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  • TheStreet.com7 months ago

    Sandridge and Magnum Hunter: When Energy Names Go Bust

    The former was delisted on Friday while the latter is seeking to exit bankruptcy protection.

  • American City Business Journals7 months ago

    ‘Zombie’ oil producer Magnum Hunter files Chapter 11

    Irving-based oil and gas producer Magnum Hunter Resources and its affiliates filed for Chapter 11 bankruptcy protection Tuesday, becoming one of the biggest energy companies to file this year. Magnum Hunter plans to execute a debt-reduction plan as the continuing plunge in oil prices has depleted the company's cash. The company will convert its funded debt into equity, significantly reducing its more than $1 billion in debt, according to a company statement.