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Scarinci Hollenbeck remains committed not only to providing top-tier legal services but also to regularly providing information and resources to our client base and internet following. Client Alerts provided by our attorneys supply businesses, municipalities, and more with the latest and relevant legal updates that may impact them and how they might be able to proceed.

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Key Energy Services Plans to File for Chapter 11 Bankruptcy Protection

Recently, Key Energy Services, one of the largest onshore rig-based well-servicing contractors in the U.S., announced that it will plan to file for Chapter 11 bankruptcy protection. According to a Fuel Fix report, the company’s creditors have agreed to a reorganization plan where debtholders will take control of the firm as part of a debt-for-equity […]

Author: Joel R. Glucksman

September 30, 2016

Atlas Resources Files for Chapter 11 Bankruptcy Protection

Oil and gas producer Atlas Resource Partners LP recently announced that it had filed for Chapter 11 bankruptcy protection, according to Bloomberg. Its reorganization plan calls for Atlas Resources to remove $900 million in debt and cut $80 million in interest costs. Atlas Resources spirals into debt Atlas Resources claimed in its recent financial statement that the […]

Author: Joel R. Glucksman

August 24, 2016

Goodrich Petroleum Corp. Files for Chapter 11 Bankruptcy Protection

Goodrich Petroleum Corp. files Chapter 11 Goodrich Petroleum Corp., a U.S. oil and gas giant, recently announced that it had filed for Chapter 11 bankruptcy protection. According to The Wall Street Journal, the company sought bankruptcy protection in order to erase more than $400 million in debt. Goodrich now becomes just the latest one of […]

Author: Joel R. Glucksman

June 15, 2016

Emerald Oil Inc Files for Chapter 11 Bankruptcy Protection

Emerald Oil Inc files Chapter 11 Recently, oil and gas producer Emerald Oil Inc. announced that it had filed for Chapter 11 bankruptcy protection. According to The Wall Street Journal, Emerald became just the latest victim of the collapse and subsequent sluggish recovery of oil prices. As a result, the company officials stated that Emerald […]

Author: Joel R. Glucksman

April 11, 2016

Hovensa LLC Files for Chapter 11 Bankruptcy

On Sept. 15, Hovensa LLC, once one of the world’s largest oil refineries , announced that it had filed for Chapter 11 bankruptcy protection, according to a CNBC report. In court papers, the company cited poor economic conditions and increased competition for its slide into insolvency. Hovensa falls into debt The company, a joint venture […]

Author: Joel R. Glucksman

October 13, 2015

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