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A Texas-based oil and gas company files for bankruptcy

 


OKLAHOMA CITY (AP) — Texas oil and gas company Sable Permian Resources has recently filed for bankruptcy.

Sable Permian Resources filed for Chapter 11 bankruptcy protection last week in federal bankruptcy court in Houston, according to a news release.

Permian Resources was once part of American Energy Partners, a company founded by Aubrey McClendon in 2013, The Oklahoman reported Tuesday. American Energy announced it would close in 2016, splitting up operations into separate companies, including Permian Resources. In 2017, it became Sable after the company reached a $1 billion deal with...



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