New York Times | Paragon Offshore Is Latest of About 60 Oil Firms to File for Bankruptcy New York Times Over the last 16 months, about 60 oil and gas companies have filed for bankruptcy as commodity prices slide, and that figure is expected to double in the coming months if prices remain low. All told, analysts say as much as a third of the sprawling oil ... Offshore oil rig operator Paragon files for chapter 11 |