Bankruptcy / Restructure Update | Financial Trouble | Capital Markets
HVI Cat Canyon Files Chapter 11
California oil and gas company HVI Cat Canyon Inc. has filed for bankruptcy.
The filing comes after the company accumulated a large amount of fees connected to oil spills from their properties.
The company's parent is Greka Oil & Gas Inc.
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ION Geophysical Files for Bankruptcy
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HighPoint Files Chapter 11 Ahead of Merger with Bonanza Creek
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SCOOP / STACK Operator Files for Bankruptcy
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Superior Energy Services Files for Bankruptcy
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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
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Kosmos Energy Ltd. First Quarter 2023 Results
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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…