Lilis Energy files for bankruptcy in Houston with hundreds of millions in debt
The company is bringing hundreds of millions of dollars of debt to Houston’s bankruptcy court.
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Building "Bridges" Across the Bayou City!
The company is bringing hundreds of millions of dollars of debt to Houston’s bankruptcy court.
Read MoreThe executive has been with the company for the past five years.
Read MoreThe company’s assets are losing value under the weight of demand destruction as a result of the Covid-19 pandemic.
Read MoreThis is far from the first time in recent years the company has had to restructure its balance sheet.
Read MoreOccidental inherited the dispute from its Anadarko acquisition.
Read MoreThe company is having its credit capacity cut in half, and it will have to reduce its outstanding debt to stay ahead of the dipping credit ceiling.
Read More“It’s kind of quadruple jeopardy, so to speak,” an analyst said.
Read MoreThe company’s co-founder will step into the shoes of an executive chairman and work to get the flagship project moving once again.
Read MoreThe company will hand over complete ownership to a subset of its creditors.
Read MoreHouston-based Talos Energy Inc. (NYSE: TALO) has made a deal to pick up a series of assets from Castex Energy 2005 LP in a bolt-on acquisition.
Talos will pay $65 million for the assets, of which 10% will be cash and the rest will be stock, according …
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