Finance - Restructuring

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

Saratoga Resources Emerges From Bankruptcy

Saratoga is debt-free with unchanged outstanding shares, the company said.

November 3, 2016

Bankrupt Samson Resources, Creditors Reach Restructuring Deal

Samson suspended drilling new wells before filing for bankruptcy, Reuters reported.

August 29, 2016

Analysts: Worst Of Energy Bankruptcies In Rearview Mirror

Oilfield services still face bankruptcy threat, but rest of industry relatively in the clear for this year.

August 16, 2016

Sabine Emerges From Bankruptcy As Private Company

In conjunction with its emergence from Chapter 11, Sabine closed on its new senior secured credit facility.

August 12, 2016

Loss Of Sandpiper Could Help Bring Bakken Into Balance

If Sandpiper Pipeline Project is snuffed, supply-and-demand balance in Bakken could arrive sooner, East Daley analysts say.

August 11, 2016

Oilfield Service Sector On Course To Hit $110 Billion Debt Wall

Analysts’ report describes massive amount of maturing, expiring debt facing oilfield services sector.

August 10, 2016