California Resources Corp. has entered into amendments for certain forbearance agreements, according to a recent SEC filing.
The deadline for its next interest payment has been extended from May 29 to June 30, 2020.
More Financial Trouble - Missed Payment News

DISTRESS TRACKER: Bankruptcies, Defaults, Forbearance, Skipped Payments, Etc.
Tracking company that are in financial distress. This list entails : bankruptcies skipped interest payments broken debt covenants extension of forbearance and more..

UPDATE: Oasis, Lenders Discussing Restructuring Following Missed Interest Payment
UPDATE (9/18): Oasis Enters Grace Period; Eyes Possible Restructuring Following its missed interest payment due date (see details below), Oasis Petroleum Inc. has entered into a 30-day grace…

Another STACK Operator Enters Forbearance with Lenders, Misses Payment
Chaparral Energy has entered into forebearance with its lenders as well as missed its latest interest payment, according to its July 15, 2020 8-K filed with the SEC.…

Razor Energy Skips Out on Loan Interest Payment
Razor Energy Corp. will be deferring the scheduled June 30, 2020 interest payment to the Alberta Investment Management Corporation (AIMCo) under the existing $45.0 million Term Loan Facility.…

Eagle Ford Focused, Lonestar Skips Interest Payment
Eagle Ford pure-player Lonestar Resources announced it is not paying its interest payment due today $14.1 million on its 11.25 % senior notes due 2023. The company has…
West Coast News

CRC to Acquire Berry in All-Stock Combination, Building a Larger California-Focused Energy Leader
California Resources Corporation (CRC) and Berry Corporation announced a definitive agreement to combine in an all-stock transaction valuing Berry at approximately $717 million (inclusive of Berry net debt).…

Berry Reaffirms FY25 Guidance; Uinta Wells Drive 2H Growth
Berry Corporation delivered a steady second quarter update that reinforced the company’s core message for 2025: production is on plan, guidance is intact, and the hedge book is…

Kosmos Energy Ltd. First Quarter 2023 Results
Kosmos Energy Ltd. announced first quarter 2023 results. Highlights Net Production(2): ~58,800 barrels of oil equivalent per day (boepd), with sales of ~61,100 boepd Revenues: $394 million, or…

California Resources Corporation First Quarter 2023 Results
California Resources Corporation announced first quarter 2023 results. Highlights Named Manuela (Nelly) Molina as the new Executive Vice President and Chief Financial Officer, effective May 8, 2023 (see…

Berry Corporation First Quarter 2023 Results
Berry Corporation announced first quarter 2023 results. Highlights Reported Adjusted EBITDA(1) of $59 million Declared first quarter fixed dividends of $0.12 per share, double the quarterly rate from…
