Fieldwood Energy LLC filed for Chapter 11 bankruptcy on Aug. 4, making it the second time for the Houston-based offshore producer to enter bankruptcy in the past two years.

The bankruptcy also follows the departure of Fieldwood’s founder, Matt McCarroll, in early July.

McCarroll had served as president and CEO since Fieldwood’s formation in 2013. The privately held company has the largest footprint of any operator in the shallow continental shelf of the Gulf of Mexico in addition to a portfolio of deepwater assets, according to a Fieldwood release.

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