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Houston-based upstream energy co. considers bankruptcy, other options

The company has decided against making an interest payment due Aug. 15......»»

Category: topSource: bizjournalsAug 15th, 2019

Houston energy co. changes name few months after emerging from bankruptcy

Houston-based Halcón Resources Corp. has changed its name to Battalion Oil Corp., according to a Jan. 27 press release. The upstream energy company expects to be listed on the NYSE American within the next several weeks. Previously, Halcón c.....»»

Category: topSource: bizjournalsJan 28th, 2020

Houston-based energy co. emerges from bankruptcy, names new COO

Houston-based Halcón Resources Corp. announced after markets closed Oct. 8 that it had emerged from bankruptcy. The upstream energy company's financial restructuring eliminated more than $750 million in debt and more than $40 million of annual interes.....»»

Category: topSource: bizjournalsOct 9th, 2019

Houston upstream energy co. reaches restructuring agreement, will file Ch. 11

Houston-based Gastar Exploration Inc. (OTCQB: GSTC) will soon file for Chapter 11 bankruptcy protection to implement a new restructuring plan.  The upstream energy company announced in a late Oct. 26 press release that it reached a restructuring.....»»

Category: topSource: bizjournalsOct 27th, 2018

Dallas PE firms back Houston energy startup

Two Dallas-based private equity firms are backing a new Houston upstream oil and gas company, Eagle Mountain Energy Partners LLC. Eagle Mountain was founded with backing from Pearl Energy Investments and NGP Energy Capital, according to Jan. 29 press rel.....»»

Category: topSource: bizjournalsJan 30th, 2020

Energy co. backed by Houston PE firm files for Chapter 11 bankruptcy, citing market pressures

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.....»»

Category: topSource: bizjournalsJan 27th, 2020

Fort Worth-based energy company files for Chapter 11 bankruptcy, citing market pressures

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.....»»

Category: topSource: bizjournalsJan 27th, 2020

Judge"s approval paves path forward for Houston energy co."s bankruptcy

A key feature of a Houston-based energy company's bankruptcy deal received judicial approval despite opposition from a group of its lenders......»»

Category: topSource: bizjournalsDec 4th, 2019

Houston energy staffing CFO: "We"re in good shape" despite wave of bankruptcies

A new executive at Houston-based Airswift Holdings Ltd. said his company has managed to avoid many of the negative impacts of a wave of bankruptcies sweeping over the U.S. upstream oil and gas business......»»

Category: topSource: bizjournalsNov 6th, 2019

Here"s what Halcón"s newest post-bankruptcy executive will make

After emerging from bankruptcy and appointing a new chief operating officer Oct. 8, a Houston-based energy company has revealed what the COO will be making......»»

Category: topSource: bizjournalsOct 16th, 2019

Houston energy co. files multibillion-dollar bankruptcy

Houston-based EP Energy Corp. filed bankruptcy at close to midnight Oct. 3 as its forbearance agreements with creditors ran dry and the full weight of default was ready to come down. EP, an oil and gas exploration and production company, is bringing .....»»

Category: topSource: bizjournalsOct 4th, 2019

Houston energy co. led by James Hackett files Chapter 11, names new CEO

Struggling Houston-based energy company Alta Mesa Resources Inc. (Nasdaq: AMR) and six affiliated companies have filed voluntary Chapter 11 bankruptcy petitions on Sept. 11. Alta Mesa's midstream platform, Kingfisher Midstream LLC, and its subsid.....»»

Category: topSource: bizjournalsSep 12th, 2019

BP to cut more than 500 upstream jobs

London-based BP PLC, which has its U.S. operations based in Houston, is trimming its employee count. The energy giant plans to reduce its upstream workforce by about 3 percent worldwide to increase efficiency and competitiveness, according to a s.....»»

Category: topSource: bizjournalsMay 22nd, 2018

Energy-focused manufacturer launches IPO after emerging from bankruptcy

The holding company for Houston-based AFGlobal Corp. is going public about a year after emerging from bankruptcy. AFG Holdings Inc. announced July 9 that it commenced an initial public offering of 18.2 million shares of its common stock, which it pl.....»»

Category: topSource: bizjournalsJul 9th, 2018

Houston upstream energy co. WildHorse buys more assets in Eagle Ford Shale

The largest oil company in the eastern end of the Eagle Ford Shale is expanding its presence. Houston-based WildHorse Resource Development Corp. closed two deals to buy 20,305 net acres of Eagle Ford, Austin Chalk and other oil leases in Burleson.....»»

Category: topSource: bizjournalsSep 21st, 2018

CEO of major Houston energy co. steps down effective immediately

The president and CEO of a major Houston-based energy provider has stepped down. CenterPoint Energy Inc. (NYSE: CNP) announced Feb. 19 that board member John W. Somerhalder II has been named interim president and CEO effective immediately. He succ.....»»

Category: topSource: bizjournalsFeb 19th, 2020

Pier 1, already closing stores in Houston, files for Chapter 11 bankruptcy protection

Pier 1 Imports, which was already in the process of closing hundreds of stores, is the latest U.S. retailer to seek Chapter 11 bankruptcy protection. Fort Worth-based Pier 1 said in a Feb. 17 press release that it intends to put itself up for sale as par.....»»

Category: topSource: bizjournalsFeb 18th, 2020

Judge rules in favor of PES refinery’s proposed sale to Chicago-based developer

Barring no further objections, a U.S. Bankruptcy Court judge has approved the sale of the Philadelphia Energy Solutions complex in South Philadelphia to a Chicago-based developer with no plans of restarting refinery operations. The judge also tentativel.....»»

Category: topSource: bizjournalsFeb 12th, 2020

Generac partners with Sunnova Energy on energy storage technology

Waukesha-based generator manufacturer Generac Holdings Inc. continues to push further into the energy storage space with a new strategic partnership with Houston-based Sunnova Energy International Inc. Generac's (NYSE: GNRC) acquisition of Pika En.....»»

Category: topSource: bizjournalsFeb 12th, 2020

Photos: H-E-B opens Meyerland store, offering kosher options

San Antonio-based H-E-B LP opens its latest Houston store at 4955 Beechnut St. on Jan. 29.   The new store replaces a former location at 5416 S. Braeswood Blvd., which closed in 2017 after flooding during Hurricane Harvey and twice before. The .....»»

Category: topSource: bizjournalsJan 28th, 2020

Philly refinery sale draws $240 million winning bid from real estate developer

Chicago-based real estate developer Hilco Redevelopment Partners is expected to pay $240 million in its winning bid for the Philadelphia Energy Solutions refinery site, bankruptcy court documents showed on Wednesday......»»

Category: topSource: reutersJan 22nd, 2020