Ultra Petroleum Reports Notes Offering, Increased Loan
Ultra Petroleum also reported April 3 that the proposed senior secured first-lien RBL term loan was increased to $800 million from $600 million, and that the proposed borrowing base was increased to $1.2 billion from $1 billion.
C&J Energy Services Completes Financial Restructuring
C&J said a new board of directors was appointed Jan. 6, consisting of Chairman Patrick Murray; Stuart Brightman; John Kennedy; Steven Mueller; Michael Roemer; and Michael Zawadzki; in addition to Don Gawick, C&J's president and CEO.
Saratoga Resources Emerges From Bankruptcy
Saratoga is debt-free with unchanged outstanding shares, the company said.
Bankrupt Samson Resources, Creditors Reach Restructuring Deal
Samson suspended drilling new wells before filing for bankruptcy, Reuters reported.
Analysts: Worst Of Energy Bankruptcies In Rearview Mirror
Oilfield services still face bankruptcy threat, but rest of industry relatively in the clear for this year.
Sabine Emerges From Bankruptcy As Private Company
In conjunction with its emergence from Chapter 11, Sabine closed on its new senior secured credit facility.
Loss Of Sandpiper Could Help Bring Bakken Into Balance
If Sandpiper Pipeline Project is snuffed, supply-and-demand balance in Bakken could arrive sooner, East Daley analysts say.
Oilfield Service Sector On Course To Hit $110 Billion Debt Wall
Analysts’ report describes massive amount of maturing, expiring debt facing oilfield services sector.
Halcón Files For Court Approval Of Prepackaged Restructuring Plan
Vendors, royalty owners and other parties will be paid in ordinary course.
New York Bankruptcy Judge Will Approve Sabine's Reorganization
The case has been unusually contentious, with Sabine and its lenders squaring off against the official committee of unsecured creditors, led by Aurelius Capital Management, Reuters reported.