Restructurings
Restructurings , Exploration & Production
Fieldwood Energy Files for Bankruptcy for Second Time in Two Years
The Chapter 11 bankruptcy also follows the departure of Fieldwood Energy’s founder, Matt McCarroll, in early July.
Restructurings , Public Capital , Drilling
Offshore Driller Noble Corp. Files for Bankruptcy
Offshore oil and gas driller Noble Corp. Plc said on July 31 it has filed for chapter 11 bankruptcy protection to restructure debt, following a historic fall in energy prices.
Business , Restructurings , Markets , Renewables , Transactions
PATH FORWARD: Grant Thornton’s Bryan Benoit Talks Oil Industry Recovery
After a rough second quarter that included a historic collapse in oil prices, Bryan Benoit, a principal at Grant Thornton Financial Advisors who also leads the firm’s energy advisory practice, says he’s starting to see green shoots ahead for the industry.
Restructurings , Public Capital , Exploration & Production
US Oil Producer Denbury Resources Files for Bankruptcy Protection
Texas-based Denbury Resources joins a growing wave of companies in oil and gas industry to buckle due to low oil prices.
Restructurings , People
BDO USA Adds David Balderach to Business Restructuring Practice in Houston
David Balderach brings deep industry experience to BDO to advise companies, lenders and other investors in the energy secotr on complex restructuring matters, the firm said in a statement.
Restructurings , Public Capital , Exploration & Production , Shale Plays
Rosehill Resources Files for Chapter 11 Bankruptcy
Rosehill Resources Inc. and Rosehill Operating Co. LLC have commenced voluntary Chapter 11 cases on July 27.
Restructurings
Oil Analysts See More Challenges Ahead for Growing Bankruptcies
About $140 billion worth of debt is due to mature between 2020 and 2022 in the U.S. oil and gas market, analyst says.
Restructurings , Shale Plays , Well Stimulation
CARBO Ceramics Emerges from Bankruptcy under New Ownership, CEO
Wilks Brothers, CARBO Ceramics’ pre- and post-bankruptcy lender, agreed to take over the Houston-based frac sand supplier in exchange for its secured debt.
Restructurings , Exploration & Production , Markets , Shale Plays , Acquisitions & Divestitures , Trends
PATH FORWARD: Evercore’s James West on Chevron-Noble Energy Deal, Shale Outlook
“M&A has started to pick up. You saw a deal announced with Chevron buying Noble. We would expect to see more of those,” James West, senior managing director of Evercore ISI, says.
Restructurings , Shale Plays , Technology
BJ Services Files for Bankruptcy with Plans to Sell Assets
Fracking company BJ Services, which filed for Chapter 11 in the bankruptcy court in Southern District of Texas, listed assets and liabilities in the range of $500 million to $1 billion.