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.
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![Pioneer Energy Declares Bankruptcy on Energy Industry’s ‘Difficult Economics’](https://www.naturalgasintel.com/wp-content/uploads/2020/06/Weekly-Texas-Oil-and-Gas-Land-Drilling-Rig-Count-20200303-227x120.png)
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.
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.
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.
PG&E, Major Debtors Call Truce but California Governor Still Opposed to Restructuring Plan
A peace pact of sorts has been reached between PG&E Corp. and some financial adversaries regarding its many layered bankruptcy restructuring plan, but California Gov. Gavin Newsom has taken up the gauntlet to continue battle.
PG&E, Major Debtors Call Truce but California Governor Still Opposed to Restructuring Plan
A peace pact of sorts has been reached between PG&E Corp. and some financial adversaries regarding its many layered bankruptcy restructuring plan, but California Gov. Gavin Newsom has taken up the gauntlet to continue battle.
PG&E Pressured by California Authorities to Revise Bankruptcy Plan
Pacific Gas and Electric Co. (PG&E), beset by a seemingly endless assortment of critics, faces the new year with the challenging task of gaining wide consensus for its proposed plan to exit Chapter 11 bankruptcy and complete numerous wildfire settlements.
NGI The Weekly Gas Market Report
Payouts Hit $25B as PG&E Files Revised Reorganization Plan, Governor Balks
Pacific Gas and Electric Co. (PG&E) late Thursday filed a revised final Chapter 11 reorganization plan after its recent completion of three separate victims and insurance settlements totaling more than $25 billion.
Chesapeake Facing Potential Delisting by NYSE
Chesapeake Energy Corp. last week was notified by the New York Stock Exchange (NYSE) that it was not in compliance with continued listing standards and it gave the company the standard six months to remedy the matter before its shares are pulled from the market.
Former California Regulator Proposes Creation of Public Power Authority
A former California regulator said the state could resolve its ongoing wildfire-induced electric utility issues by replacing three major investor-owned utilities and taking over the power distribution business.