Forbes The NYSE this morning suspended trading in shares of freshly bankrupt Chesapeake Energy and commenced delisting proceedings for the stock, which is frozen at $11.85. The company, in filings yesterday for its Chapter 11 restructuring, in U.S. Bankruptcy Court in Houston, made it clear what the outcome was going to be for holders of its common stock under its
Oil & Gas 360 FORT WORTH, Texas, June 29, 2020 (GLOBE NEWSWIRE) — Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that it has filed petitions under Chapter 11 of the United States Bankruptcy Code to initiate voluntary cases in the
Whiting Petroleum Commences Chapter 11 Reorganizational Process to Right-Size Capital Structure DENVER–(BUSINESS WIRE)–Apr. 1, 2020– Whiting Petroleum Corporation (NYSE: WLL) and certain subsidiaries (collectively, “Whiting” or the “Company”) today announced that they had commenced voluntary Chapter 11 cases under the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”). The Company has more than $585 million of
Houston Chronicle Switzerland and Houston-based oilfield service company Weatherford International has emerged from Chapter 11 bankruptcy with roughly $10 billion of financial support. In a Friday morning statement, Weatherford announced that the company emerged from Chapter 11 with $6.2 billion of outstanding funded debt, secured $2.6 billion in exit financing facilities, including a $450 million revolving credit facility, secured a
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