http://www.bloomberg.com/news/articles/2016-02-25/biggest-wave-yet-of-u-s-oil-defaults-looms-as-bust-intensifies
Energy XXI Ltd. and SandRidge Energy Inc., oil and gas drillers with a
combined $7.6 billion of debt, didn’t pay interest on their bonds last
week. They have until the middle of next month to either pay the
interest, work out a deal with their creditors or face a default that
could tip them into bankruptcy.
If
the two companies fail in March, it would be the biggest cluster of oil
and gas defaults in a month since energy prices plunged in early 2015.
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