PetroQuest Energy, Inc.

  1. March 12, 2025

    PetroQuest Wants To Sell $8M Judgment In Ch. 11

    Bankrupt oil and gas company PetroQuest Energy has asked a Delaware bankruptcy judge to approve bidding procedures to sell its rights to an $8 million judgment in its favor against Sanare Energy Partners, hoping the proceeds will hold it over after a $20.6 million asset sale fell through.

  2. February 03, 2025

    PetroQuest Gets OK For $20.6M Texas Oilfield Sale

    A Delaware bankruptcy judge on Monday approved the $20.6 million sale of PetroQuest Energy's East Texas oilfields, more than two years after a failed attempt to sell those fields sparked a lawsuit that helped land the company in Chapter 11.

  3. December 16, 2024

    Judge Kills Infowars Sale, BigLaw Firms Duck Suit

    A Texas court blocked an attempt from satirical news outlet The Onion to buy conspiracy theorist Alex Jones' radio show, and a racketeering suit against Jackson Walker LLP and Kirkland & Ellis LLP over allegations they profited from former bankruptcy Judge David R. Jones' romantic relationship with a member of the bankruptcy bar was dismissed. 

  4. December 13, 2024

    Bankrupt Texas Oil Co. Gets OK For January Asset Auction

    A Delaware bankruptcy judge has entered an order setting up the sale of the Texas oilfields owned by bankrupt oil and gas producer PetroQuest Energy Inc. before the end of next month.

  5. December 06, 2024

    Under The Radar: Bankruptcy News You May Have Missed

    A Texas oil and gas driller is seeking permission to sell its oilfields, while the U.S. Trustee's Office is looking to shut another oil producer's yearslong Chapter 11 down, and creditors of a bankrupt medical implant maker are alleging the debtor's bankruptcy financing and sale plans are a way for its private equity sponsor to weasel out of product liability claims.

  6. November 19, 2024

    Catching Up With New Bankruptcy Case Action

    Spirit Airlines filed for Chapter 11 bankruptcy, citing $3.6 billion in funded debt and unveiling a preapproved restructuring plan to convert $795 million of debt into equity. Dormify, Cosmed Group and PetroQuest Energy also sought bankruptcy protection, largely due to litigation-related challenges. Meanwhile, companies like Swedish debt collector Intrum and heat sealing equipment manufacturer SWC Industries blamed their financial struggles on rising interest rates, inflation, and broader macroeconomic pressures.

  7. November 15, 2024

    PetroQuest Gets Interim OK To Tap $847K In Del. Ch. 11

    A Delaware bankruptcy judge Friday granted interim permission for oil and gas company PetroQuest Energy Inc. to access $847,500 of new money financing from its lenders as it plans to sell its assets in East Texas.

  8. November 14, 2024

    Louisiana Oil Field Co. Hits Ch. 11 Again With $115M Debt

    PetroQuest Energy Inc., an oil and gas exploration company, filed for bankruptcy in Delaware reporting $115.5 million in debt with plans to sell its Texas operations five years after it exited Chapter 11 in 2019.