Bankruptcy

SandRidge Energy Inc. and Breitburn Energy Partners LP both filed for restructuring under Chapter 11 Monday, adding to a growing list of oil and gas bankruptcies induced by the commodity price rout.

SandRidge Energy Inc. and Breitburn Energy Partners LP both filed for restructuring under Chapter 11 Monday, adding to a growing list of oil and gas bankruptcies induced by the commodity price rout.

Five months after it voluntarily filed for Chapter 11 protection, Magnum Hunter Resources Corp. has emerged from bankruptcy with new leadership after having ousting the former CEO and founder Gary Evans.

Five months after it voluntarily filed for Chapter 11 protection, Magnum Hunter Resources Corp. has emerged from bankruptcy with new leadership after having ousting the former CEO and founder Gary Evans.

Onshore independent Chaparral Energy Inc., whose primary exploration focus is the Mississippian Lime and Oklahoma’s stacked reservoirs, has filed for bankruptcy protection and is talking with creditors to reach an exchange agreement to reduce bondholder debt by about $1.2 billion.

Onshore independent Chaparral Energy Inc., whose primary exploration focus is the Mississippian Lime and Oklahoma’s stacked reservoirs, has filed for bankruptcy protection and is talking with creditors to reach an exchange agreement to reduce bondholder debt by about $1.2 billion.

Continuing low commodity prices and a combined $5.8 billion in debt have forced two independent exploration and production companies (E&P) with holdings in several shale plays, Midstates Petroleum Co. Inc. and Ultra Petroleum Corp., to voluntarily file separate motions for bankruptcy protection.

Continuing low commodity prices and a combined $5.8 billion in debt have forced two independent exploration and production companies (E&P) with holdings in several shale plays, Midstates Petroleum Co. Inc. and Ultra Petroleum Corp., to voluntarily file separate motions for bankruptcy protection.

Less than four months after voluntarily filing for bankruptcy protection, Swift Energy Co. emerged from Chapter 11 on Monday and closed on a new $320 million senior secured credit facility, while also forming a joint venture (JV) and closing on the sale of some conventional oil assets in central Louisiana.