Haynes and Boone partner on energy bankruptcy wave: ‘We have not seen the end of this’
“I wouldn’t say I’m anticipating an increased pace in the number of bankruptcies in 2020, but I would anticipate a similar pace.”
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Building "Bridges" Across the Bayou City!
“I wouldn’t say I’m anticipating an increased pace in the number of bankruptcies in 2020, but I would anticipate a similar pace.”
Read MoreThe company just had a merger attempt fall through at the end of 2019.
Read MoreAlthough Houston was host to the largest oil and gas merger of the year, deals across the space were down in 2019 by total value, volume and average size.
Of the seven deals in 2019 valued over $5 billion — so-called megadeals — four of them involved …
Read MoreThe company produced lower revenue but higher net income for 2019.
Read More“The oil and gas business is in pretty dire straits right now,” the new chairman said. “Companies are struggling to survive.”
Read MoreThe three largest oil field equipment and services companies based in Houston all reported trouble in their North American arms.
Read MoreThe company’s bondholders wanted equity in the reorganized company, and they were willing to fight to get it.
Read MoreHouston’s largest publicly traded company, Phillips 66 (NYSE: PSX), has cancelled plans with a joint venture partner to build a renewable diesel plant in the Northwest U.S.
Phillips 66 and Renewable Energy Group Inc. (Nasdaq: REGI) have pulled out of …
Read MoreCrude oil prices are expected to trend downward in the first part of this year, lending no reprieve to companies whose business plans depended on higher commodity prices. At the same time, the oil and gas rig count bounced off of its lowest point since…
Read MoreSchlumberger Ltd. (NYSE: SLB) reported a total 2019 revenue of $32.92 billion, basically flat with the prior year, according to its fourth-quarter and full-year 2019 financial report.
However, it shed more than $1 billion in North American revenue dur…
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