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US Bankruptcy Court Approves $220 Million Sale of Alta Mesa Resources
Bayou City Energy and Mach Resources set closing for April 9, a move that an attorney for Alta Mesa creditors slammed as "gamesmanship" for reducing the deal's value by more than $5 million.
Oil Price Collapse Sours $320 Million Deal For Alta Mesa Resources
A court-ordered sale of one-time shale high-flyer Alta Mesa Resources fell through due to a lack of financing on March 9, a day when oil prices and shares of U.S. oil producers plummeted.
Post-Meltdown: Expect Surge Of Shale Bankruptcies, Experts Say
A wounded oil and gas industry enjoys better numbers the day after prices plummeted, but steep debt will likely bring about a wave of M&A, bankruptcies and litigation.