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Case Studies
Our professionals have worked with companies and constituents across multiple industries to drive meaningful and lasting change. Each of our case studies summarizes our client's situation, our scope of work, and how the engagement team created value for all constituents.
Heavy Oil Producer
The company is a $24MM exploration and extraction company that produces heavy oil. The company filed for bankruptcy to avoid foreclosure by lenders, who petitioned for the appointment of a Chapter 11 Trustee.
Francis' Drilling Fluids
The $100MM energy services company with over 500 employees and operations in seven states. The company implemented various cost savings initiatives, but cash flow still could not support its debt structure, and the company was unable to make monthly principal and interest payments.
Drilling & Services Company
The company is a $160MM oil and gas drilling and heavy-haul moving company with operations in multiple locations. A drop in oil prices caused a reduction in rig fleet utilization, EBITDA and cash flow, which caused the company to default on its term loan and revolving line of credit.
Oil & Gas
The company had 80 operating wells in the Permian Basin with over $280MM of mechanic's liens filed against it. The company was in bankruptcy and out of compliance with certain bankruptcy filing requirements and faced a trustee motion and other adversarial litigation.
Offshore Services Company
The company was an integrated offshore construction and diving company that serviced the Oil and Gas industry. As a result of sales decline due to industry-wide weakness, the company faced a severe cash flow shortfall and continuing default of its debt covenants.
Organics Management
The company is an owner and operator of composting facilities and anaerobic digesters that accept organic waste from municipalities across North America.
Northstar Offshore Group
The offshore producer of oil and gas filed Chapter 11 as a result of a severe liquidity shortfall and negotiated a DIP facility which allowed for several capital projects designed to increase production and profitability.
Shallow Water Exploration & Production
The company was an exploration and production company with resources in the shallow water of Louisiana and was caught in the downdraft of fall oil prices. Turmoil in the industry limited its feasibility of obtaining new financing as mechanic and other liens were levied on the company.