From The Houston Chronicle After a recovery from the last oil bust, energy bankruptcies are back on the rise in 2019. The number of oil and gas bankruptcy filings through mid-August has nearly equaled the total tally from 2018, and the aggregate debt from 2019 bankruptcy filings of almost $20 billion has already surpassed the roughly $17 billion from a
By Tyler Losier, Energy Reporter, Oil & Gas 360 Vanguard Natural Resources completes financial restructuring, emerges as Grizzly Energy Vanguard Natural Resources, a Houston-based onshore energy company, has successfully completed its Chapter 11 financial restructuring process, emerging as a new limited liability company under the name Grizzly Energy. According to the Houston Chronicle, this is the second time in two
Vanguard Natural Resources, Inc. Announces Additional Asset Divestiture Updates
Vanguard Natural Resources, Inc. (ticker: VNRR) appointed Jonathan Curth as general counsel, corporate secretary, and vice president of land today. Curth’s most recent position was assistant general counsel at Newfield Exploration Company, where he managed upstream and midstream transactions and litigation, supporting numerous departments such as land, marketing, and government affairs. Curth received his J.D. from The University of Texas
Vanguard closes on LRR Energy for $541 million Vanguard Natural Resources (ticker: VNR) announced today the closing of the previously announced deal to acquire LRR Energy. According to the company’s press release, a subsidiary of Vanguard merged into LRR Energy and, at the same time, Vanguard acquired LRE GP, the general partner of LRR Energy (collectively LRE) for total consideration
Richard Robert, Executive Vice President and Chief Financial Officer of Vanguard Natural Resources, LLC (NASDAQ: VNR), presented today at EnerCom’s The Oil & Gas Conference® 20. Vanguard Natural Resources is a publicly traded limited liability company focused on the acquisition, production and development of oil and natural gas properties. Vanguard’s assets consist primarily of producing and non-producing oil and natural
Vanguard Natural Resources, LLC Announces Four Monthly Cash Distributions Vanguard Natural Resources, LLC (VNR) (“Vanguard”) has declared a cash distribution attributable to the month of March 2015 of $0.1175 per unit ($1.41 on an annual basis) payable on May 15, 2015 to unitholders of record on May 1, 2015. Vanguard has also declared cash distributions for its 7.875% Series A
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