Home / Centerstage / 2016 / march / Week 3 /
Emerald Oil Inc., an oil and gas exploration company, files for bankruptcy protection due to the prolonged period of low oil prices. The Denver-based company and its affiliates seek Chapter 11 protection as a means to restructure their finances. The challenging market conditions have led to a significant number of oil and gas companies resorting to bankruptcy filings, and the trend is anticipated to continue in the current year.
Monday, 21 March, 2016