Tuesday, September 15, 2026

SandRidge Energy and Breitburn Energy Partners File for Chapter 11

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

Range Resources to Acquire Memorial Resource Development in $4.4 Billion Transaction

“We believe the returns in Terryville rival the Southern Marcellus”: Jeff Ventura  Range Resources (ticker: RRC), the legacy shale gas developer credited with discovering the Marcellus shale play, announced today that it will acquire all of the outstanding shares of Memorial Resource Development Corp. (ticker: MRD) in an all-stock transaction valued at $4.4 billion. The acquisition by Range of Memorial places the