SandRidge files for Chapter 11 bankruptcy
SandRidge Energy is the latest firm to seek financial refuge by filing for Chapter 11 bankruptcy.
bankruptcy
Oil at $45 a barrel proving no savior as bankruptcies pile up
Three bankruptcies this week shows that $45 a barrel oil isn’t enough to rescue energy companies on the verge of collapse.
SunEdison seeks financing as bankruptcy looms
Solar energy company SunEdison said it hopes to secure financing by pledging assets ahead of expected bankruptcy proceedings.
Goodrich Petroleum files for Chapter 11 for restructuring
Goodrich Petroleum Corp. filed for Chapter 11 in a U.S. bankruptcy court to implement a financial reorganization after struggling to restructure its debt amid declining energy prices.
Chesapeake Energy hires restructuring lawyers
Chesapeake Energy has hired restructuring lawyers and bankruptcy specialists at Kirkland and Ellis as its shares dropped by more than half.
Magnum Hunter files for bankruptcy
A US oil and gas producer has filed for Chapter 11 bankruptcy protection as the low oil price continues. Magnum Hunter said it expects to emerge from bankruptcy in April next year.
Texas drilling company files for bankruptcy
Energy & Exploration Partners Inc. filed for Chapter 11 protection, following several other oil and gas drillers into bankruptcy. In its petition filed Monday, the company listed debt of $1 billion to $10 billion and assets of $500 million to $1 billion.
Hercules Offshore to file for bankruptcy in weeks
Hercules Offshore said it plans to file for creditor protection in the coming weeks in a bid to end the year with a restructured balance sheet. The company has been struggling for a number of months because of an oversupplied rig markets and slumping oil prices that have forced producers to reduce spending.
Sabine Oil and Gas files for bankruptcy
Sabine Oil and Gas has filed for bankruptcy after being hit by the global decline in oil prices. The company said it is currently in discussions with lenders and debt holders regarding a potential financial restructuring plan.