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More Financial Trouble - Going Concern News
Cardium-Focused Briko Explores Strategic Alternatives as CEO Steps Down
Briko Energy Corp. reported management changes and initiation of a strategic alternatives process. CEO Steps Down, Exec Appointment John H. Van de Pol, President & CEO, has advised…
DISTRESS TRACKER: Bankruptcies, Defaults, Forbearance, Skipped Payments, Etc.
Tracking company that are in financial distress. This list entails : bankruptcies skipped interest payments broken debt covenants extension of forbearance and more..
UPDATE: Oasis, Lenders Discussing Restructuring Following Missed Interest Payment
UPDATE (9/18): Oasis Enters Grace Period; Eyes Possible Restructuring Following its missed interest payment due date (see details below), Oasis Petroleum Inc. has entered into a 30-day grace…
Utica & SCOOP Operator Warns of Going Concern, Possible Bankruptcy
Gulfport Energy Corp. has announced that it might be unable to stay in business if it can’t refinance debt coming due next year. The Oklahoma City-based company said…
Forbes Energy Services Enters Forbearance
Forbes Energy Services LLC and some of its lenders under its existing Loan and Security Agreement entered into a forbearance agreement. The lenders have agreed to forbear from…
Gulf Coast News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
An Eagle Ford Team That Cashed Out Is Back for Another Cycle
Houston — January 15, 2026 — Lime Rock Partners, a Houston-based private investment firm specializing in upstream oil and gas, has completed an equity commitment to Athena Energy…
Silver Hill Expands South Texas Footprint with Acquisition of 1776 Energy Assets
Silver Hill Energy Partners has acquired 100 percent of 1776 Energy’s South Texas oil and gas assets, significantly expanding its operated footprint across the Eagle Ford and Austin…