SandRidge Energy Inc said on
Wednesday it had engaged advisers to evaluate options including
a private restructuring or reorganization under Chapter 11.
The company said there was substantial doubt about its
ability to continue as a going concern. (1.usa.gov/1SwIoGL)
A more than 60 percent fall in oil prices since mid-2014 has
eroded cash flows at several oil and gas producers, leaving them
struggling to service debt payments.
(Reporting by Arathy S Nair in Bengaluru; Editing by Saumyadeb
The article SandRidge hires advisers to evaluate options including bankruptcy was originally published at Reuters - US Energy.