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US shale firm Gulfport Energy exits bankruptcy


US shale firm Gulfport Energy exits bankruptcy
May 19, 2021 2:15:pm
Summary
by: Daniel Graeber
Posted in:
US shale firm Gulfport Energy exits bankruptcy
US shale producer Gulfport Energy said May 18 it emerged from Chapter 11 bankruptcy protection with a new board and an improved balance sheet.
After a tumultuous year of pandemic strains, and aiming to eliminate roughly $1.25bn in debt, the company started a restructuring process in November.
“Gulfport has exited bankruptcy with a new board of directors; a strengthened balance sheet, with $853mn of total debt representing more than $1.2bn of deleveraging through the Chapter 11 process; and approximately $135mn of liquidity,” its May 18 statement read. ....

United States , David Wood , Quentin Hicks , Fitch Ratings , Gulfport Energy , Bill Buese , Interim Ceo , Chief Financial Officer , Shale Producer , Natural Gas , Timothy Cutt , Gas Producers , President And Ceo , ஒன்றுபட்டது மாநிலங்களில் , டேவிட் மரம் , குவென்டின் ஹிக்ஸ் , ஃபிட்ச் ரேடிஂக்ஸ் , வளைகுடா ஆற்றல் , இடைக்கால சிஇஓ , தலைமை நிதி அதிகாரி , ஷேல் ப்ரொட்யூஸர் , இயற்கை வாயு , தீமோத்தேயு கட் , வாயு ப்ரொட்யூஸர்ஸ் , ப்ரெஸிடெஂட் மற்றும் சிஇஓ ,

US Shale Producer Ovintiv Reports Q4 Net Loss


US Shale Producer Ovintiv Reports Q4 Net Loss
Feb 17, 2021 11:25:pm
Summary
by: Dale Lunan
US Shale Producer Ovintiv Reports Q4 Net Loss
US shale producer Ovintiv (formerly Canada’s Encana) said February 17 it had a pre-tax net loss in Q4 2020 of $642mn, compared to a Q4 2019 pre-tax net loss of $68mn. Net loss after tax was $614mn.
For full-year 2020, the company reported a pre-tax net loss of $5.7bn, largely reflecting non-cash impairments on lower reserve valuations totaling $5.58bn, taken throughout the year. In Q1 2020, the impairment was $277mn, in Q2 $3.25bn, in Q3 $1.34bn and in Q4 $717mn.
Operating earnings (Ebitda) in Q4 declined to $183mn from $210mn and for the full year fell to $91mn from $860mn. ....

Doug Suttles , Shale Producer , Quarterly Crude Oil , Natural Gas , Oil Equivalent , Natural Gas Liquids Production , United States , Natural Gas Production , டக் ஸடல்ஸ் , ஷேல் ப்ரொட்யூஸர் , காலாண்டு கச்சா எண்ணெய் , இயற்கை வாயு , எண்ணெய் இணையான , இயற்கை வாயு திரவங்கள் ப்ரொடக்ஶந் , ஒன்றுபட்டது மாநிலங்களில் , இயற்கை வாயு ப்ரொடக்ஶந் ,