Joseph
Markman
Hart Energy
US Energy Bankruptcies Surge Continues on Credit, Oil-price Squeeze
Last month, oil and gas producers California Resources and Denbury Resources both filed for Chapter 11 bankruptcy. Together, those firms combined account for $7.7 billion in debt.
E&P Bankruptcies Bring Renewed Focus on Fresh-start Valuation
Now is the time for oil and gas companies emerging from Chapter 11 bankruptcy to adequately address their associated fresh-start reporting and valuation considerations.
Fieldwood Energy Files for Bankruptcy for Second Time in Two Years
The Chapter 11 bankruptcy also follows the departure of Fieldwood Energy’s founder, Matt McCarroll, in early July.
E&P Bankruptcies Move in ‘Very Hairy’ Direction
Court rulings over disputes with midstream operators are no longer easy to predict.
Offshore Driller Noble Corp. Files for Bankruptcy
Offshore oil and gas driller Noble Corp. Plc said on July 31 it has filed for chapter 11 bankruptcy protection to restructure debt, following a historic fall in energy prices.
PATH FORWARD: Grant Thornton’s Bryan Benoit Talks Oil Industry Recovery
After a rough second quarter that included a historic collapse in oil prices, Bryan Benoit, a principal at Grant Thornton Financial Advisors who also leads the firm’s energy advisory practice, says he’s starting to see green shoots ahead for the industry.
US Oil Producer Denbury Resources Files for Bankruptcy Protection
Texas-based Denbury Resources joins a growing wave of companies in oil and gas industry to buckle due to low oil prices.
BDO USA Adds David Balderach to Business Restructuring Practice in Houston
David Balderach brings deep industry experience to BDO to advise companies, lenders and other investors in the energy secotr on complex restructuring matters, the firm said in a statement.
Rosehill Resources Files for Chapter 11 Bankruptcy
Rosehill Resources Inc. and Rosehill Operating Co. LLC have commenced voluntary Chapter 11 cases on July 27.
Oil Analysts See More Challenges Ahead for Growing Bankruptcies
About $140 billion worth of debt is due to mature between 2020 and 2022 in the U.S. oil and gas market, analyst says.