Denver oil company misses $7.5M loan payment
Another Colorado oil and gas company is facing financial hardship due to the extended price slump for crude oil.
Denver-based Warren Resources has missed a $7.5 million loan payment, the Denver Post reports, and is working with creditors on restructuring its debt. The company, which has holdings in California, Pennsylvania and Wyoming, moved its headquarters from New York to Colorado last year.
Another Colorado oil and gas company is facing financial hardship due to the extended price slump for crude oil.
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Denver-based Warren Resources has missed a $7.5 million loan payment, the Denver Post reports, and is working with creditors on restructuring its debt. The company, which has holdings in California, Pennsylvania and Wyoming, moved its headquarters from New York to Colorado last year.
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