Finance - Restructuring

Deepwater Vs. Onshore Depends On ‘Flavor Of The Month’

At the recent NAPE Global Business Conference, panelists from Hess and Akin Gump gave insight on what plays into developing resources in the Lower 48 or international deepwater.

February 15, 2018

Ascent Resources Marcellus Files For Chapter 11 Bankruptcy

Privately-held Ascent is one of several energy companies U.S. fracking pioneer Aubrey McClendon launched after leaving Chesapeake Energy in 2013.

February 8, 2018

Seadrill Postpones Court Hearing On Restructuring Plan

Drilling rig company Seadrill said in a court filing it postponed an initial hearing on its restructuring plan to Feb. 26, buying more time to consider alternative plans.

February 6, 2018

Seadrill Postpones Restructuring Plan Hearing Until Feb. 7

Seadrill’s main owner, Norwegian-born billionaire John Fredriksen, backed by Centerbridge Partners, and a group of unsecured bondholders have submitted alternative restructuring plans, and started talks earlier in January.

January 25, 2018

US Watchdog Says Court Should Demand More Info On Seadrill Restructuring

A U.S. court should dismiss the information provided by drilling rig firm Seadrill Ltd. (NYSE: SDRL) about its restructuring plan as inadequate, a U.S. government bankruptcy watchdog said in a filing on Jan. 3.

January 5, 2018

New Life For LINN

Linn Energy Inc. has been an exception in transitioning from MLP to organic growth enterprise.

January 2, 2018

The Next Restructuring Wave For Oil And Gas Producers

When price relief doesn’t materialize and debt looms, oil and gas executives may have to address a weak balance sheet. Acknowledgement is step one.

November 16, 2017

US Oil Service Firms Face Hit From Venezuela Debt Restructuring

U.S. oil service companies face hard decisions in the coming weeks on whether to continue working for Venezuela’s state-run oil company Petróleos de Venezuela SA.

November 6, 2017

Tough Commercial Real Estate Decisions Loom Large For Energy Executives

Lower-for longer oil and gas prices present another set challenge for energy companies—commercial real estate decisions.

November 2, 2017

An End Game In Venezuela

Of all the Petro States potentially sliding into the abyss, Venezuela looks like it’s holding the lead

September 1, 2017

Ultra Petroleum Reports Notes Offering, Increased Loan

Ultra Petroleum also reported April 3 that the proposed senior secured first-lien RBL term loan was increased to $800 million from $600 million, and that the proposed borrowing base was increased to $1.2 billion from $1 billion.

April 3, 2017

C&J Energy Services Completes Financial Restructuring

C&J said a new board of directors was appointed Jan. 6, consisting of Chairman Patrick Murray; Stuart Brightman; John Kennedy; Steven Mueller; Michael Roemer; and Michael Zawadzki; in addition to Don Gawick, C&J's president and CEO.

January 6, 2017