Restructurings , Public Capital , Shale Plays

Opinion: Governance in Oil and Gas Allows Huge Rewards for Failure

Top executives at U.S. oil and gas producers are taking big bonuses even as companies stagger into bankruptcy.

June 26, 2020

Restructurings , Investment

E&P Restructurings Signal Paradigm Shift

The current environment will drive a number of near-term changes for the oil and gas industry as E&P companies scramble for cash and face bankruptcies, Opportune’s David Baggett says.

June 25, 2020

Restructurings , Technology , Midstream

KBR to Focus on Government Contracts, Quit Natural Gas, Energy Business

Engineering and construction firm KBR Inc. will exit most of its LNG construction and other energy projects, it told investors and employees, as customers pull back on energy investments.

June 23, 2020

Restructurings , Public Capital , Shale Plays , Trends

US Shale Industry Faces $300 Billion in Write-downs

Impairments expected to be made by U.S. shale companies in the second quarter could trigger insolvencies as the sector accounts for oil price fall, Deloitte says in a new study.

June 22, 2020

Restructurings , Seismic

Polarcus Cuts Jobs and Executive Salaries

Polarcus Ltd. has revealed on June 22 it will cut its workforce by 20% and senior-level salaries by 10% to help navigate the market uncertainty caused by the combined impact of the COVID-19 pandemic and oil price volatility.

June 22, 2020

Restructurings , Trends

E&P Restructurings: On the Brink

As oil and gas companies face a hard-scrabble commodity price environment, E&Ps and participants in other industry sectors are already rushing to restructuring advisers in hopes of staving off cash flow calamities, unpaid debts and bankruptcies.

June 17, 2020

Restructurings , Public Capital , Shale Plays

Colorado Shale Producer Extraction Oil & Gas Enters Bankruptcy

Extraction Oil & Gas is the second largest U.S. shale producer to file for bankruptcy since the oil market collapse driven by the COVID-19 pandemic.

June 15, 2020

Restructurings , Shale Plays , Acquisitions & Divestitures , Trends

San Juan Basin Bankruptcies, Acquisitions Case Study: Southland Royalty Co.

Going forward, big data will be key in making good business decisions, and in the next few months there will be many buying opportunities as distressed oil and gas companies are forced to sell their assets.

June 10, 2020

Restructurings , Public Capital , Shale Plays

Shale Companies Look to Bolster Insurance for Directors, Officers

Among the most notable Chapter 11 filings so far have been Whiting Petroleum Corp. and Diamond Offshore Drilling Inc., both of which filed in April.

June 10, 2020

Restructurings , Public Capital , Unconventional , Shale Plays

Chesapeake Energy: Rise and Fall of a US Shale Star

Chesapeake Energy, once worth $35 billion, is flirting with bankruptcy in face of the coronavirus-driven crash.

June 4, 2020