Houston bankruptcy court sees surge in energy-related filings, could be more to come
Four oil and gas companies have filed high-dollar bankruptcies in the Southern District of Texas in the past two weeks.
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Four oil and gas companies have filed high-dollar bankruptcies in the Southern District of Texas in the past two weeks.
Read MoreThe company has had trouble with low oil prices since 2014, but recent events have made things worse.
Read MoreThe company has already had to cut its headcount recently.
Read MoreThe company has reached agreements with two school districts just south of Houston.
Read MoreThe executives failed to usher the company’s flagship project to a 2019 final investment decision.
Read MoreThe trust is likely to terminate anyway.
Read MoreThe company’s stock price has fallen below the Nasdaq’s minimum threshold.
Read MoreAlong with the dividend cut, Halliburton’s board of directors also will take a 20% cut to annual retainers.
Read MoreIf the company doesn’t get its stock back on a qualifying exchange by the end of the week, it will fall into default on some of its secured debt.
Read MoreThe company is bringing well over $1 billion in debt to the Houston bankruptcy court.
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