Two More Oil Companies Enter Chapter 11

[wsj-responsive-image P="//art.wsj.net/api/photos/38086058/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/38086058/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/38086058/smartcrop?height=853&width=1280" credit="Associated Press" placement="Inline" suppressEnlarge="false" ]

Ultra Petroleum and Midstates Petroleum, two publicly traded oil companies, separately filed for bankruptcy with more than $5.8 billion in in combined debts. The Wall Street Journal has the Daily Bankruptcy Review article here.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

Energy Future Holdings Corp. filed a new bankruptcy plan that gives NextEra Enegry Inc. or other investors room to try to buy Oncor, DBR reports in WSJ.

The company behind ‘American Idol,’ Core Entertainment Inc., won approval to tap lenders’ cash but is still trying to secure a bankruptcy loan, DBR reports in WSJ.

According to WSJ, Puerto Rico’s Government Development Bank won’t make most of its $422 million debt payment due Monday.

(And don’t forget to check out what is happening in bankruptcy this week.)

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa