Dell'Osso, who took over as Chesapeake's CEO in October, is faced with the task of taking the company back to its position as a top U.S. gas producer.
New Sidley partner Trent Bridges shares his thoughts on the strategic outlook for midstream companies, pipeline contracts, M&A, renewable fuels, capital markets and regulations.
PDVSA, in a bench trial before U.S. District Judge Louis Stanton, will present evidence it says shows attempts to pay were blocked by banks wary of sanctions.
Cenovus, one of Canada's largest oil and gas producers, said it continued to progress towards its $10 billion net debt target, which it expected to achieve later this year.
In addition to successfully completing its restructuring and exiting bankruptcy, Gulfport Energy also announced the retirement of its CEO David M. Wood, effective immediately.
The Valaris Group has successfully completed its financial restructuring and emerged from chapter 11 on April 30.
In connection with its emergence from Chapter 11, Diamond Offshore also announced that Marc Edwards has retired as chairman, president and CEO, effective immediately.
Eagle Ford Shale producer Sundance Energy emerged from the Chapter 11 protection voluntarily initiated in early March after having eliminated over $250 million of funded debt obligations.
The midstream sector escaped 2020 with no bankruptcies but is struggling with sweeping counterparty risks if existing contracts are thrown out or renegotiated in E&P bankruptcy settlements.
In a sign of possible attrition, there were no billion-dollar bankruptcies filed in the first quarter by oil and gas producers in North America, which hasn’t happened since third-quarter 2018, according to Texas-based law firm Haynes and Boone.