SD is likely going into bankruptcy, maybe not this year, but in 2016. Look at its bond prices, and the lenders very well may pull back on the revolver. Samson and other debt laden O & E's are going to have their revolvers lowered...that's BK in waiting.
Anyone (I just finally found a reference) read about Paul Weiss being engaged by WLT management? Seems to coincide with the sub $1 collapse.