Tag Archives: bankruptcy

Earlier this month, the sale of the Preferred Sands Arizona mine to a new entrant came to light. In our update on the deal, we noted the transaction was not an example of the consolidation many are waiting for in the proppant supply space. This week, another similar transaction has …

The “Summer Of Restructuring” continues in frac sand. This week, we identified a third Chapter 11 filing in the space… There’s a lot more to this story… Login to see the full update…  To read this update and receive our research newsletters, you must be a member. If you are …

Shale Support filed Chapter 11 last Thursday. In our coverage at the time, we noted they would not be alone in the bankruptcy camp for very long. We admittedly didn’t know they’d have company quite this fast though… Yesterday in bankruptcy court… There’s a lot more to this story… Login …

Restructuring continues in the frac sand industry, claiming another sand producer this week. Per the bankruptcy filing, the company owes total debts of… Details in the full report. There’s a lot more to this story… Login to see the full update…  To read this update and receive our research newsletters, …

We screened the universe of large oilfield service customers looking for indications of elevated risk. For oilfield service firms and suppliers, it matters who you are doing business with. There’s a lot more to this story… Login to see the full update…  To read this update and receive our research …

At this point, we see field development as a marketplace in the very early stages of turning around. As for a broader recovery in the deepwater markets, it’s not even the first inning yet. It’s more like the stretching routine before pre-game warm ups. There’s going to be a game, but …

A restructuring press release from Seadrill on Tuesday sent shares tumbling 29%. The press release said achieving viable restructuring would involve “significant dilution to current shareholders” and noted that the company needs a $1bn lifeline. In this context, down shares 29% is about right. But significant dilution to shareholders in a restructuring …