Warren Resources Lawyers Lay Out Plans to Exit Bankruptcy Proceedings

“Lawyers who put oil and gas producer Warren Resources Inc. into bankruptcy proceedings laid out plans at a Friday court hearing for the company to get a fresh financial start. The Houston-based company said its executives have negotiated a $20 million bankruptcy loan so it can continue pulling natural gas from underground deposits in Pennsylvania and crude oil from the Los Angeles basin for Phillips 66 Co.’s refinery in Carson, Calif. Warren also drills for gas in Wyoming…”  http://www.wsj.com/articles/warren-resources-lawyers-lay-out-plans-to-exit-bankruptcy-proceedings-1464992995 

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