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Gulf Oil Rig Co. Gets Quick Loan To Stay Afloat In Ch. 11

By Rick Archer (June 17, 2022, 2:02 PM EDT) -- A Texas bankruptcy judge Friday gave the bankrupt owners of a Gulf of Mexico oil rig permission to tap into $23.5 million in Chapter 11 financing after hearing that the cash is needed immediately to keep its currently anchorless and uninsured rig fit for sale....

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