Oil driller Chaparral files for bankruptcy protection – Houston Chronicle
Chaparral Energy Inc. has filed for bankruptcy for the second time in four years, paving the way for bondholders to take control of the Oklahoma driller in the wake of weak oil prices.
The company has filed a Chapter 11 claim in U.S. bankruptcy court in Delaware as it seeks to restructure its balance sheet and raise new funds. Nearly 80% of senior lenders and bondholders gave their support to a…
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