Restructurings
Restructurings , Public Capital , Shale Plays , Mergers
HighPoint Resources Receives Quick Approval for Prepackaged Bankruptcy Plan
The prepackaged plan includes approval of Denver-based HighPoint Resources’ pending $376 million merger with Bonanza Creek Energy Inc., which the companies had agreed to last November.
Restructurings , Public Capital , Exploration & Production , Shale Plays
DJ Basin Operator HighPoint Resources Files for Chapter 11 Bankruptcy
HighPoint Resources Corp. has filed voluntary petitions under Chapter 11 of the Bankruptcy Code on March 14 in the United States Bankruptcy Court for the District of Delaware.
Restructurings , Investment , Digital Oilfield
McDermott Completes Minority Investment in Lummus Technology
McDermott International Ltd. has invested in Lummus Technology Holdings I LLC, a holding company of Lummus Technology, on March 8.
Restructurings , Drilling , Subsea
Norway’s Seadrill Writes Down $2.9 Billion on Its Oil Rigs
Offshore drilling rig contractor Seadrill said on March 4 it had taken an additional $2.9 billion non-cash impairment on its assets due to a bleak outlook for the sector, which has reduced demand for its drilling rigs.
Restructurings , People
Grant Thornton Expands Oil and Gas Restructuring Services in Firm’s Houston Office
Based in Houston, Loretta Cross and John Baumgartner join Grant Thornton as managing directors who will be part of the firm’s strategy and transactions practice.
Restructurings , Public Capital , Exploration & Production , Emissions , Shale Plays
Chesapeake Energy Emerges from Bankruptcy Following ‘Business Reset’
Alongside its emergence from bankruptcy, Chesapeake Energy also unveiled a commitment to achieve net-zero greenhouse gas direct emissions by 2035 among other environmental targets.
Restructurings , Public Capital , Exploration & Production , Shale Plays
Extraction Oil & Gas Emerges from Bankruptcy with Tom Tyree as CEO
Extraction Oil & Gas also instituted a new governance model that strives for “environmental leadership through low-impact operations, emission reductions and reporting,” says the company’s new chairman, Benjamin Dell.
Restructurings , Public Capital , Exploration & Production , Shale Plays , Gathering & Processing
NGL Energy Partners Provides Update on Extraction Bankruptcy
Extraction Oil & Gas is a customer of Grand Mesa Pipeline, a subsidiary of NGL Energy Partners that provides takeaway capacity for crude oil producers in the D-J Basin where Extraction’s operations are focused.
Restructurings , Public Capital , Exploration & Production , Shale Plays
Chesapeake Energy Bankruptcy Plan Giving Lenders Control Approved by US Judge
The bankruptcy plan will allow Chesapeake Energy to emerge "a stronger and more competitive enterprise," spokesman Gordon Pennoyer said.
Restructurings , Public Capital , Exploration & Production , Shale Plays
Chesapeake Energy Worth $5.13 Billion on Bankruptcy Exit, Judge Says
Chesapeake Energy's value has soared since its June bankruptcy filing, the U.S. judge overseeing the natural gas producer's trial indicated, and is worth $5.13 billion, far above the shale gas pioneer's estimate.