Weatherford Plans For ‘Business As Usual’ During Bankruptcy
Oilfield service giant Weatherford International officially entered bankruptcy July 1 with a planned restructuring to clear up more than $5.8 billion of its long-term debt.
Permian Basin Operator Legacy Reserves To Enter Chapter 11 Bankruptcy
Despite converting to a C-corp, Legacy Reserves has faced debt hurdles, which led the Midland, Texas-based oil and gas company to explore strategic alternatives.
US Shale Producers Could Face Another Bankruptcy Wave
Investor pressure for financial discipline could be leaving some E&P companies with nowhere to go but back into bankruptcy.
Weatherford To File For Chapter 11 Bankruptcy
Oilfield services provider Weatherford International Plc, burdened by a heavy debt load and years of losses, said on May 10 it would file for Chapter 11 bankruptcy protection.
Southcross Energy Commences Chapter 11 Reorganization
Company has $255 Million in committed financing and expects to continue operations.
Vanguard Natural Resources Falls Back Into Bankruptcy
Vanguard Natural Resources filed for Chapter 11 protection on April 1, marking the second time the Houston-based E&P has entered bankruptcy since the 2014 oil crash.
PG&E Bankruptcy Threatens Major Battery Storage Project
The bankruptcy poses a threat to California's climate change ambitions by putting in limbo dozens of large solar, wind, and other clean energy projects PG&E has contracted with other companies.
Report: E&P CEOs Salaries Rose 5% Last Year
Average total compensation for CEOs and CFOs at E&P companies increased last year vs. 2017 primarily due to the value of long-term incentives.
Delek Drilling Considers London IPO For Leviathan Gas Stake
Delek Drilling is considering listing its holdings in the Leviathan natural gas field off Israel's Mediterranean coast on the London Stock Exchange as part of a corporate restructuring.
PetroQuest Energy Emerges From Bankruptcy With New Board
PetroQuest Energy completed its Chapter 11 reorganization and emerged from bankruptcy with nearly $300 million of its debt cleared.