Texas fracking services provider FTS International Inc. (NYSE: FTSI) filed for Chapter 11 bankruptcy Tuesday, citing slumping oil and gas prices caused by a severe dropoff in demand during the coronavirus pandemic.
Fort Worth-based FTS International listed assets totaling $517.2 million and debts totaling $535.3 million. The company filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas in Houston.
In its Chapter 11 filing, FTS noted between 200 and 999...
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