Bankruptcy

PG&E Bankruptcy Exit Gains Approval from Creditors

PG&E Bankruptcy Exit Gains Approval from Creditors

Pacific Gas and Electric Co. (PG&E) and its parent company last Friday gained approval to reorganize and exit Chapter 11 bankruptcy, including approval from the wildfire victims, with more than 85% voting in favor of the plan.

May 26, 2020
Hornbeck Offshore to Restructure as Impact from Low Oil Prices, Coronavirus Takes Toll

Hornbeck Offshore to Restructure as Impact from Low Oil Prices, Coronavirus Takes Toll

Stung by the decline in activity from low oil price and the coronavirus pandemic, Gulf of Mexico operator Hornbeck Offshore Services Inc. said it plans to file for Chapter 11 to restructure.

April 15, 2020
PG&E Reorganization OK’d by Bankruptcy Court with $13.5B Settlement Unchanged

PG&E Reorganization OK’d by Bankruptcy Court with $13.5B Settlement Unchanged

The U.S. Bankruptcy Court in San Francisco on Tuesday approved the Pacific Gas and Electric Co. (PG&E)revised reorganization planand left unchanged the $13.5 billion settlement signed late last year.

April 8, 2020
PG&E Reorganization OK’d by Bankruptcy Court with $13.5B Settlement Unchanged

PG&E Reorganization OK’d by Bankruptcy Court with $13.5B Settlement Unchanged

The U.S. Bankruptcy Court in San Francisco on Tuesday approved the Pacific Gas and Electric Co. (PG&E)revised reorganization planand left unchanged the $13.5 billion settlement signed late last year.

April 8, 2020
Whiting Files for Chapter 11 Amid Pandemic, Price Rout

Whiting Files for Chapter 11 Amid Pandemic, Price Rout

Denver-based Whiting Petroleum Corp. has filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas, citing low oil prices and an uncertain outlook for the sector.

April 1, 2020
Whiting Files for Chapter 11 Amid Pandemic, Price Rout

Whiting Files for Chapter 11 Amid Pandemic, Price Rout

Denver-based Whiting Petroleum Corp. has filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas, citing low oil prices and an uncertain outlook for the sector.

April 1, 2020
California Governor, PG&E Agree on Bankruptcy Exit Plan

California Governor, PG&E Agree on Bankruptcy Exit Plan

California Gov. Gavin Newsom and bankruptcy bound Pacific Gas and Electric Co. (PG&E) and its parent company have informed a federal court in San Francisco of their joint support for a revisedplan of reorganizationfor the combination utility’s exit from Chapter 11. The agreement includes PG&E’s acceptance of a state takeover if it fails to get timely court and state approvals.

March 25, 2020

PG&E Wins Court Approval for $23B Financing Package to Pay for Wildfire Liabilities

Pacific Gas and Electric Co. (PG&E) and its parent company have received approval from a federal bankruptcy court in San Francisco for a $23 billion financing package to help pay its considerable liabilities from a rash of wildfires in 2017 and 2018.

March 18, 2020
Pioneer Energy Declares Bankruptcy on Energy Industry’s ‘Difficult Economics’

Pioneer Energy Declares Bankruptcy on Energy Industry’s ‘Difficult Economics’

Lower 48 oilfield services provider Pioneer Energy Service Corp. has filed for voluntary bankruptcy and is planning a comprehensive financial restructuring under an agreement with key stakeholders.

March 3, 2020

Southcross Emerging from Bankruptcy as Private Midstreamer Still Focused on Eagle Ford

Eagle Ford Shale midstreamer Southcross Energy Partners LP expects to emerge from voluntary bankruptcy in a few days after a plan of reorganization was approved.

January 27, 2020