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Energy Exploration Commercial Bankruptcy

White & Case LLP

Recovering prices stabilize oil and gas credits

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Recovering oil prices brought much needed stability to the balance sheets of oil and gas borrowers that were on the brink of foreclosure through lockdowns, but the transition away from hydrocarbons poses an ongoing challenge...more

Morgan Lewis

Assumption and Rejection of Midstream Contracts in Bankruptcy

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The ability to assume or reject executory contracts is one of the primary tools used by debtors in a Chapter 11 reorganization. Where a debtor has a contract with a third party that is “executory”—meaning that ongoing...more

White & Case LLP

No let up for oil and gas borrowers

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The oil and gas sector has been one of the hardest hit by COVID-19 lockdowns and there has been little relief as restructurings rise across the industry - The oil and gas (O&G) upstream sector continues to face financing...more

Morris James LLP

Hercules Offshore, Inc. and 14 Affiliates File a Prepackaged Chapter 11 Case

Morris James LLP on

Today, August 13, 2015, Hercules Offshore, Inc. and 14 of its affiliates filed a prepackaged chapter 11 bankruptcy case in the United States Bankruptcy Court for the District of Delaware. Hercules and its affiates are,...more

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