Pacific Exploration & Production Corporation

Event Publicly Available Information:

Pacific Exploration & Production Corp. (f/k/a Pacific Rubiales Energy Corp.) missed interest payments on the payment date of Jan 19, 2016 on its 5.625% SENIOR NOTES DUE 2025.
Bloomberg article
Nasdaq article
Article regarding Company change of name.

Press Release 1 - February 19, 2016

Press Release 2 - February 19, 2016


Deliverable Obligations:	Final List Submission of Potential Deliverable Obligations and Challenges

Auction Timeline:	Common Event Determination Date: Monday, March 7, 2016 Auction Date: Wednesday, April 6, 2016 Auction Settlement Date: Monday, April 11, 2016

Auction Settlement Terms	Final Auction Settlement Terms for Pacific Exploration & Production Corporation Blackline against Abengoa S.A. Blackline against Alpha Appalachia Holdings, Inc.

List of Participating Bidders	List of Participating Bidders

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Additional Information

Issue Number:

2016030701

Submitted by:

General Interest Question

Category:

Credit Event

Coverage Election:

2014 Definitions

Status:

Closed

Outcome:

Question Decided
Procedural History
- Closed
  
  4/29/2016 02:05pm EDT
- List of Participating Bidders Published
  
  List of Participating Bidders
  4/04/2016 05:10pm EDT
- Final Auction Terms Published
  
  DC Decision 04012016
  Final Auction Settlement Terms for Pacific Exploration & Production Corporation
  4/01/2016 11:30am EDT
- Final List Published
  
  Final List
  3/28/2016 05:00pm EDT
- Supplemental List Published
  
  Supplemental List
  3/23/2016 05:05pm EDT
- Initial List Published
  
  DC Decision 03212016
  March 21, 2016: The DC met on Monday, March 21, 2016, to continue discussions on the Pacific Exploration & Production Corporation CDS Auction. The DC agreed to publish an Initial List and details of the Auction.
  3/21/2016 05:10pm EDT
- Ongoing
  
  March 17, 2016: The DC met on Thursday, March 17, 2016, to continue discussions on the Pacific Exploration & Production Corporation CDS Auction. The DC agreed to reconvene on Monday, March 21, 2016, to continue discussions regarding the Auction.
  3/17/2016 04:25pm EDT
- Ongoing
  
  DC Decision 03162016
  March 16, 2016: The Americas DC voted to hold an Auction with respect to Pacific Exploration & Production Corporation. The DC agreed to reconvene on Thursday March 17 to continue discussion on the Auction terms.
  3/16/2016 05:40pm EDT
- Ongoing
  
  March 15, 2016: The DC met on Tuesday March 15, 2016 to discuss whether to hold an Auction with respect to the Pacific Exploration & Production Corporation Credit Event. The DC agreed to reconvene on Wednesday March 16, 2016 to continue discussions.
  3/15/2016 04:25pm EDT
- Ongoing
  
  DC Decision 03112016
  March 11, 2016: The Americas DC consulted the offering documents of the 2025 bond indenture and noted the grace period expired on February 18, 2016. The Americas DC then resolved that a Failure to Pay Credit Event had occurred on February 18, 2016 with respect to Pacific Exploration & Production Corporation. The DC agreed to reconvene on Tuesday, March 15, 2016, to discuss whether to hold an auction.
  3/11/2016 11:50am EST
- Ongoing
  
  DC Decision 03102016
  March 10, 2016: The DC convened to discuss if a Failure to Pay Credit Event had occurred with respect to Pacific Exploration & Production Corporation. The DC agreed to reconvene on Friday, March 11, to continue discussion.
  3/10/2016 12:05pm EST
- Request Accepted by DC
  
  3/09/2016 02:50pm EST
- Pending DC Consent
  
  3/07/2016 02:25pm EST