Bruin E&P emerges from Chapter 11

Bruin E&P Partners LLC, Houston, and its subsidiaries have emerged from Chapter 11 having completed the restructuring process (OGJ Online, July 20, 2020). The company emerges with $230 million in revolver capacity. Matt Steele, chief executive officer, said the company looks forward to continuing to operate in the Williston basin.

Bruin emerges with a newly constituted board comprised of Kevin Asarnow, Mark Bisso, Richard J. Doleshek, Mike Wichterich, and Matthew Steele.

Formed in 2015, Bruin acquired operated oil and gas properties in the Williston basin from Halcon Resources Corp. in 2017 for $1.4 billion (OGJ Online, July 17, 2017).