Miller Energy files for bankruptcy protection

An energy company primarily doing business in Alaska has filed for bankruptcy protection.
The Peninsula Clarion reports Miller Energy Resources Inc. Thursday filed paperwork with the bankruptcy court in Alaska.
Officials cited the decline in oil prices, lower-than-expected drilling production and the withdrawal of a private lender’s promise of $165 million to restructure debt for the filing.
Miller Energy CEO Carl Giesler says they have an agreement with a lien lender which owns most of th