A US judge overseeing the bankruptcy of Linn Energy said he is prepared to confirm its restructuring plan but with slight tweaks.
Paragon Offshore is said to be evaluating its options after a US judge rejected the offshore rig contractor's plan to exit bankruptcy.
Paragon Offshore Plc’s reorganization proposal is so unrealistic that the oil-rig company will run out of cash in less than three years, dissident lenders said at the opening of a bankruptcy court hearing.
Drilling contractor Hercules Offshore has filed for bankruptcy, just six months after emerging from its first bankruptcy.
Hercules Offshore is to file for bankruptcy for a second time, just six months after the rig contractor emerged from bankruptcy protection.
SandRidge Energy is the latest firm to seek financial refuge by filing for Chapter 11 bankruptcy.
Magnum Hunter Resources has emerged from its Chapter 11 bankruptcy filing.
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.
US oil and gas explorer Energy XXI has filed for bankruptcy protection after spending $5billion on acquisitions in the years leading up to the crude slump.
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.