Wednesday, December 09, 2015 9:37:45 AM
On Monday, Energy & Exploration Partners, a Fort Worth oil and gas driller, filed for Chapter 11 protection. In the bankruptcy, it listed debt of more than $1 billion owed to several service companies, including units of Schlumberger and Baker Hughes.
The article also went on to say that these companies can't stop producing and fold up shop because they need to general revenues for debt maintenance. So what we have been reading is true. If these companies can
get rid of their debt by being bought out by someone they would be profitable because they are still productive.
Sounds like Gregg's plan is making it into the NY Times. Sounds like validation to me.
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