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Tag Archives: oil field services

Oklahoma City energy company files for bankruptcy protection

OKLAHOMA CITY (AP) — An Oklahoma City-based oil-field services company has filed for Chapter 11 bankruptcy protection as it aims to eliminate more than $1 billion in debt. Seventy Seven Energy Inc. announced Tuesday that it filed for bankruptcy protection in federal court in Delaware. The company, which was spun off in 2014 from Chesapeake Energy Corp., says it expects ...

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Legend Oil seeks to acquire Bakken transport service company

Legend Oil and Gas Ltd., an oil and gas company that focuses on midcontinent production, recently issued a letter of intent to acquire North Dakota-based Maxxon Energy for $4.35 million, according to The Bakken Magazine. Maxxon was created in 2012 and provides transport services for various companies operating in the Bakken. Despite the proposed acquisition, Legend reports that it will ...

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