Cross Border Resources Announces Strategic Alternative Review
To assist in the review process, Cross Border has engaged KeyBanc Capital Markets as its financial advisor.
The Beard Co. Updates On Restructuring Plan; Elects Interim CEO
At year-end 2010, the board elected to make some radical changes and cost reductions under a major Restructuring Plan.
Paxton To Acquire Troubled Louisiana Oil Company
Virgin is currently a debtor in possession under a Chapter 11 proceeding.
Trico Further Extends Acceptances Of Reorganization Plan
The company has extended the deadline for submitting ballots to accept or reject the prepackaged plan of reorganization to 5:00 p.m. Eastern Time on April 18.
Epic Energy To File For Bankruptcy Protection
Epic Energy has also reached an agreement in principal with the debenture holders to provide the company with a debtor-in-possession financing during the reorganization.
Eagle Oil Holding Company Relaunches Business
The company is relaunching its oil production business to take advantage of near record prices for crude oil.
Precision Petroleum Initiates Capital Reorganization
The company has decreased its total liabilities from $1.3 million as of Sept. 30, 2010 to $531,000.
Best Energy Services Seeks Chapter 11 Protection
The company has 25 workover rigs based in Liberal, Kansas, that service the Hugoton Basin and Central Kansas Uplift.
Cano Reports On Cash-Flow Maximization Plan, Strategic Review
The company has reduced the size of its board from six independent directors to two independent directors.
PostRock Reports Private Equity Funding From White Deer Energy
White Deer will purchase $60 million of the company's 12% cumulative redeemable preferred stock.