Darren
Barbee
Oil and Gas Investor
Natural Gas Producer Gulfport Energy Files for Bankruptcy
Natural gas explorer and producer Gulfport Energy Corp filed for Chapter 11 bankruptcy on Nov. 13, becoming the latest company in the U.S. energy sector to succumb to weak crude prices as the COVID-19 pandemic crimps fuel demand.
D-J Basin Producers Bonanza Creek, HighPoint to Merge in $376 Million Deal
The combination of Bonanza Creek Energy and HighPoint Resources is expected to create a leading unconventional oil producer in the Denver-Julesburg Basin with roughly 206,000 net acres in rural Weld County, Colo.
FTS International Reports Successful Confirmation of Plan of Reorganization
FTS International Inc. revealed that the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division has confirmed its prepackaged plan of reorganization, the company said on Nov. 5.
NGL Provides Update Relating to Grand Mesa Pipeline in D-J Basin
Company responds to customer’s rejection of TSAs in bankruptcy court.
E&P Plus November 2020: On the Move
Check out the latest new hires, appointments and promotions as well as new company office and facility openings.
Calfrac Shareholders Approve Recapitalization Plan, Reject Wilks Brothers Bid
The debt-ridden oilfield services company, which rejected a hostile bid from Wilks Brothers last month, said most holders of its senior unsecured notes voted in favor of Calfrac's new plan.
Chaparral Energy Emerges from Bankruptcy as Private Operator
Chaparral Energy is now “better positioned to compete and will look to capitalize on future opportunities with an improved financial and cost structure,” says Chuck Duginski, CEO of the Oklahoma shale driller.
Oil and Gas Investor A&D Trends: Pardon the Dust
At the crack of a bankruptcy judge’s gavel, stalking-horse bidders slowly lurch out of the starting gate, lower their long necks and graze among the oil and gas bankruptcies. The slowly revealed results are fascinating.
Report: Bankruptcies in Oil Sector Surge during Third Quarter
In third-quarter 2020, 17 oil producers sought bankruptcy protection, fueling a 21% jump in such filings in the first nine months of 2020 from a year earlier, according to a Haynes and Boone report.
Oil Bankruptcies Could Shift Clean-up Bill to US Taxpayers
U.S. taxpayers could be left footing a bill of tens or even hundreds of billions of dollars to clean up oil and gas wells, a new report says.