Restructurings , Public Capital , Shale Plays

US Shale Industry Braces for Wave of Bankruptcies

Seventeen oil and gas producers in the U.S. have filed for Chapter 11 so far this year but many more are close.

May 26, 2020

Restructurings , Public Capital , Private Equity , Investment , Shale Plays

Capital Alternatives: Upstream Financing Reconsidered

Even to just survive, E&Ps increasingly must look beyond traditional sources of capital to fund their operations. Here are some other financial structures on the rise.

May 18, 2020

Restructurings , Private Equity , Shale Plays

Blackstone Group’s Eagle Ford Shale Venture Files for Bankruptcy

The bankruptcy filing by Blackstone Group's Gavilan Resources comes amid an "increasingly unworkable relationship" with Sanchez Energy, its partner in the Eagle Ford Shale.

May 18, 2020

Restructurings , Public Capital

California Resources Reportedly Seeking Up to $600 Million Bankruptcy Loan

California's biggest oil producer has been seeking a bankruptcy loan of $500 million to $600 million, though the talks are still fluid and the amount could change, the report said.

May 14, 2020

Restructurings , Public Capital

Oklahoma Oil Producer Chaparral Energy Raises Going Concern Doubts

Reuters reported in March Oklahoma oil and gas producer Chaparral Energy was working with debt restructuring advisers as it looks to shore up its cash position.

May 12, 2020

Restructurings , Public Capital , Shale Plays

Shale Pioneer Chesapeake Energy Considers Bankruptcy Filing

The announcement follows last month's statement by Chesapeake Energy that it was in talks to line up bankruptcy financing and was in talks for a loan to run its operations through the court proceedings.

May 11, 2020

Restructurings , Public Capital

E&P Capital Market Trends: Dwindling Debt Options

Debt markets are bifurcated, with questions arising over E&Ps’ ability to pay upcoming maturities.

May 8, 2020

Restructurings , Unconventional , Shale Plays , Drilling

‘Like Watching a Train Wreck’: The Coronavirus Effect on North Dakota Shale Oil Patch

“If this is an act of God, maybe I need to find another career because I guess God’s had enough of the oilfield,” said oilfield services worker Nils MacArthur.

May 4, 2020

Restructurings , Shale Plays , Drilling , Pressure Pumping , Seismic , Trends , Mergers

What the Oil Price Plunge Means for Oilfield Services M&A

Offshore drillers and North American shale producers most challenged in terms of debt, says analyst.

May 1, 2020

Restructurings , Digital Oilfield

Worley Cuts 3,000 Jobs Amid COVID-19, Oil Crisis

Energy services provider Worley has reduced its workforce by 3,000 people in response to the current economic circumstances, the company said in a press release on April 28.

April 28, 2020