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Saturday, May 25, 2024 | Back issues
Courthouse News Service Courthouse News Service

Oil Bankruptcy

Denver-based Bonanza Creek Energy on Wednesday became the latest of dozens of oil and gas companies to file for Chapter 11 bankruptcy; its share price sank by nearly half, to $1.01 before markets opened Friday.

WILMINGTON, Del. – Denver-based Bonanza Creek Energy on Wednesday became the latest of dozens of oil and gas companies to file for Chapter 11 bankruptcy; its share price sank by nearly half, to $1.01 before markets opened Friday.

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