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More Bankruptcy / Restructure Update 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…
Vista Proppants Emerges from Bankruptcy; Rebrands as V SandCo LLC
V SandCo LLC, formerly Vista Proppants and Logistics LLC and dba Vista Sand, has emerged from bankruptcy and rebranded under a new name. Steve Herron was named Executive…
Gulfport Energy Emerges from Bankruptcy
Gulfport Energy Corp. has successfully completed its restructuring process and emerged from bankruptcy. Gulfport has exited bankruptcy with a new Board of Directors; a strengthened balance sheet, with…
HighPoint Resources' Bankruptcy Plan Approved by the Courts
HighPoint Resources Corp.'s bankruptcy plan has been confirmed by the courts. Additionally, the plan implements the merger and restructuring transactions related to HighPoint's merger with Bonanza Creek Energy.…
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…
North America News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
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,…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
Harbour Energy Strikes $3.2B Deal to Buy LLOG, New Core Business
December 2025 — Harbour Energy plc has agreed to acquire 100% of LLOG Exploration Company LLC for $3.2 billion, marking a strategic entry into the deepwater U.S. Gulf…
Offshore News
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…
Harbour Energy Enters U.S. Deepwater With $3.2B LLOG Acquisition
Harbour Energy has agreed to acquire LLOG Exploration Company LLC for $3.2 billion, marking Harbour’s strategic entry into the deepwater U.S. Gulf of America and establishing what it…
Baytex 2026 Development Plans
Baytex’s 2026 development plan reflects a post–Eagle Ford sale capital program and a sharpened focus on its core Canadian assets. The Company approved 2026 exploration and development expenditures…
Tourmaline: 2026 Capital Program Locked In at $2.9B
Tourmaline’s 2026 exploration and production (EP) program is set at $2.9 billion and targets average production of 690,000–710,000 boepd, with the company maintaining the multi-year EP Plan released…
Advantage Plans $300–$330MM 2026 Capital Program
Advantage’s 2026 development plan centers on Glacier-focused drilling and key midstream work. The company plans total capital spending of $300 million to $330 million and expects production to…