Bankruptcy / Restructure Update | Financial Trouble | Capital Markets
Destiny Petroleum Files Chapter 11
Print
|
Destiny Petroleum LLC has filed for bankruptcy, according to documents filed with the SEC.
The company has operations in the MidContinent area.
More Bankruptcy - Filing News
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…
Mid-Continent News
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…
Dallas Fed Energy Survey: What Oil and Gas Executives Are Really Saying
The latest Dallas Fed Energy Survey shows a U.S. oil and gas industry that is not collapsing—but is clearly constrained. Executives are operating in a defensive posture, focused…
Amplify to Sell Oklahoma Assets for $92.5MM
Nov. 05, 2025 Amplify Energy announced it has entered into a definitive agreement to sell all of its interests in Oklahoma for a total contract price of $92.5…
BKV Closes $370MM Bedrock Barnett Acquisition
BKV Corporation (NYSE: BKV) closed its ~$370 million acquisition of Bedrock Production, LLC, acquiring Bedrock Energy Partners’ Barnett Shale assets in a deal that materially expands BKV’s scale…