U.S. oil and gas producer EP Energy Corporation is the latest in a number of energy companies who have filed for bankruptcy this year. U.S. oil and gas producer EP Energy Corporation has filed for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of Texas. The announcement comes on the heels of numerous U.S. E&P companies filing bankruptcy this year . “This process will allow us to pursue a significant reduction of our debt in order to enhance EP Energy’s long-term competitive position. Our business operations are expected to continue without interruption throughout this process, during which we will continue making improvements to our operational execution and capital efficiency,” EP Energy CEO Russell Parker said in a company statement. “The decision to undertake this financial restructuring follows a comprehensive review by a special committee of independent members of EP Energy’s Board of Directors as well […]