What Happened to Rosehill Resources?
Return
0.0%
Current Price
$0
Peak Price
â
Trust Size
$659M
Summary
Rosehill Resources was a Houston-based oil and gas company with assets in the Permian Basin of West Texas. The company went public via SPAC merger with Rosehill Resources Inc (the blank check company) in 2017. It filed for Chapter 11 bankruptcy in July 2020 during the COVID oil price crash.
What Happened
Rosehill Resources went public via SPAC in 2017, acquiring Permian Basin oil assets. The company was hit hard by the COVID-19 pandemic and the 2020 oil price crash that briefly sent crude to negative prices. Rosehill filed for Chapter 11 in July 2020 and emerged as a private company in September 2020, just 69 days later. Stockholders lost all equity.
Timeline
2016-02-05
S-1 Registration Filed
2017-04-12
Merger Proxy Filed (DEFM14A)
2020-08-18
Last SEC Filing