SandRidge Energy and Breitburn Energy Partners became the latest companies to succumb to the market forces and file for Chapter 11 bankruptcy protection on Monday. SandRidge Energy SandRidge reached an agreement with the majority of its lenders and bondholders to swap $3.7 billion in debt for control of the company, and will enter into a pre-arranged restructuring. Roughly two thirds
On April 15, 2016, Goodrich Petroleum announced the company has filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The RSA and the bankruptcy proceeding will allow for the restructuring of the Company’s balance sheet, which will strengthen the company’s financial position by reducing long-term debt and enhancing financial flexibility. Under the terms of the restructuring arrangement, Goodrich
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