Edition: Global Global Select Region
Email: Passwd: or sign up free
One News Page
One News Page > Markets > Green Field Energy Services Files for Bankruptcy Protection
Breaking News: Mortgae Crisis Settlement: Bank Of America To Pay $16.5B, Largest Single-Company Settlement Ever With The SEC
Open news article

Green Field Energy Services Files for Bankruptcy Protection

Tuesday, 29 October 2013

On Sunday, Green Field Energy Services, the first ever company to run its hydraulic fracturing equipment on natural gas, filed for bankruptcy protection after failing to pay monthly instalments on two of its loans.Last month Green Field defaulted on its $80 million loan from Royal Dutch Shell, and this month it defaulted on a $250 million loan from Wilmington Trust. In total Green Field has managed to rack up at least $404 million in debt.Green Field owns a 50% stake in Turbine Power Technology, which adapts old Chinook military helicopter engines…

Share on FacebookShare on Twitter Comment

You Might Like

Other recent news in Markets

CHINA Manufacturing Drags on Asia, but Europe UpAutomatic Fare Collection (AFC) Machine Industry RESEARCH Reports on Global and China Markets
Sears Posts Loss for 9th Straight Quarter as SALES SlipDOJ Announces Record $16.7 Billion Mortgage Settlement With BANK OF AMERICA: Live Feed
Bank of AMERICA's $17 Billion Settlement Won't Cost It $17 BillionFAMILY DOLLAR Rejects Dollar General's $8.95 Billion Bid
U.K. July RETAIL Sales Rise Less Than ForecastRUSSIA Shuts Moscow McDonalds Due To "Sanitary Breaches"
FTSE LIVE: Yellen and Draghi head to central banker shindig at JACKSON HOLEDOLLAR GENERAL questions motives of Family Dollar CEO in takeover



Load Comments

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2014 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
One News Page - Top Headlines RSS Feed RSS  |  News for my Website  |  Free news search widget  |  Advertise  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |  One News Page on Facebook LIKE us on Facebook  One News Page on Twitter FOLLOW us on Twitter  One News Page on Google+ FIND us on Google+