Breaking Bankruptcy News: Warren Resources, Inc. (Nasdaq: WRES) voluntarily filed for Chapter 11 bankruptcy protection this afternoon in the United States Bankruptcy Court for the Southern District of Texas.
According to its website, the company “is an independent energy company engaged in the acquisition, exploration, development and production of domestic oil and natural gas reserves. Warren’s activities are primarily focused on oil in the Wilmington field in the Los Angeles Basin in California, natural gas in the Marcellus Shale in Pennsylvania, and the Washakie Basin of Wyoming.”
Warren Resources listed assets of $229.7 million against liabilities of $545.2 million, although both are dated as of January 31, 2016.
The company is represented by Andrews Kurth LLP, Jefferies LLC, and Deloitte Transactions and Business Analytics LLP.