Post-Reorg

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Ultra Petroleum Emerges From Chapter 11

HOUSTON, April 12, 2017 /PRNewswire/ — Ultra Petroleum Corp. (“Ultra” or the “Company“) announced today that it has successfully completed its in-court restructuring and emerged from chapter 11. In support of its plan of reorganization, Ultra raised $2.98 billion in exit financing in order to pay creditors in full and preserve significant value for existing…

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Peabody Energy Emerges from Chapter 11

ST. LOUIS, April 3, 2017 /PRNewswire/ — Peabody announced today that it has emerged from Chapter 11 protection with a transformed capital structure, including new equity that is expected to begin trading tomorrow on the New York Stock Exchange under the ticker symbol BTU. “We believe that ‘The New BTU’ is well positioned to create…

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Chaparral Energy Emerges from Chapter 11

Capital Structure Pursuant to the Plan, each share of the Company’s existing common stock outstanding immediately before the Effective Date (including all options and warrants to purchase such stock) will be cancelled and of no further force or effect after the Effective Date. As of March 8, 2017, there were 1,392,706 outstanding shares of common…

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Stone Energy Emerges from Chapter 11

Stone Energy Corporation (SGY) (“Stone” or the “Company”) today announced that it successfully completed the conditions precedent to emerging from chapter 11 reorganization, and, accordingly, the Company’s Second Amended Joint Prepackaged Plan of Reorganization of Stone Energy Corporation and its Debtor Affiliates, dated December 28, 2016 (the “Plan”), that was confirmed on February 15, 2017…

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C&J Energy Emerges from Chapter 11

C&J Energy Services, Inc. (as successor to C&J Energy Services Ltd. (“Legacy C&J”), and together with its subsidiaries, “C&J” or the “Company”) today announced that effective as of January 6, 2017, the Company has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, having satisfied all of the conditions to the effectiveness of its…

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Energy XXI Emerges from Chapter 11

Energy XXI Ltd has successfully completed its financial restructuring and emerged from Chapter 11. Through this process, Energy XXI has substantially improved its financial position by eliminating more than $3.6 billion of debt from its balance sheet. Since its founding in 2005, Energy XXI has become one of the largest operators on the Gulf of…

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Basic Energy Services Emerges from Chapter 11

Basic Energy Services, Inc. To Continue Listing New Shares Of Common Stock And Resume Trading Under Ticker “BAS” Following Emergence From Chapter 11 Reorganization FORT WORTH, Texas, Dec. 22, 2016 /PRNewswire/ — Basic Energy Services, Inc. (NYSE: BAS) (“Basic” or the “Company”) today announced that the Company received approval to list its new common stock with…

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Key Energy Emerges from Chapter 11

Key Energy Services Emerges from Bankruptcy, to Relist on the New York Stock Exchange and Resume Trading Under Ticker “KEG”   • Company exits restructuring with stronger balance sheet, sees improving demand for services   • Platinum Equity, Key’s controlling shareholder upon emergence, views Key as platform for growth and consolidation HOUSTON, December 15, 2016 /PRNewswire/…

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Saratoga Resources Emerges from Ch 11… Again

Saratoga Resources, Inc. (OTC Pink Market: SARAQ) (“Company” or “Saratoga”) announced today that the Company filed with the U.S. Bankruptcy Court a notice of satisfaction of the conditions of effectiveness of its Joint Chapter 11 Plan of Reorganization filed as of August 30, 2016 (the “Plan”), whereupon Saratoga, and its subsidiaries, emerged from chapter 11…

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Midstates Petroleum Emerges from Chapter 11

Midstates Petroleum Company, Inc. has emerged from Chapter 11 bankruptcy protection, after satisfying all of the conditions precedent to the effectiveness of its Plan of Reorganization, which was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas on September 29, 2016. With the completion of its restructuring, the Company has eliminated approximately…

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Goodrich Petroleum Emerges from Chapter 11

Goodrich Petroleum Corporation (the “Company”) today announced that it has satisfied the conditions precedent to the effectiveness of its First Amended Joint Chapter 11 Plan of Reorganization (the “Plan of Reorganization”), which was confirmed by the United States Bankruptcy Court for the Southern District of Texas on September 28, 2016, and has emerged from bankruptcy….

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Warren Resources Emerges from Chapter 11

Warren Resources, Inc. announced the satisfaction of all conditions precedent to the effective date of its Chapter 11 plan of reorganization.  Accordingly, after approximately four months of court proceedings, Warren has successfully emerged from Chapter 11 bankruptcy protection, with an improved balance sheet and a viable capital structure. Warren’s bankruptcy proceeding began on June 2,…

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Arch Coal Emerges from Chapter 11

Arch Coal, Inc. has successfully completed its financial restructuring and emerged from court protection, with new equity that will trade on the New York Stock Exchange under the ticker symbol ARCH. “Today marks the beginning of a new era for Arch Coal,” said John W. Eaves, Arch’s chief executive officer. “We are extremely pleased with…

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SandRidge Energy Emerges from Chapter 11

SandRidge Energy, Inc. has emerged from Chapter 11, having satisfied all the necessary provisions of its Plan of Reorganization (the “Plan”). SandRidge received approval to relist on the New York Stock Exchange in conjunction with its emergence and resumed trading of newly issued common stock on October 4, 2016, under the ticker symbol “SD”. Combining its…

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Atlas Resources Emerges from Ch 11 as Titan Energy

Titan Energy, LLC and its subsidiaries has commenced operations as an independent developer and producer of natural gas, crude oil and natural gas liquids with operations in basins across the United States. Atlas Energy Group, LLC, a Delaware limited liability company, operates the Company through a subsidiary and holds a 2% preferred member interest. Titan’s…

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Penn Virginia Emerges from Chapter 11

Penn Virginia Corporation has satisfied the conditions precedent to the effectiveness of its Plan of Reorganization, which was confirmed by the U.S. Bankruptcy Court for the Eastern District of Virginia on August 11, 2016, and has emerged from bankruptcy. By working constructively with its creditors and other stakeholders, Penn Virginia emerged from bankruptcy having reduced…

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Halcón Resources Emerges from Chapter 11

Halcón Resources Corporation has completed its financial restructuring and has emerged from its pre-packaged chapter 11 bankruptcy cases.  All of the conditions under its Plan of Reorganization, which was confirmed by the US Bankruptcy Court for the District of Delaware on September 8, 2016, have been satisfied or otherwise waived in accordance with the terms…

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Seventy Seven Energy Emerges from Chapter 11

Seventy Seven Energy Inc. announced that it has successfully completed its prepackaged restructuring and recapitalization and emerged from Chapter 11 bankruptcy protection. The Company, whose Chapter 11 plan of reorganization was confirmed by the United States Bankruptcy Court for the District of Delaware on July 14, 2016, completed the process in less than two months….

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Alpha Natural Emerges from Chapter 11

Alpha Natural Resources, Inc. (ANRZQ) announced that, contingent upon the finalization of certain definitive documentation and the entry of an order in the coming days, the United States Bankruptcy Court for the Eastern District of Virginia approved the Plan of Reorganization for Alpha and certain of its wholly owned subsidiaries.  The Plan will become effective…

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Verso Emerges from Chapter 11

Verso Corporation (NYSE:VRS) has emerged from bankruptcy following a successful financial restructuring and confirmation of its Chapter 11 plan of reorganization by the U.S. Bankruptcy Court for the District of Delaware on June 23, 2016. “Our emergence from bankruptcy less than six months after our Chapter 11 filings would not have been possible without the…