energy

NCBJ Report 2016: Hot Spots in a Cold Restructuring World: Energy and Healthcare Restructuring

10/28/16
This panel examined energy and healthcare reorganizations.   The unifying theme of this panel was that industries that are highly regulated, highly leveraged and lack control over their prices are prime candidates for bankruptcy.   According to the moderator, Judge Margaret Mann, the panel hoped to make its presentation relevant to practitioners regardless of whether their typical client was a gas station or dentist as opposed to a major oil producer.
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Peabody Is Paying Laurence Tribe to Fight Climate Plan

06/20/16

[wsj-responsive-image P="//art.wsj.net/api/photos/37799296/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/37799296/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/37799296/smartcrop?height=853&width=1280" caption="A dragline excavator mines coal in this aerial photograph taken above the Peabody Energy Somerville Central strip mine in Oakland City, Ind. The company is paying Harvard Law School professor Laurence Tribe at least $435,000 to lead its opposition to the Obama administration’s signature climate-change initiative." credit="Bloomberg News" placement="Inline"

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The Energy Companies for Which Oil Rebound Came Too Late

05/16/16

SandRidge Energy filed for bankruptcy protection on Monday, joining a growing list of companies that weren’t able to hang on long enough to enjoy the rebound in oil.

Crude oil prices have climbed 76% since dropping to a 13-year low in mid-February. But that’s come too late for a number of oil-and-gas companies that have recently turned to the bankruptcy courts to restructure their debts.

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One Energy Industry Lifeline May Be Running Out of Steam

03/18/16

Energy companies that are struggling to avert bankruptcy have recently been relying on a tool to buy time called a distressed-debt exchange. For some of them, that tactic may not work for much longer.

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Next Week in Bankruptcy

03/04/16

A Manhattan bankruptcy judge on Tuesday is expected to announce her decision on whether to free Sabine Oil & Gas Corp. from pipeline agreements it negotiated before the oil glut.

The agreements require Sabine to deliver minimum amounts of oil and natural gas to two pipeline operators for transport. If it doesn’t hit the benchmark, the pipeline companies collect a deficiency payment.

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New Gulf Resources Files for Bankruptcy Protection

12/18/15

Tulsa, Okla., energy company New Gulf Resources LLC filed for chapter 11 protection Thursday, the latest in a slew of energy companies to enter bankruptcy. Read the Daily Bankruptcy Review article here.

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As Oil Prices Fall, Oil & Gas Bankruptcies Rise

03/11/15
While a new report from the Administrative Office of the U.S. Courts shows a 46% decline in chapter 11 filings from 2010 to 2014, there appears to be an uptick in energy related filings, especially by Texas-based companies.
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The Daily Docket: First Place Enters Bankruptcy

10/29/12

First Place financial Corp. has filed for bankruptcy protection and is selling the stock of subsidiary First Place Bank, the Youngstown Vindicator reports.

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Solyndra’s Legal Team Pours It On as Political Spotlight Burns

10/18/12
Associated Press

As if bankruptcy itself were not tough enough, Solyndra had the ill fortune to sink with $527 million of taxpayer loans and a private equity owner with links to President

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The Daily Docket: Hawker Plans to Exit Bankruptcy on Its Own

10/18/12

Hawker Beechcraft said it plans to emerge from Chapter 11 protection as a standalone company and is no longer pursuing a transaction with China’s Superior Aviation Beijing Co. Read the Daily Bankruptcy Review article here.

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