Bankruptcy filings by U.S. energy producers pick up speed: law firm analysis

According to a new report from law firm Hay.....»»

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Chesapeake Energy is laden with debt that will make it difficult for the firm to .....»»

U.S. shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as they struggle under heavy debt loads and a dual supply/demand shock in the worst crisis the oil industry has faced......»»

A big rally in oil futures sent an array of U.K. energy company stocks higher on Thursday......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Investment management giant Apollo reportedly wants to pull out of its deal to backstop a refinancing of EP Energy, an oil and gas producer that filed for bankruptcy last October......»»

Dallas area bankruptcy courts recorded six business filings - including four with total debts above $1 million - during the week that ended February 21, 2020. Year to date through February 21, 2020, the court recorded 69 Chapter 7 or Chapter 11 bu.....»»

Portland area bankruptcy courts recorded two business filings — including one with total debt above $1 million — during the week that ended Feb. 14. Year to date, the court recorded seven Chapter 7 or Chapter 11 business bankruptcy filings, a 1.....»»

The Philadelphia Energy Solutions oil refinery site will be sold for $252 million and redeveloped under a plan approved in bankruptcy court on Thursday, ending months of uncertainty over whether the idled plant would be restarted, court filings show......»»

Fort Worth-based Southland Royalty Company LLC has filed for Chapter 11 bankruptcy protection.  The oil and gas company, backed by Houston-based EnCap Investments LP, owes about $540 million to a revolving credit facility, according to a bankruptcy.....»»

Fort Worth-based Southland Royalty Company LLC has filed for Chapter 11 bankruptcy, legal filings show.  The oil and gas company, backed by Houston-based EnCap Investments LP, owes about $540 million to a revolving credit facility, according to le.....»»

A new report says natural gas production in 2020 will start to pull back on its healthy growth. Energy analysis firm Enverus on Tuesday said the rapidly accelerating natural gas production nationwide since 2017 will likely fall, given low prices, ch.....»»

San Jose area bankruptcy courts recorded two business filing during the two weeks that ended November 8, 2019. Year to date through November 8, 2019, the court recorded 28 Chapter 7 or Chapter 11 business bankruptcy filings, a -20 percent decrease .....»»

San Jose area bankruptcy courts recorded two filings — including one with total debt above $1 million — during the week that ended September 20, 2019. Summitridge Venture Group LLC filed for voluntary Chapter 7 bankruptcy protection Sept. 12 in t.....»»

To appreciate the speed of Energy Transportation Group's growth, consider what the Canadian truckload carrier and brokerage expected from a slower 2019: a revenue increase of at least 50 percent. read more.....»»

Private equity firm Apollo Global Management LLC has amassed a 6 percent stake in Clearway Energy Inc, a renewable energy producer whose shares were hit after one of its customers filed for bankruptcy, people familiar with the matter said on Friday......»»

The British marketing analytics firm, filed for voluntary Chapter 7 bankruptcy in the Southern District of New York, court filings showed.....»»

In a statement, Worley & Obetz's lawyer pinned the fraud that led to all the problems on CEO Jeffrey Lyons and said the company would be working with a trustee on a liquidation plan......»»

Energy analysis and consulting firm, The .....»»

It's not uncommon to see energy companies shedding assets in light of bankruptcy filings and restructuring. Upon filing for bankruptcy protection, a company may choose to sell some or all of its assets, often referred to as a “363 sale” because Bank.....»»