Since the painful slide in oil and gas prices began in late 2014, many U.S. energy companies have sought financial shelter by filing Chapter 11 bankruptcies.
Among them was Hercules Offshore, Inc. Headquartered in Houston, the company is a publicly traded provider of shallow-water drilling and marine services to the oil and natural gas exploration and production industry globally. On Aug. 13 Hercules and some of its domestic affiliates filed its Chapter 11 bankruptcy case in the U.S. Bankruptcy Court for the District of Delaware. [See "Hercules Offshore Headed Toward Bankruptcy," Texas Lawyer, June 22, 2015.]
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