Restructurings
Restructurings , Public Capital , Shale Plays , Acquisitions & Divestitures
Permian Basin Operator Lilis Energy to Pursue Bankruptcy Sale
Permian pure-play Lilis Energy is pursuing a process to sell substantially all of its assets through the Chapter 11 process, which may be pursuant to section 363 of the bankruptcy code or a Chapter 11 plan.
Restructurings , Public Capital , Shale Plays , Acquisitions & Divestitures
Abraxas Petroleum to Pursue Strategic Alternatives Following Refinancing Transactions
Abraxas Petroleum also entered into an agreement with its lender Angelo Gordon that included the appointment of the firm’s head of energy, Todd Dittmann, as a director of the San Antonio-based oil and gas company.
Restructurings , Public Capital , Shale Plays
Oklahoma Shale Driller Chaparral Energy Files for Bankruptcy
Oklahoma shale driller Chaparral Energy Inc. filed for Chapter 11 bankruptcy protection on Aug. 16, the latest U.S. energy sector casualty in recent months.
Restructurings , Public Capital , People , Shale Plays
Whiting Petroleum CEO Brad Holly to Resign Following Bankruptcy
Industry veteran and former SRC Energy CEO Lynn Peterson is expected to be appointed as Whiting Petroleum’s next CEO, effective as of the completion of the company’s restructuring.
Restructurings , Exploration & Production
Private Oil Producer Remora Petroleum Files for Chapter 11 Bankruptcy
Remora Petroleum, an Austin, Texas-based private E&P company focused on mature, long-lived producing properties, listed approximately $85 million in debt.
Restructurings , Shale Plays
US Energy Bankruptcies Surge Continues on Credit, Oil-price Squeeze
Last month, oil and gas producers California Resources and Denbury Resources both filed for Chapter 11 bankruptcy. Together, those firms combined account for $7.7 billion in debt.
Restructurings
E&P Bankruptcies Bring Renewed Focus on Fresh-start Valuation
Now is the time for oil and gas companies emerging from Chapter 11 bankruptcy to adequately address their associated fresh-start reporting and valuation considerations.
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 , Exploration & Production , Gathering & Processing
E&P Bankruptcies Move in ‘Very Hairy’ Direction
Court rulings over disputes with midstream operators are no longer easy to predict.
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.