Emerald Oil Inc. filed for chapter 11 protection yesterday, a month after the oil explorer and producer warned that it could go bankrupt as it remained in default with creditors, Reuters reported. The Denver, Colo.-based company joins a string of energy-related firms to seek court protection from creditors after oil prices plummeted since mid-2014. Emerald listed assets in the range of $10 million to $50 million, and liabilities of between $100 million and $500 million. Read more.
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