drilling Considers London IPO For Leviathan Gas Stake
Delek Drilling is considering listing its holdings in the Leviathan natural gas field off Israel's Mediterranean coast on the London Stock Exchange as part of a corporate restructuring.
March 18, 2019
PetroQuest Energy Emerges From Bankruptcy With New Board
PetroQuest Energy completed its Chapter 11 reorganization and emerged from bankruptcy with nearly $300 million of its debt cleared.
February 11, 2019