Restructurings

Restructurings , Public Capital , Unconventional , Shale Plays , Transactions

Permian Shale Producer Approach Resources Enters Bankruptcy

After being battered by weak Permian gas prices, Approach Resources filed for Chapter 11 bankruptcy to explore strategic alternatives that include either a restructuring or the sale of its business.

November 19, 2019

Restructurings , Public Capital , Shale Plays , Trends

Investors Starve US Shale Drillers Of Capital

Bankruptcies are mounting across the oil and gas sector, underlining a squeeze on funding for U.S. shale drillers.

October 24, 2019

Restructurings

Halcón Emerges From Chapter 11, Appoints New COO

Halcón Resources Corp. has emerged from bankruptcy under Chapter 11 bankruptcy. By successfully completing its financial restructuring,  Halcón said it eliminated more than $750 million in debt and more than $40 million of annual interest expense, significantly enriching its financial condition

October 9, 2019

Restructurings , Unconventional , Shale Plays

US Shale Player EP Energy Files For Bankruptcy

The company has reached an ‘agreement in principle on a comprehensive restructuring with a number of its key creditors,’ CEO says.

October 4, 2019

Restructurings

Analyst: Bankruptcies Are Not ‘Epidemic’

The U.S. shale industry has undergone a tortuous time of restructuring since the commodity price downturn that began in late 2014. A number of players have gone under, while the sector as a whole has had to severely alter the financial strategies that have long characterized the business, particularly the tendency to outspend cash flow.

September 27, 2019

Restructurings , Public Capital , Exploration & Production , Shale Plays , Trends

Alta Mesa Succumbs To Bankruptcy; Names Mark Castiglione CEO

Alta Mesa Resources, a Houston-based independent which bet big on Oklahoma’s Stack, joins a growing number of U.S. shale producers that have filed for bankruptcy so far this year.

September 12, 2019

Restructurings , Trends

Analysis: Bankruptcy Filings By US Energy Producers Pick Up Speed

Bankruptcy filings by U.S. energy producers so far this year have already nearly matched the total for the whole of 2018, law firm Haynes & Boone reported on Aug. 14.

August 14, 2019

Restructurings , Public Capital , Unconventional , Shale Plays

Sanchez Energy Files For Chapter 11 Bankruptcy Protection

The independent E&P focused on the Eagle Ford joins a growing list of companies filing bankruptcy.

August 12, 2019

Restructurings , Exploration & Production , Shale Plays

Vanguard Emerges From Bankruptcy As Grizzly Energy

Now named Grizzly Energy, the company emerges from bankruptcy with a narrowed focus on the Rockies, Permian and Midcontinent regions plus the elimination of more than $500 million debt.

July 18, 2019

Restructurings , Public Capital , Technology

Weatherford Plans For ‘Business As Usual’ During Bankruptcy

Oilfield service giant Weatherford International officially entered bankruptcy July 1 with a planned restructuring to clear up more than $5.8 billion of its long-term debt.

July 2, 2019