Whatever Came Of Bruin's Pre-Packaged Reorganization / Bankruptcy? January 3, 2021

Some housekeeping. To the best of my knowledge I forgot to post this. For the archives. Nothing new here. This is old news. 

Bruin E&P exits bankruptcy ahead of schedule with $230 million exit facility.  Link here. September 3, 2020.

The company got court approval for its prepackaged bankruptcy and is leaving the court with new ownership and new liquidity.  Also, link here:

Bruin E&P Partners has emerged from bankruptcy that allowed the Houston oil and gas company to eliminate most of its debt.

The company, backed by private equity firm ArcLight, eliminated more than $840 million of nearly $1.1 billion of debt from its balance sheet after emerging from Chapter 11 bankruptcy this week. The privately-held company, which is focused on oil and gas production in North Dakota, filed for bankruptcy in July after its lenders reduced the company’s credit line, cutting its lifeline to remain in operation. At the time of its bankruptcy filing, Bruin had $11 million on hand.

Investors were "wiped out."