Endeavour Intl Files for Bankruptcy, Blames North Sea Projects

Since 2011 MDN has covered the story of driller Endeavour International’s aborted attempt to buy 50,000 Marcellus Shale acres from SM Energy. Five months after signing the deal, Endeavour pulled out of the deal (see Endeavour Leaves SM Energy at the Altar, SM Ready to Sue). Two and a half years of litigation later, the two sides finally settled (see Endeavour & SM Energy Settle Lawsuit over PA Marcellus Properties). Although Endeavour has no active drilling program in the Marcellus/Utica, they do still have acreage under lease in the Marcellus. Last Friday, with plenty of excuses (seems to be their standard operating procedure), Endeavour filed for bankruptcy protection and their stock has been suspended on the NYSE…

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