Bankruptcy Filings Rise Among US Energy Producers, Report

Bankruptcy filings by U.S. energy producers so far this year have already nearly matched the total for the whole of 2018, law firm Haynes & Boone reported on Wednesday, as volatile oil and gas prices drive companies to seek protection from creditors......»»

All three major U.S. stocks indexes are trading with modest gains Wednesday afternoon, with technology and energy stocks up after oil hit $56 a barrel and Amazon and Google report healthy results in the second-busiest week of the quarter earnings reports......»»

Crude-oil futures take a sharper leg higher Wednesday morning after a report from the Energy Information Administration showed a drop in U.S. crude inventories......»»

Shares of Chesapeake Energy Corp. plunged 37% in premarket trading Thursday, after Reuters reported late W.....»»

Shares of Chesapeake Energy Corp. tumbled 23% in premarket trading Thursday, after Reute.....»»

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......»»

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.....»»

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.....»»

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......»»

Investors hoping a late-2019 rise in oil prices will buoy energy stocks are likely to be disappointed when a raft of companies report results in coming weeks......»»

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.....»»

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 .....»»

Americans paid higher prices for gasoline, medical treatment and recreation in October, but inflation more broadly remained low and fairly stable. The consumer price index rose 0.4% in October, with energy accounting for more than half the increase......»»

World energy consumption is projected to grow 50% by 2050 and, with it, natural gas production in Texas, according to a new report by the U.S. Energy Information Administration. Economic growth in Asian countries, particularly China and India, is pro.....»»

World oil prices jumped to near 6-month highs on Tuesday as the United States tightened sanctions on Iran, sending shares of energy companies higher and boosting currencies of several major crude producers......»»

A man who was once CEO of Duke Energy Corp. — for about an hour — appears to be the top candidate to be named chief executive of troubled PG&E Corp. and pull it through its current bankruptcy proceedings. Bloomberg reports that Bill Johnson, who is.....»»

The U.S. Energy Information Administration forecast a nearly 14% year-over-year rise in summer gasoline prices on the back of expectations for higher crude oil prices, according to a report released Tuesday. The agency forecast an average retail price .....»»

The U.S. Energy Information Administration released its Drilling Productivity report today showing an estimated production growth of 144,000 barrels of oil a day from the 7 major onshore shale oil........»»

A new report from Bloomberg New Energy Finance forecasts electric vehicle sales to rise even faster than the analysts forecast last summer due to massive growth in sales of electric buses......»»

OPEC backed from a strong commitment to raise oil production but only promised to work together and stressed the need for continued cooperation between oil producers, [...].....»»