On January 30, 2017, Azure Midstream Partners LP (AZUR) announced that they, along with its affiliates and certain subsidiaries, began Chapter 11 cases in the United States Bankruptcy Court for the Southern District of Texas.  This was in efforts to manage its debt obligations and conserve its going concern value. The company also anticipates filing a […]

Soreide Law Group is currently investigating clients’ claims which involve the sale of the stock in the privately owned Brazilian energy company Odebrecht Óleo e Gás S.A. (Odebrecht Oil & Gas), which is a subsidiary of the Brazilian construction and chemical company, Odebrecht Organization. Odebrecht is one of the largest conglomerates in Latin America, owning […]

Could Vanguard Natural Resources LLC (VNR) be the next energy company to declare bankruptcy? 52wk Range: 0.46 - 8.46 Vanguard Natural Resources LLC (VNR) has had a tough 52-week period, as Vanguard's stock price has plunged from this time last year, when it was $8.94 per share. Vanguard announced recently that it would delay a […]

With dozens of oil and energy companies filing for bankruptcy, this is a very hard time for all oil and energy companies. Chesapeake Energy Corp (CHK)is yet another energy company facing huge problems. With the high supply, mixed with poor global economic conditions which are now leading to low demand, the price of oil is […]

Atlas Resource Partners, L.P. (ARP)  has filed for Chapter 11 bankruptcy, Wednesday, July 27, 2016, after negotiating a plan to eliminate $900 million of debt off its books which will reduce interest expenses by $80 million. This restructuring will reduce the oil and gas producer’s debt, but could leave its investors with a hefty tax […]

Nearly 80 energy-related companies have filed for bankruptcy since 2015 due to the plummeting prices of crude oil.  Soreide Law Group continues to hear from a growing list of investors whose brokers recommended a high-concentration of risky oil and gas stocks for their conservative portfolios causing devastating losses to their, in many cases, retirement portfolios. […]

Soreide Law Group in interested in speaking with investors who were recommended purchasing stock in the now bankrupt oil and gas company, Cubic Energy Inc., by their brokers or financial advisors, particularly those with Wells Fargo. Due to the fact that Cubic Energy Inc. was highly indebted to Wells Fargo, it has been alleged that […]

Soreide Law Group has filed several lawsuits on behalf of our clients against broker/dealers for recommending Energy XXI.  On April 14, 2016, Energy XXI filed for bankruptcy protection, which makes it one of the largest casualties of the oil and gas industry to date. Energy XXI Ltd. is a U.S. oil and gas producer which […]

Soreide Law Group is currently handling cases involving clients who purchased Azure Midstream Partners (AZUR) and have experienced devastating losses. 52wk Range: 1.06 - 23.29 Azure Midstream Partners (AZUR) announced financial and operating results for the three months ending December 31, 2015.  Azure had a net loss of ($1.8) million for the quarter. The President and CEO, […]