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A&D - Rockies-focused Southland goes bankrupt, shops portfolio - February 2020
Rockies-focused Southland Royalty Co. is marketing its entire portfolio as part of an in-court restructuring process after filing for Chapter 11 bankruptcy protection on Jan. 27, with PJT Partners assisting in the sales process. According to the court filing, the oil price downturn of the last few years created an extremely challenging environment for the Fort Worth, Texas-based natural gas producer, depressing revenues generated by production activities and reducing the value of its proven......
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