Bankruptcy / Restructure Update | Financial Trouble | Capital Markets
7S Oil & Gas Initiates Bankruptcy Proceedings
Midland, TX-based 7S Oil & Gas LLC has filed for bankruptcy.
No other information regarding the proceedings was immediately available.
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ION Geophysical Files for Bankruptcy
ION Geophysical Corp. has filed for bankruptcy. ION and certain affiliates announced that, after evaluating a variety of strategic alternatives, it has filed for voluntary Chapter 11 relief…

Basic Energy Services Files for Bankruptcy; Inks Stalking Horse Deals
Basic Energy Services has filed for bankruptcy. Concurrently, the company has entered into several deals to sell off its assets. The transactions are being undertaken as the “stalking…

HighPoint Files Chapter 11 Ahead of Merger with Bonanza Creek
HighPoint Resources Corp. has filed for bankruptcy following a special meeting of shareholders. The company is also in the midst of a pending merger deal with Bonanza Creek…

SCOOP / STACK Operator Files for Bankruptcy
Gulfport Energy Corp. has filed for bankruptcy (earlier this year (August 2020), the company warned it was potentially facing bankruptcy). The company expects to eliminate approximately $1.25 billion…

Superior Energy Services Files for Bankruptcy
Superior Energy Services has entered into a restructuring support agreement with a group of its senior noteholders that collectively hold or control approximately 69.2% of the Company’s senior…
Permian - Midland Basin News

Ring Energy, Inc., First Quarter 2023 Results
Ring Energy, Inc., announced first quarter 2023 results. Highlights Grew first quarter 2023 sales volumes 2% to a record 18,292 barrels of oil equivalent per day ("Boe/d") (69%…

HighPeak Energy, Inc., First Quarter 2023 Results
HighPeak Energy, Inc., announced first quarter 2023 results. Highlights Produced average sales volumes of 37,222 barrels of crude oil equivalent per day ("Boe/d"), consisting of 85% crude oil…

Callon Petroleum Company First Quarter 2023 Results
Callon Petroleum Company announced first quarter 2023 results. Highlights Net income of $220.6 million, or $3.57 per diluted share (all share amounts are stated on a diluted basis),…

Diamondback Energy Reducing 2023 Drilling Program
Diamondback Energy, Inc. announced first quarter 2023 results. However during the earnings call. Here are a few things the company said. "We are going to reduce our rig…

SM Energy Company announced its first quarter 2023 results
SM Energy Company announced its first quarter 2023 results. Highlights Growing profitability. In the first quarter 2023, net income was $198.6 million, or $1.62 per diluted common share,…