Thursday, March 13, 2025

Bonanza Creek Chapter 11 Reorganization Confirmed by Court

$867 million in debt eliminated Bonanza Creek Energy (ticker: BCEI) announced the approval of its prepackaged bankruptcy in a release today. Bonanza Creek voluntarily entered bankruptcy proceedings on January 4, seeking approval for its prepackaged reorganization plan. The plan sought to transform the company’s balance sheet by equitizing about $867 million in debt obligations. A new equity offering would provide

Ohio State Signs Unprecedented $1Billion, 50-Year Energy Deal

From Columbus Business First Ohio State University trustees approved a groundbreaking deal to privatize the school’s energy operations for more than $1 billion. Trustees and administrators this week praised the 50-year deal with French energy giant Engie, which resulted in the largest one-time payment Ohio State has ever received. The French energy giant Engie will oversee Ohio State’s energy operations for

Ireland: Committee of TDs Recommends Frac Ban for Country

From Breaking News Ireland An Oireachtas committee has backed a ban on fracking, with a warning that it would be irresponsible to allow it. After a months-long inquiry, cross-party politicians found that drilling for shale gas from rocks, sands and coal seams creates the potential for groundwater contamination, leaks and surface chemical spills. In its report to be published on