Paul Hastings is advising Houston-based oil and gas explorer Vanguard Natural Resources LLC on its bankruptcy filing in Houston. Vanguard is the latest U.S. energy company to begin Chapter 11 proceedings within the past year.
February 02, 2017 at 06:35 PM
1 minute read
The hard times continue for the energy sector as Houston-based oil and natural gas company Vanguard Natural Resources LLC became the latest casualty of falling commodities prices.
Vanguard filed for Chapter 11 protection in Houston on Thursday. Paul Hastings, a longtime legal adviser to the company, is advising the debtor in its bankruptcy case. In its filing, Vanguard lists assets and liabilities each of between $1 billion to $10 billion.
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