On June 16, 2020, Sable Permian Resources, LLC filed for Chapter 11 in US Bankruptcy Court in Houston, Texas. According to reports, the company said it has secured $150 million in debtor-in-possession financing to fund its operations during the restructuring and working with advisers on a range of alternatives. LandGate estimates Sable’s Permian Resources Midland …
Did you get a letter in the mail offering to buy your minerals? It happens all the time…unsolicited offer letters somehow make their way to a mineral owner’s mailbox. How did they know you owned minerals? Do you really own minerals? If you do, what are your minerals worth? At LandGate, we can tell …
Despite the fact that we are experiencing a down market, a “down time” can be a “good time” for mineral owners. One could argue that minerals are more marketable now than they were in 2019. There is plenty of data that seems contradictory to this claim. For example, the Wyoming Oil & Gas Conservation Commission …
LandGate evaluated the asset value of Chesapeake Energy (“CHK”) after the company filed for Chapter 11 bankruptcy projection on June 28, 2020. According to the press release provided by Chesapeake, the company “entered into a Restructuring Support Agreement (‘RSA’) with 100% of the lenders under its revolving credit facility, holders of approximately 87% of the …
On June 14, 2020, Extraction Oil & Gas (XOG) announced that the company filed for Chapter 11 to relieve its debt burden of nearly $1.5 billion. The company has obtained $125 million in debtor-in-possession financing facility underwritten by Wells Fargo and has entered into a restructuring support agreement with certain unsecured noteholders in a debt-for-equity …
On May 11, 2020, Freedom Oil and Gas filed for Chapter 11 bankruptcy in Houston, Texas. According to the Houston Chronicle, the company said it was unable to pay its more than $10 million of debt as revenues have plunged during the global coronavirus pandemic. A full reserve report and economic results for Freedom’s assets …
FAQS ABOUT LEASING OR SELLING SOLAR RESOURCES Are you collecting as much money as you can for your property? Good chance you’re NOT. In this issue of the LandGate Blog, I want to answer some of the questions we get about solar farms, solar panels and how much you can make by leasing your property …
Houston, Denver | Released May 18, 2020 Oil Shock Presents Profound Buying Opportunity The current oil shock presents a generationally attractive entry point for investors to acquire oil and gas minerals Historically, oil and gas minerals have been a foundational asset for many family fortunes This attractive asset class is increasingly available to more investors …
ARE WIND TURBINES AN OPTION FOR MORE INCOME FROM YOUR LAND? Are you collecting as much money as you can for your property? Good chance you’re NOT. In this issue of the LandGate Blog, I want to answer some of the questions we are getting about wind farms, wind turbines and how much you can …
Hello Brokers, We’ve gotten quite a few inquiries about working with LandGate lately, and we’re happy to report that we have some great opportunities. Even with oil and gas market fluctuations, we’re closing deals daily and making money for our clients and brokers. We’re an open marketplace for leasing, selling, and buying oil & gas mineral rights …