Thursday, July 30, 2020

Bruin E&P Files For Bankruptcy -- July 30, 2020

Somehow I missed this one -- a reader alerted me to it.

From The Houston Chronicle, July 20, 2020:
Bruin E&P Partners, a Houston oil and gas company backed by private equity firm ArcLight, has filed for bankruptcy protection, another casualty of the coronavirus-driven oil crash.
The energy company filed for Chapter 11 bankruptcy Thursday in federal court in Houston.
The privately-held company, which is focused on oil and gas production in North Dakota, said it was forced to file for bankruptcy after its lenders reduced the company’s credit line, causing the company to be overdrawn by more than $170 million.
The reader sent the following, thank you, very much:

Bruin, as an operator, milestones (tracked here):

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