- Joe Barone, Shale Directories
- Blog
- April 2, 2020
Whiting Petroleum first major shale victim of oil price crash
U.S. based Whiting Petroleum Corporation on Wednesday became the first large shale company to file for bankruptcy protection, after falling victim of the crash in oil prices, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 25, 2020
Bankruptcy judge approves PES refinery’s sale
A U.S. Bankruptcy Court judge has approved the $252 million sale of the Philadelphia Energy Solutions (PES’) refining complex in South Philadelphia, Pennsylvania, to a Chicago, Illinois-based developer.- Joe Barone, Shale Directories
- Blog
- February 12, 2020
Refinery Sale Suggests Philadelphia May Be More Rotten Than Denmark
Tom Shepstone Shepstone Management Company, Inc. . … The Philadelphia refinery sale proposed by the debtor makes no sense and unsecured creditors are calling out what may be some serious corruption.- Joe Barone, Shale Directories
- Blog
- February 10, 2020
CA utility wildfire prevention plans include blackouts
California utilities plan to continue shutting off customers’ power during dry and windy conditions to prevent possible deadly wildfires, but they will make outages more targeted to avoid widespread blackouts, according to plans filed Friday with the state, The Associated Press reported.- Joe Barone, Shale Directories
- Blog
- January 30, 2020
Philadelphia Refinery Not Dead Yet? And, Something’s Fishy.
Tom Shepstone Shepstone Management Company, Inc. . … It turns out the Philadelphia refinery sale we covered the other day wasn’t the high bid!- Joe Barone, Shale Directories
- Blog
- January 28, 2020
Southcross Energy’s restructuring plan OKed, Chapter 11 ending
Natural gas midstreamer Southcross Energy Partners LP said Monday the U.S. Bankruptcy Court for the District of Delaware has confirmed the company’s Plan of Reorganization, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- January 27, 2020
Oil patch bankruptcies soar in 2019: Haynes and Boone
If you thought 2019 seemed much like 2016 in terms of tough times in the oil patch, leading to bankruptcy filings, you’re dead on.- Joe Barone, Shale Directories
- Blog
- December 3, 2019
Sabine O&G completes sale to Osaka Gas USA
Sabine Oil & Gas Holdings said Monday it’s closed the sale of its subsidiary, Sabine Oil & Gas Corp. to Osaka Gas USA Corp.,- Joe Barone, Shale Directories
- Blog
- October 7, 2019
Bankrupt refinery requests paying exec bonuses in secret
Philadelphia Energy Solutions, which paid $4.6 million in bonuses to executives following a June fire that led to the refinery’s closure and bankruptcy, wants to pay out a new round of retention awards, the Philadelphia Inquirer reported.- Joe Barone, Shale Directories
- Blog
- August 29, 2019
Montana coal mine expansion gets backing after sale
Montana regulators this week proposed approval of a major expansion of the state’s largest coal mine after it was sold through bankruptcy auction to a company controlled by the Navajo Nation, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 21, 2019
Judge to decide if Fes can emerge from Chapter 11
A federal court hearing that could result in FirstEnergy Solutions emerging from bankruptcy is expected to wrap up late Wednesday, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- August 16, 2019
PG&E names industry vet Vesey as utility head
Holding company PG&E Corp., operating under bankruptcy court protection, said the board of its Pacific Gas and Electric Co. unit (also in bankruptcy), has appointed Andrew M.- Joe Barone, Shale Directories
- Blog
- August 12, 2019
Pg&e evaluating proposal from hedge funds
Holding company Pg&e Corp. said Friday it’s evaluating a proposal from hedge funds Knighthead Capital Management and Abrams Capital Management to provide $15 billion in equity capital commitments supporting a plan to reorganize the company.- Joe Barone, Shale Directories
- Blog
- August 6, 2019
Weatherford receives court approval of Dip financing
Oilfield services company Weatherford International Plc said Monday the U.S. Bankruptcy Court for the Southern District of Texas had granted the company final approval for its debtor-in-possession (Dip) financing, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 5, 2019
Settlement allows Midwest refiners to go east
A major gasoline pipeline has reached an agreement to give Midwestern refiners greater access to Pennsylvania markets, Kallanish Energy learns. Houston-based Buckeye Partners has reached an agreement to allow Midwestern refiners to ship more fuel farther into Pennsylvania on its Laurel pipeline, a 350-mile line which historically was used by Philadelphia refineries to transport motor fuel and heating oil west across Pennsylvania.- Joe Barone, Shale Directories
- Blog
- July 23, 2019
Owner of damaged Philly refinery files for Chapter 11
PES Energy, owner of the South Philadelphia oil refinery that suffered a massive fire and explosions last month, has filed for Chapter 11 bankruptcy, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 22, 2019
Another major coal producer files for bankruptcy
Blackhawk Mining, LLC, a coal mining company with operations in Kentucky, West Virginia and Indiana, filed for Chapter 11 bankruptcy last Friday, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 24, 2019
Massive explosions rip East Coast’s largest refinery
Massive explosions and fire engulfed Philadelphia Energy Solutions’ refinery last Friday resulting in significant damage and renewing concerns about the oil industry’s use of a toxic chemical to make high-octane gasoline at plants in populated areas.- Joe Barone, Shale Directories
- Blog
- June 20, 2019
PG&E settles wildfire claims for $1B
Pacific Gas and Electric said Wednesday it’s reached agreements to resolve wildfire claims made by 18 local public entities (cities, counties, districts and public agencies) impacted by the 2015 Butte Fire, 2017 Northern California wildfires and 2018 Camp Fire.- Joe Barone, Shale Directories
- Blog
- May 16, 2019
Pipeline explosion forces producer into bankruptcy
A natural gas explosion last September in a pipeline not yet in service has led to an independent producer backed by Goldman Sachs’s private equity arm and the Ontario Teachers Pension Fund filing for Chapter 11 bankruptcy, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 14, 2019
Cloud Peak Energy voluntarily files for Chapter 11
Cloud Peak Energy, which bills itself as the only pure-play Powder River Basin coal company, has announced it’s filed for protection from creditors under Chapter 11 of the U.S.- Joe Barone, Shale Directories
- Blog
- April 15, 2019
Broke Turnpike Commission Wasting $2 Million on Elon Musk Scheme?
Tom ShepstoneShepstone Management Company, Inc. This is insane! The Pennsylvania Turnpike Commission is spending $2 million it doesn’t have to study an Elon Musk hyperloop scheme NIMBYs are going to hate.- Joe Barone, Shale Directories
- Blog
- April 4, 2019
PG&E names new CEO, 10 new directors to be appointed
Embattled PG&E Corp. and its utility Pacific Gas and Electric, on Wednesday announced the appointment of William “Bill” Johnson as president and CEO, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 2, 2019
Grant Township Ordered to Pay $100K for Letting CELDF in the Door
Tom ShepstoneShepstone Management Company, Inc. Though repeatedly warned, Grant Township let itself be used by the radical CELDF as a tool to trigger a Marxist-type revolution, and is now going to pay.- Joe Barone, Shale Directories
- Blog
- April 1, 2019
Bankruptcy judge approves Dip loan for PG&E
Bankrupt California power provider PG&E Corp. won court approval last week for a $5.5 billion loan to help maintain electricity and natural gas delivery and for investments to reduce the risk of wildfires as it reorganizes.- Joe Barone, Shale Directories
- Blog
- March 8, 2019
Parker reorganization plan confirmed by court
Parker Drilling said late Thursday the U.S. Bankruptcy Court for the Southern District of Texas confirmed the company’s amended joint Chapter 11 reorganization plan.- Joe Barone, Shale Directories
- Blog
- March 4, 2019