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Drillers Under Pressure as Low Prices, Broad Uncertainties Put Oil & Gas ...
“Quicksilver Resources Inc., Dune Energy Inc. and BPZ Resources Inc. filed for Chapter 11 bankruptcy protection in March.
UPDATE 1-Peru gives Canadian firm two-year contract for biggest oil block
The Canadian company, which changed its name from Pacific Rubiales Energy Corp last week, will take over oil block 192 in Peru's Loreto Amazonian region after the contract of the current operator, Pluspetrol, expires in eight days.
The 15 Biggest Oil Bankruptcies (So Far)
BPZ Resources, which operates in Peru had $275 million in debt; its assets sold for only $9 million. Here, according to Haynes & Boone's Oil Patch Bankruptcy Monitor, are the 15 biggest bankruptcies (so far).
US public companies seek bankruptcy at fastest first-quarter rate since 2010
The bulk of the bankruptcies have links to resources, particularly oil prices that have fallen by about half since the middle of last year.
ERG Resources, Latest Oil Price Casualty, Files Ch. 11
Law360, New York (May 1, 2015, 4:40 PM EDT) -- ERG Resources LLC joined the growing list of oil and gas exploration firms to succumb to slumping energy prices, filing for Chapter 11 protection in Texas on Thursday with a prearranged strategy in hand to ...
4 Small Cap Stocks That Will Outperform In 2012
BPZ Resources (BPZ) is a Houston based oil and gas exploration company operating in Peru. The company has several operations underway, is expecting to increase production in 2012 and is investing in development of new sites.
W.Va.'s Steptoe Suffers Layoffs Amid Plummeting Oil Prices
Law360, New York (April 3, 2015, 6:40 PM EDT) -- Dozens of lawyers and staffers at West Virginia-based Steptoe & Johnson PLLC fell victim to falling oil and gas prices this week as the firm underwent “limited layoffs” amid a steep decline in energy ...
Energy companies detail hundreds more layoffs
Quicksilver Resources Inc., a Fort Worth-based oil and gas producer, said it plans to lay off a total of 164 workers in Tarrant, Somervell and Denton counties.
Saratoga Resources seeks bankruptcy protection
Saratoga's bankruptcy proceedings follow that of four other U.S. producers, Quicksilver Resources, Dune Energy, BPZ Resources and American Eagle Energy Corp. Cal Dive International has filed for chapter 11 and Hercules Offshore said this week it has ...
Sabine Oil Gets Green Light To Tap Into Cash Collateral
U.S. Bankruptcy Judge Shelley Chapman approved Sabine's motion after the debtor modified its request to accommodate unsecured creditors and other parties that had objected to terms included in the company's request. Approval of the motion follows days ...