Another Houston-based upstream energy co. files for Chapter 11 bankruptcy protection

Houston-based Sanchez Energy Corp. (OTC Pink: SNEC) is the latest Houston-based upstream energy company to file for Chapter 11 bankruptcy protection in order to restructure.

Sanchez and 10 affiliated debtors filed voluntary Chapter 11 petitions on Aug. 11. Sanchez Midstream Partners LP (NYSE American: SNMP) — a publicly traded limited partnership focused on the acquisition, development, ownership and operation of midstream and other energy-related assets in North America — was not among the…

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