Pa. Drill Rig Maker Hits Ch. 11, Citing Industry Downturn

By Vince Sullivan (June 24, 2019, 3:45 PM EDT) -- A Pennsylvania drilling rig maker filed for Chapter 11 protection in Delaware on Monday, saying it has been slow to recover from the prolonged downturn in the oil and gas sector that began in 2014, despite company efforts to shift focus to more profitable endeavors....

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