SandRidge Energy Inc. and master limited partnership Breitburn Energy Partners LP filed for chapter 11 protection today, the latest U.S. oil and gas companies to fall victim to weak oil prices, Reuters reported. SandRidge said in a court filing that it had total assets of $7.01 billion and total debt of $4 billion as of March 31. Breitburn listed assets and liabilities of $1 billion to $10 billion. SandRidge, which has been in talks with creditors on a restructuring deal, said on Wednesday it would not be able to file financial results for the quarter ended March 31 on time.
