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Oil below $40 forces Texas driller into bankruptcy

Oil below $40 forces Texas driller into bankruptcy

A Fort Worth oil company became the 18th driller in Texas to succumb to the oil slump. Energy & Exploration Partners announced that it filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code in order to deleverage its balance sheet and achieve a viable capital structure for building long-term value. The company said capital markets have closed ...

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