By Mary Holcomb, HartEnergy.com Historically, there has been a disconnect between energy companies and landowners regarding the valuation of land resources. On one hand, landowners do not know what their mineral, solar, wind, and other property rights are worth. They do not have access to the resources required to value their asset, so they are …
On July 26, 2020, Rosehill Resources Inc. (“Rosehill”) filed for Chapter 11 bankruptcy as the company pursued a restructuring plan with its creditors. Rosehill quickly announced on September 8, 2020, that the company emerged from Chapter 11 bankruptcy with a plan to give its creditors control of the company. According to the announcement, “all of …
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 …
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 …
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 …
Navigating the Current Oil & Gas Market With the price of oil somewhere between -$35 and $10/bbl., how was LandGate able to close on the sale of four mineral deals last week? Because Gas is Good. Are you concerned about leasing or selling your minerals in this low oil price environment? If your minerals are …
Shut-in Wells, Bankruptcy, Acts of God & Covid 19 Over here at LandGate we are starting to get calls from mineral owners concerned about the drop in oil prices. Common questions are: I hear that oil companies might start shutting-in wells and not producing them. If this happens, will I still receive royalty checks? If …
What are you doing to position yourself or your company for success in the current environment? In trying times, growth can be achieved by those who challenge antiquated processes. Oil and gas property valuation and the A&D process is perhaps the most out-of-date segment of the entire industry. The time is now to adapt to newer and …
We’ve changed our name to LandGate and added new resources. Our mineral rights work has given us the chance to talk with thousands of landowners around the country, and we’ve heard from many who are looking for more ways to prosper through their property. The marketplace we’ve built has put us in a unique position …