April 30, 2017 4:39 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Titan Energy, LLC

Company Overview

Titan Energy, LLC operates as an independent developer and producer of natural gas, crude oil, and natural gas liquids in the United States. It operates through three segments: Gas and Oil Production, Well Construction and Completion, and Other Partnership Management. The company owns interest in various producing natural gas and oil wells located primarily in the Eagle Ford Shale in south Texas; the Raton Basin in northern New Mexico; the Black Warrior Basin in central Alabama; the Rangely Field in northwest Colorado; the Barnett Shale and Marble Falls in North Texas; the Mississippi Lime and Hunton in northwestern Oklahoma; Niobrara Shale assets in northeastern Colorado; and the Appalachia...

Park Place Corporate Center One

Suite 400

1000 Commerce Drive

Pittsburgh, PA 15275

United States

Founded in 2011

Phone:

800-251-0171

Key Executives for Titan Energy, LLC

Chief Executive Officer and Director
Age: 39
Total Annual Compensation: $495.4K
President
Age: 54
Total Annual Compensation: $375.0K
Executive Chairman
Age: 77
Total Annual Compensation: $689.2K
Chief Financial Officer and Director
Age: 34
Total Annual Compensation: $520.2K
Executive Vice Chairman
Age: 45
Total Annual Compensation: $495.4K
Compensation as of Fiscal Year 2016.

Titan Energy, LLC Key Developments

Titan Energy, LLC Auditor Raises 'Going Concern' Doubt

Titan Energy, LLC filed its 10-K on Apr 17, 2017 for the period ending Dec 31, 2016. In this report its auditor, Grant Thornton, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Titan Energy, LLC announced delayed annual 10-K filing

On 04/03/2017, Titan Energy, LLC announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Titan Energy, LLC and Titan Energy Operating, Llc Announce First Amendment to Third Amended and Restated Credit Agreement

On March 24, 2017, Titan Energy, LLC, its subsidiary, Titan Energy Operating, LLC, as borrower, and certain subsidiary guarantors entered into a First Amendment to the Third Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto. Pursuant to the First Lien Amendment, the deadline for the company's obligation to deliver quarterly financial statements for the three months ended December 31, 2016 was extended from 55 to 100 days after December 31, 2016, and the associated grace period prior to any acceleration for failure to comply was removed. The Borrower, the Parent, the Administrative Agent and the Lenders are parties to that certain Third Amended and Restated Credit Agreement, dated as of September 1, 2016 (the Credit Agreement), pursuant to which the Lenders have, subject to the terms and conditions set therein, made certain credit available to and on behalf of the Borrower.

Similar Private Companies By Industry

Company Name Region
102 Oil Wells in East Texas Field United States
11 Good Energy, Inc. United States
1280 Horizons, LLC United States
1347 Energy Holdings LLC United States
15 Fields in Williston Basin United States

Recent Private Companies Transactions

Type
Date
Target
Bankruptcy
July 27, 2016
--
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Titan Energy, LLC, please visit www.titanenergyllc.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.