EP Energy Corporation Successfully Completes Financial Restructuring
October 2, 2020
EP Energy Corporation Successfully Completes Financial Restructuring Reduces Pr…
Shale bankruptcies pile on, Lonestar latest to succumb to weak demand
October 1, 2020
Reuters Lonestar Resources US Inc LONE.O filed for Chapter 11 bankruptcy protection on Thursday, joining a clutch of shale companies that have succumbed to weak crude prices as COVID-19 pandemic crimps fuel demand. Lonestar, which operates in Texas’ Eagle Ford basin and produced roughly 14,000 barrels of oil equivalent per day, had a total debt of $546.3 million as of June 30
Bakken Shale producer Oasis Petroleum files Chapter 11, looks to reduce debt by $1.4 billion
September 30, 2020
OAG360 Publishers Note: Oasis ($OAS) becomes the latest shale producer to file for Chapter 11 protection under the US bankruptcy code. According to SEC files, 100% of RBL lenders and 52% of note holders back this plan. Unsecured note holders get 100% of new equity, $450 mm super DIP with $300 mm rollup of outstanding RBL’s and new money around $150mm
Bouchard Transportation Co., Inc. To Restructure Through Chapter 11 Proceeding
September 28, 2020
Bouchard Transportation Co., Inc. To Restructure Through Chapter 11 Proceeding …
Changes to Calfrac Management Transaction Fall Woefully Short of Shareholder Recoveries Under Wilks Premium Offer
September 25, 2020
Changes to Calfrac Management Transaction Fall Woefully Short of Shareholder Recoveries U…
Hi-Crush Inc. Announces Successful Confirmation of Plan of Reorganization
September 24, 2020
Hi-Crush Inc. Announces Successful Confirmation of Plan of Reorganization PR Ne…
Denbury Successfully Completes Financial Restructuring
September 19, 2020
Emerges from Chapter 11 Well-Positioned for Long-Term Success Moves Forward as Str…
Oasis skips latest interest payment; enters forbearance
September 18, 2020
OAG360 Publishers Note: Interest payment of 30mm was skipped, and now enters a 30 day forbearance period which ends Oct 15. As of Q2 2020 filings, OAS had around 77 million in cash on hand Bloomberg Law Oasis Petroleum Inc. skipped payments due Sept. 15 on some of its debt, becoming the latest oil and gas producer to flirt with bankruptcy
Lonestar Resources US Inc. Announces Restructuring Support Agreement
September 15, 2020
Yahoo / Loanstar Resources Lonestar Resources US Inc. (the “Company” or “Lonestar”) (NASDAQ: LONE) today announced that it and certain of its direct and indirect wholly-owned domestic subsidiaries (collectively with the Company, the “Debtors”) have entered into a Restructuring Support Agreement (the “Support Agreement”) with its largest stakeholders that will eliminate approximately $390 million in aggregate debt obligations and preferred
Delphi Energy Corp. Announces Court Sanction of Plan of Compromise and Arrangement
September 12, 2020
CALGARY, Alberta, Sept. 11, 2020 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“ Delphi &…
Unit Corporation Successfully Completes Financial Restructuring
September 4, 2020
Emerges from Chapter 11 and Appoints New Board of Directors Unit Corporation (Company)…
Denbury Resources Pre-Packaged Plan Confirmed By Court
September 3, 2020
360 Feed Wire Expects to Emerge from Chapter 11 in Mid-September with Strengthened Balance Sheet Operations Continuing in Normal Course PLANO, Texas, Sept. 03, 2020 (GLOBE NEWSWIRE) — Denbury Resources Inc. (OTC Pink: DNRCQ) (“Denbury” or the “Company”) today announced that the United States Bankruptcy Court for the Southern District of Texas (the “Court”) has confirmed its “pre-packaged” plan to
