Restructurings
Restructurings , Earnings , Exploration & Production , Drilling
Offshore Driller Noble Corp. to Emerge from Chapter 11 Bankruptcy
Noble Holding Corp. revealed on Nov. 23 that the United States Bankruptcy Court for the Southern District of Texas has issued an order approving the company’s Joint Plan of Reorganization.
Restructurings , Shale Plays , Gathering & Processing , Pipelines
Williams Restructures Midstream Contracts with Bankrupt Chesapeake
Pipeline operator Williams Companies Inc. said on Nov. 23 it will take ownership of some of Chesapeake Energy Corp’s assets in exchange for accepting lower gas gathering fees from the bankrupt shale producer.
Restructurings , Drilling
Seadrill Sees Depressed Drilling Rig Demand until Late 2021
Offshore oil drilling contractor Seadrill expects the market for its rigs to remain depressed until late 2021, the Oslo-listed firm said on Nov. 20 as it continued talks with creditors over a debt restructuring.
Restructurings , Transactions , Midstream
Natural Gas Producer Gulfport Energy Files for Bankruptcy
Natural gas explorer and producer Gulfport Energy Corp filed for Chapter 11 bankruptcy on Nov. 13, becoming the latest company in the U.S. energy sector to succumb to weak crude prices as the COVID-19 pandemic crimps fuel demand.
Restructurings , Public Capital , Shale Plays , Acquisitions & Divestitures , Mergers
D-J Basin Producers Bonanza Creek, HighPoint to Merge in $376 Million Deal
The combination of Bonanza Creek Energy and HighPoint Resources is expected to create a leading unconventional oil producer in the Denver-Julesburg Basin with roughly 206,000 net acres in rural Weld County, Colo.
Restructurings , Technology
FTS International Reports Successful Confirmation of Plan of Reorganization
FTS International Inc. revealed that the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division has confirmed its prepackaged plan of reorganization, the company said on Nov. 5.
Restructurings , Pipelines
NGL Provides Update Relating to Grand Mesa Pipeline in D-J Basin
Company responds to customer’s rejection of TSAs in bankruptcy court.
Restructurings , People , Acquisitions & Divestitures
E&P Plus November 2020: On the Move
Check out the latest new hires, appointments and promotions as well as new company office and facility openings.
Restructurings , Public Capital , Technology , Acquisitions & Divestitures
Calfrac Shareholders Approve Recapitalization Plan, Reject Wilks Brothers Bid
The debt-ridden oilfield services company, which rejected a hostile bid from Wilks Brothers last month, said most holders of its senior unsecured notes voted in favor of Calfrac's new plan.
Restructurings , Shale Plays
Chaparral Energy Emerges from Bankruptcy as Private Operator
Chaparral Energy is now “better positioned to compete and will look to capitalize on future opportunities with an improved financial and cost structure,” says Chuck Duginski, CEO of the Oklahoma shale driller.