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Dec

07

Energy & Exploration Partners Joins Drilling Peers in Bankruptcy

By Tony Seruga

Texas company lists debt of up to $10 billion in petition
Driller converts involuntary petition, seeks reorganization

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.

The Fort Worth, Texas oil and gas driller’s federal bankruptcy filings convert an involuntary bankruptcy petition filed Nov. 25 by creditors Baker Hughes Oilfield Operations Inc., Cactus Pipe & Supply and Schlumberger Technology Corp. to a voluntary petition, according to court papers…

Energy & Exploration Partners Joins Drilling Peers in Bankruptcy

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