Finance - Restructuring

Free

Hydrocarb Energy Retains Investment Bank As Refinancing Adviser

Kent P. Watts, chairman, added that Hydrocarb wants to enhance its current assets and leverage its P5 operator status in Texas.

Erin Pedigo
Wed, 01/20/2016 - 13:51
Free

Steel Pipe Maker Vallourec Considers Tougher Restructuring Plan

Vallourec, which gets two-thirds of sales' revenue from the oil and gas sector, has been trying to cut production capacity to cope with the downturn affecting its customers as energy prices fall.

Erin Pedigo
Fri, 01/15/2016 - 10:55
Free

RAAM Global Energy Retains Blackhill Partners As Restructuring Adviser

As the chief restructuring officer, Jim Latimer, managing director of Blackhill, will manage RAAM’s operations. Latimer said RAAM should emerge from bankruptcy with more capital available for drilling.

Erin Pedigo
Mon, 01/04/2016 - 15:32
Free

Involuntary Bankruptcies Are Viable Debt-collection Option

Since August, creditors have filed petitions for involuntary bankruptcy against three energy producers with nearly $2 billion in combined debt, Reuters said. The rare involuntary bankruptcy petitions target smaller companies.

Erin Pedigo
Wed, 12/23/2015 - 12:15
Free

Restructuring Practices' Staffs Have Grown Amid Oil Downturn

The 17-month downturn in oil prices is generating much work for bankers and attorneys, Reuters said. Many law firms and banks began reshuffling staff this summer.

Erin Pedigo
Mon, 12/14/2015 - 13:53
Free

Report: CGG Will Decide Whether To Begin Restructuring Procedure

CGG’s options are to increase capital or attract new investors to finance a planned reorganization, sources told Reuters, adding that a formal announcement is expected next week.

Erin Pedigo
Thu, 12/03/2015 - 10:09
Free

Reduced Incentive Restructuring Plan Approved For Sabine

The revisions, which received last-minute backing from second-lien lenders, include lowering the threshold payout for some executives and moving up the date for a bankruptcy confirmation hearing, Reuters said.

Erin Pedigo
Tue, 12/01/2015 - 16:56
Free

Millstein Partners With TPH For Energy Restructuring Consulting

TPH has formed similar consulting alliances with other restructuring advisers, one of the people said Nov. 25.

Emily Moser
Mon, 11/30/2015 - 07:58
Free

Rothschild, Petrie Partners Form Energy Restructuring Partnership

According to Petrie co-founder Andrew Rapp, the firms began planning collaboration this summer and started pitching companies for business early this fall. They currently have a few assignments, Reuters reported.

Erin Pedigo
Mon, 11/23/2015 - 14:29
Free

Black Elk Hires Blackhill Partners As Restructuring Adviser

"Blackhill Partners' long history of serving energy companies in difficult situations allows us to provide the leadership required in this highly complex bankruptcy," said managing director Jeff Jones.

Erin Pedigo
Wed, 11/11/2015 - 11:03
Free

Noble Energy Cuts Marcellus, Eagle Ford, Permian Workforce

While the company has about $5 billion in liquidity, Noble wants to be cash flow neutral in 2016 and continue to ramp up in its new Texas shale acquisitions.

Darren Barbee
Wed, 11/11/2015 - 10:00
Free

Reeling Samson Resources, Once Worth $7 Billion, Files For Bankruptcy

Samson has arranged a deal with some of its lenders to eliminate debt and provide new equity investment, though owner KKR will lose its stake in the company.

Darren Barbee
Fri, 09/18/2015 - 13:47

Pages