Another oil and gas company has filed for bankruptcy protection, this time Houston-based Sanchez Energy Corp.
DBJ: DFW company files for bankruptcy, aims to eliminate nearly $900M in debt
Monitronics International Inc. said Monday it had filed and that it hoped to emerge from bankruptcy within about 75 days.
Exclusive: Legal, Financial Advisor Tab Hits $61M in Exco Resources Bankruptcy
Exco Resources is paying its legal and financial advisors $4 million a month to help guide the company through bankruptcy. Since the Dallas oil and gas operation filed for Chapter 11 protection last year, Exco has paid the lawyers and other restructuring experts $61.6 million. The Texas Lawbook has exclusive details.
DBJ: Exco Resources to Emerge from Bankruptcy in ‘Coming Weeks’ After Court Reorgnization
The Dallas oil and natural gas company expects to complete the financial restructuring process in the coming weeks. Exco will reduce its leverage by more than $1.1 billion.
Updated – Shearman Adds Restructuring Pro from Baker Botts
Prior to joining Shearman, Lucky McDowell practiced for his entire 17-year career at Baker Botts.
Frisco tech firm files for bankruptcy, owes up to $50M
Frisco’s Skinny IT – once a rising star in North Texas – has filed for bankruptcy, the Dallas Business Journal reports.
Adeptus GC Tim Mueller: IPO, Bankruptcy, Private Equity in Three Years
Adeptus Health General Counsel Tim Mueller has seen good times and bad times. During a three-year period, Adeptus experienced wild expansion, did an IPO, had its market cap hit $1 billion, filed for bankruptcy and restructured with a new plan for steady growth. Through it all, Mueller’s legal counsel has been both sound and poised. The Lawbook has the story.
O&G Bankruptcies Fall Nearly 40 Percent
A Haynes and Boone study shows that North American oil and gas bankruptcies fell to just 43 filings in 2018, down from 70 in the prior year. The Houston Chronicle’s Jordan Blum explains.