Moody's downgrades HighPoint's PDR to D-PD on bankruptcy filing
Rating Action: Moody's downgrades HighPoint's PDR to D-PD on bankruptcy filing. Global Credit Research- 15 Mar 2021. New York, March 15, 2021-- Moody's Investors Service, downgraded HighPoint Operating Corporation's Probability of Default Rating to D-PD from C-PD.High Peak Royalties Ltd. High Peak Royalties Limited is engaged in acquisition of royalty and exploration interests in oil and gas assets predominately in Australia and the United States. The Company has royalties on approximately 23 oil and gas projects, including two royalty areas that are in production, located in Australia and the United States. Its portfolio of royalty interests includes PL 171 and ATP 574P; ATP 299P, including the petroleum leases PL29, PL38, PL39, PL52, PL57, PL95, PL169, PL170, PL293, PL294, PL295 and PL298; Pet Gas Field (PL101); Surprise Oil Field (PL6); Longtom Gas Field (VIC/L29 and VIC/P54); WA-314P; WA-315P; EP115NM; PEL512; WA-482-P; EP156, and East Texas, Permian and Texas Gulf Coast Basins in the United States. Its royalty portfolio has access to projects in main oil and gas basins in Australia. Its portfolio spans producing royalties, potential development royalties and exploration royalties.
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