March 06, 2014
Bankrupt oil services company Green Field Energy Services Inc. said Thursday that it would go with a Gordon Brothers Group LLC affiliate's stalking-horse bid and sell some equipment in a deal that would give the debtor $50 million up front and the first $17.5 million of any proceeds afterwards.
February 28, 2014
The creditors committee in oil services company Green Field Energy Services Inc.'s bankruptcy Friday blasted the debtors' request to extend its Chapter 11 plan exclusivity period into the summer, arguing Green Field has thus far pursued an "unusual, high-risk strategy," and proposing to file a plan of its own.
February 19, 2014
A Delaware bankruptcy judge gave the thumbs up Wednesday to oil services company Green Field Energy Services Inc.'s plan to sell some of its equipment for at least $50 million over the objection of the U.S. Trustee's Office, which was concerned the bid procedures would scare off potential suitors.
February 07, 2014
Bankrupt oil services company Green Field Energy Services Inc. asked the Delaware bankruptcy court Friday to approve the sale of some of its equipment, with a unit of Gordon Brothers Group acting as sales agent and guaranteeing a $50 million price.
January 13, 2014
A Delaware bankruptcy judge indicated Monday that he would approve the appointment of an examiner in the bankruptcy case for oil services company Green Field Energy Services Inc., but the details surrounding the position remained uncertain after a hearing on the matter concluded.
January 09, 2014
Bankrupt oil services company Green Field Energy Services Inc. on Thursday slammed a motion by the creditors committee to postpone a hearing on a restructuring support agreement central to its case, arguing any delay could jeopardize the deal and vanish hopes of confirming a Chapter 11 plan.