Three oil and gas companies reached deals with creditors to quickly slash hundreds of millions of dollars of debt in chapter 11 so they will be ready when energy prices recover.
Houston-based oil-well servicer Key Energy Services Inc.
filed for chapter 11 protection Monday, and Basic Energy Services Inc.
of Fort Worth, also an oil-well servicer, said it would do so by Tuesday.
Meanwhile, oil and gas producer Stone Energy Corp.
said continuing …
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