by Brian Berglund | Nov 21, 2021
A catastrophic hurricane caused business interruption for Galveston Bay Properties, LLC, an E&P company with approximately 20,000 acres under lease from the State of Texas in the shallow waters of the Gulf of Mexico with 124 well bores and 23 producing wells...
by Brian Berglund | Sep 13, 2021
The Debtor was an Exploration & Production (E&P) company with drilling activity and 100+ well production in New Mexico (Delaware Basin) and Oklahoma. The investor group terminated the management team as a result questionable dealings and related litigation...
by Brian Berglund | Jul 19, 2021
This oilfield services company designed and produced a nanotechnology ceramic proppant used in oil and gas “fracking” but the operations never achieved sufficient volume and economies of scale to reach a profitable cost structure prior to the macroeconomic downturn in...
by Brian Berglund | Sep 13, 2020
A supplier in the Permian basin (Texas) of chemical solvents and anti-corrosion products was in default with its senior secured lender. The default was a result of misreported operating results and negative EBITDA during the Covid-19 downturn in the oil and gas...
