Restructurings

Restructurings , People , Shale Plays

Boutique Adviser PJ Solomon Expands into Energy Restructuring

PJ Solomon has hired Tero Jänne to expand its restructuring capabilities into the energy sector at a time of significant dislocation in the oil and gas industry.

 
March 30, 2020

Restructurings , Public Capital , Unconventional , Shale Plays

Chaparral Energy Reportedly Working with Debt Restructuring Advisers

Chaparral Energy has hired financial advisers for advice on how to improve its balance sheet, sources said, adding that no debt restructuring move is imminent.

March 30, 2020

Restructurings , Investment , Unconventional , Shale Plays

Oil Crash Poses Extinction Risk for Some Shale Producers

A large part of the oil and gas industry will go into a “financial intensive care unit” over the next few months as shale producers enter survival mode, an expert says.

March 24, 2020

Restructurings , Public Capital , Exploration & Production , Shale Plays

Shale Producer Gulfport Energy Reportedly Hires Restructuring Adviser

Gulfport Energy has lost four-fifths of its market value since the start of the year, and now has a market cap of $90 million.

March 18, 2020

Restructurings , Public Capital , Exploration & Production , Shale Plays

Chesapeake Energy Hires Restructuring Advisers To Help With $9 Billion Debt

The collapse in oil and weak gas prices has further crippled Chesapeake Energy, the shale energy pioneer already facing a $9 billion debt pile.

March 17, 2020

Restructurings , Investment , Crude Oil , Acquisitions & Divestitures , Mergers

Post-Meltdown: Expect Surge Of Shale Bankruptcies, Experts Say

A wounded oil and gas industry enjoys better numbers the day after prices plummeted, but steep debt will likely bring about a wave of M&A, bankruptcies and litigation.

March 10, 2020

Restructurings , Technology , Acquisitions & Divestitures

McDermott Moves Forward With $2.7 Billion Sale Of Lummus Technology

Proceeds from the sale of Lummus Technology are expected to repay McDermott’s DIP financing in full, as well as fund emergence costs and provide cash to the balance sheet for long-term liquidity.

March 4, 2020

Restructurings , Public Capital , Private Equity , Trends

Surviving Beyond 2020: Capital Strategies For E&Ps

In a time of economic uncertainty and significant disruption, oil and gas producers need to take steps today in order to capture value now and in years to come.

March 3, 2020

Restructurings , Public Capital , Private Equity

From OGI Editor-In-Chief: Break It Down, Build It Back Right

After essentially five years of an ongoing downturn, the oil and gas industry is desperately seeking solace.

March 2, 2020

Restructurings , Public Capital , Shale Plays

Bankruptcy Risks Rise For US Shale

Credit crunch looms for U.S. shale producers as ‘staggering’ amount of debt nears maturity.

February 26, 2020