Darren
Barbee
Oil and Gas Investor
Shale Producer Oasis Petroleum Files for Bankruptcy
"Due to historically low global energy demand and commodity prices, we determined it is best for Oasis Petroleum to take decisive action to strengthen our liquidity," CEO Thomas Nusz says.
Calfrac Rejects Wilks Brothers’ $20 Million Takeover Offer
Instead, Canada's Calfrac Well Services on Sept. 24 said it was sweetening its recapitalization plan to reduce debt.
Opinion: Rising Bankruptcy Toll Shows US Oil Patch Is Not ‘OK Now’
Business failures pile up despite Donald Trump trumpeting the oil and gas sector’s recovery.
Denbury Resumes Trading on NYSE after Emerging from Bankruptcy
Denbury will now focus on leveraging its expertise and strategic assets into an emerging carbon capture, use and storage business following completion of its financial restructuring, CEO Chris Kendall says.
Ultra Petroleum Emerges from Bankruptcy as Privately Held UP Energy
After struggling with nearly $2 billion of debt left on its balance sheets despite a previous restructuring, Ultra Petroleum, one of the largest oil and gas drillers in Wyoming, voluntarily filed for Chapter 11 bankruptcy in May.
Permian Basin Operator Approach Resources Hitches Saddle to New Buyer
Bankrupt Permian operator Approach Resources appears to be headed toward a sale again—albeit for less than two-thirds of the original sales price.
Lessons Learned from Early Wave of E&P Bankruptcies
As upstream oil and gas companies emerge from Chapter 11 bankruptcies, they’ll need to be mindful of exit credit facility terms and requirements that may reflect a shift from their prior experience and will likely affect their future borrowing base redetermination process.
Houston-based Bruin E&P Emerges from Bankruptcy with $230 Million Revolver
Bruin E&P Partners also emerged from Chapter 11 bankruptcy with a newly constituted board of directors comprised of Kevin Asarnow, Mark Bisso, Richard J. Doleshek and Mike Wichterich as well as Bruin CEO Matt Steele.
Q&A: How Ethan Bellamy Found His Way Back to Oil and Gas
East Daley Capital Advisors’ new midstream strategy director discusses structural changes in the industry, how the upcoming elections could affect energy and his new gig.
Shareholder Wilks Brothers to Launch Hostile Takeover Bid for Calfrac
Wilks Brothers, led by oil billionaires Dan and Farris Wilks, has been acquiring stakes in hard-hit U.S. service firms, previously making two bids for Calfrac's U.S. operations that were rejected.