Pacific Energy files for bankruptcy protection
Pacific Energy Resources Ltd. filed for Chapter 11 bankruptcy protection Monday, as the fall in crude oil prices made it difficult for the oil and gas development company to pay its debt.
NY gas driller Norse Energy files for Chapter 11 A debt-laden natural gas drilling company that had counted on tapping the riches of New York's part of the Marcellus Shale filed for Chapter 11 bankruptcy protection Friday while the state's 4-year-old moratorium on hydrofracking remains in place.