09
Oct
16:06
Eagle Pipe files for Chapter 11 bankruptcy
Houston-based oilfield tubulars distributor Eagle Pipe has filed for Chapter 11 bankruptcy protection, Kallanish learns from the company’s petition.
The bankruptcy was sparked by an order cancellation by Exxon subsidiary XTO Energy in June. XTO previously made up about half of Eagle Pipe’s revenue.
The company’s largest unsecured debt - $5.3 million - is held by Boomerang Tube. Atlas Tube, Weslpun, and Husteel also hold unsecured cla…
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Anonymous
Very good overview of the weekly steel market.
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