The U.S. Securities and Exchange Commission is investigating the Houston oil and gas company Alta Mesa Resources for potential fraud amid admitted failures in its financial reporting, the company said Friday in a regulatory filing.
A Haynes and Boone study shows that North American oil and gas bankruptcies fell to just 43 filings in 2018, down from 70 in the prior year. The Houston Chronicle’s Jordan Blum explains.
Houston-based Parker Drilling said Wednesday it’s filing for bankruptcy and losing its listing on the New York Stock Exchange. The financially hobbled onshore drilling contractor has struggled mightily since the