Shale Driller Unit Corp. Prepares for Bankruptcy Filing - The Wall Street Journal

Shale driller Unit Corp. is planning to file for bankruptcy in the wake of collapsing crude prices, according to people familiar with the matter.

The Oklahoma-based driller is working with restructuring advisers from Opportune LLP and Vinson & Elkins LLP to prepare the chapter 11 filing, they said.

Representatives of Unit Corp., Opportune...

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Shale Driller Unit Corp. Prepares for Bankruptcy Filing - The Wall Street Journal
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