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.
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.
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.
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.
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.
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.
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.
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.
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.
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.