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 of the creditors supported the arrangement.

The Company projects having ample liquidity to fund its ongoing operations and its capital programs throughout the...


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