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.

August 5, 2020

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.

July 31, 2020

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.

July 30, 2020

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.

July 29, 2020

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.

July 29, 2020

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.

July 27, 2020

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.

July 22, 2020

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.

July 21, 2020

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.

July 21, 2020

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.

July 20, 2020