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Investor pressure for financial discipline could be leaving some E&P companies with nowhere to go but back into bankruptcy.
Houston-based Glendale Energy Ventures formed a $500 million partnership with TPG Sixth Street Partners to acquire nonop oil and gas properties throughout the U.S.
Activist investor Carl Icahn may seek a special meeting to remove and replace board members, according to a lawsuit filed May 30 over Occidental Petroleum's pact to buy Anadarko.