Bidness ETC | Sabine Files Bankruptcy in New York as Oil Prices Fall Bloomberg Sabine Oil & Gas Corp., the exploration and production company that merged with Forest Oil Corp. last year, filed for bankruptcy after the price of crude plunged. The company said in a statement that it's discussing a consensual financial restructuring ... Sabine Oil & Gas files for bankruptcy Sabine sixth U.S. producer to seek bankruptcy protection this year Sabine Oil & Gas Voluntarily Files Chapter 11 Petitions to Facilitate Balance ... |