Darren
Barbee
Oil and Gas Investor
KBR to Focus on Government Contracts, Quit Natural Gas, Energy Business
Engineering and construction firm KBR Inc. will exit most of its LNG construction and other energy projects, it told investors and employees, as customers pull back on energy investments.
US Shale Industry Faces $300 Billion in Write-downs
Impairments expected to be made by U.S. shale companies in the second quarter could trigger insolvencies as the sector accounts for oil price fall, Deloitte says in a new study.
Polarcus Cuts Jobs and Executive Salaries
Polarcus Ltd. has revealed on June 22 it will cut its workforce by 20% and senior-level salaries by 10% to help navigate the market uncertainty caused by the combined impact of the COVID-19 pandemic and oil price volatility.
E&P Restructurings: On the Brink
As oil and gas companies face a hard-scrabble commodity price environment, E&Ps and participants in other industry sectors are already rushing to restructuring advisers in hopes of staving off cash flow calamities, unpaid debts and bankruptcies.
Colorado Shale Producer Extraction Oil & Gas Enters Bankruptcy
Extraction Oil & Gas is the second largest U.S. shale producer to file for bankruptcy since the oil market collapse driven by the COVID-19 pandemic.
San Juan Basin Bankruptcies, Acquisitions Case Study: Southland Royalty Co.
Going forward, big data will be key in making good business decisions, and in the next few months there will be many buying opportunities as distressed oil and gas companies are forced to sell their assets.
Shale Companies Look to Bolster Insurance for Directors, Officers
Among the most notable Chapter 11 filings so far have been Whiting Petroleum Corp. and Diamond Offshore Drilling Inc., both of which filed in April.
Chesapeake Energy: Rise and Fall of a US Shale Star
Chesapeake Energy, once worth $35 billion, is flirting with bankruptcy in face of the coronavirus-driven crash.
Buddy Clark Executive Q&A: Chapter 2020
Energy banking in a pandemic that has diminished global oil and gas demand by at least 25%? A 38-year energy finance attorney and author of a history of oil and gas finance describes what the space looks like today.
Litigation Booms as Shale Tries Not to Bust
The sudden price collapse, global recession and enduring pandemic set this downcycle apart from previous troubles, but the steps leading to bankruptcy filings remain the same. Oil and gas litigators explain how they are guiding their clients.