Quantcast
Browsing all 7 articles
Browse latest View live

Downgrades, offerings add $30 billion to energy junk bonds

The energy sector's high-yield bonds – so-called “junk bonds” considered at risk of default – have climbed to $247 billion in the last two months, the largest share of any industry with 17.5 percent of...

View Article


Quicksilver Resources seeks bankruptcy

Quicksilver, which had around 340 employees in February 2014, has asked the federal bankruptcy court for approval to continue its business as normal and to keep paying employee wages and salaries and...

View Article


Moody’s downgrades Sabine amid financial woes

Moody’s Investors Service said $1.85 billion of the Houston oil producer’s debt is at higher risk of default after financial disclosures in its annual report Tuesday indicated it has an “unsustainable...

View Article

American Eagle Energy seeks bankruptcy protection

The company, which had focused on oil drilling in the Bakken Shale in North Dakota, had 19 employees in the first quarter, according to regulatory filings. Court papers said the firm had $211.9 million...

View Article

Hercules Offshore to file for bankruptcy

Shallow-water driller Hercules Offshore is planning to hand ownership of the company to its creditors in a financial restructuring deal that will require it to seek Chapter 11 bankruptcy protection by...

View Article


The shale industry could be swallowed by its own debt

The problem for shale drillers is that they’ve consistently spent money faster than they’ve made it, even when oil was $100 a barrel.

View Article

Dune Energy sells off Texas, Louisiana oil fields for $19 million

Dune Energy is one of a handful of U.S. oil producers to seek Chapter 11 bankruptcy protection this year in the wake of the oil-market crash.

View Article
Browsing all 7 articles
Browse latest View live