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Two offshore drilling companies — The Woodlands-based Arena Energy and London-based Valaris — have filed for bankruptcy in the Southern District of Texas. Both cite a billion-dollars or more of debt. Natalie Posgate has the law firms and lawyers involved so far.
A tough commodity environment, a failed IPO and a pandemic are a few of the factors causing this Austin-based energy company to be the latest to file for bankruptcy protection in Houston federal court. Natalie Posgate has the details, including notable creditors.
Houston-based Fieldwood Energy filed for bankruptcy for the second time in two years in SDTX. Fieldwood GC Thomas Lamme turned to Weil Gotshal, Thompson & Knight and Jones Walker as its legal advisors.
Less than a day after the company that owns Men's Wearhouse filed for bankruptcy in the Southern District of Texas, a dental services firm also appeared on the docket in hopes of scraping some tartar off its balance sheet. What do they have in common? A Texas law firm and a bankruptcy judge in Houston federal court.
The chief lawyers at Noble Corp. and Denbury Resources chose the Southern District of Texas for their multibillion-dollar restructurings Friday. They chose Kirkland, Porter Hedges, Skadden and Jackson Walker as advisors. In an exclusive Texas Lawbook interview, Denbury GC Jim Matthews explains why he made the hires and why the Plano E&P company filed in Houston.
CPK's $400 million debt is going to be sliced up in the Southern District of Texas.
Gibson Dunn, Haynes and Boone and Okin Adams are on the latest oil patch bankruptcies to appear on Houston federal judge David Jones' docket.
Oilfield services firm BJ Services filed for bankruptcy Monday in the Southern District of Texas. BJ Services GC John Bakht selected Kirkland & Ellis and Gray Reed as legal advisors, PJT Partners as a financial advisor and Ankura Consulting as its restructuring advisor.
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