Reuters: Oil Company Restructuring Plans Unravel as Prices Plunge

Reuters reported that troubled energy producers that have sought court protection this year have discovered asset values have evaporated or that a structuring plan has unraveled as commodity prices plunge.

Bloomberg: Samson CEO Resigns Amid Bankruptcy Setbacks

Bloomberg reported that Samson Resources chief executive officer Randy Limbacher will resign in the middle of the company’s bankruptcy case.

KKR’s Samson Resources Files Reorganization Plan

Samson Resources announced that after gaining support for its proposed restructuring plan, it has taken the next step on by filing for Chapter 11 bankruptcy protection.

Lenders Trim Samson Credit Line

Samson Resources’s lenders reportedly are trimming how much the troubled energy company can borrow in exchange for more leniency on how much debt it can carry.