Oil and Gas Firm Vanguard Back In Bankruptcy

Blaming volatility in the oil and gas markets, Vanguard Natural Resources has returned to bankruptcy for the second time in two years, according to 10/12 Industry Report.

The exploration and production company, which counts reserves in the Gulf Coast basin of Louisiana among its assets, voluntarily filed for Chapter 11 bankruptcy April 1 in the Southern District of Texas, Houston Division as it works to restructure $882 million in debt.