Edge Petroleum
fastest growing failures Edge Petroleum
List year: 2006
Rank: 8

Edge Petroleum was founded in 1983 as a crude oil and natural gas exploration, development and production company that was known for making high-risk investments. The strategy didn't carry Edge through the financial crisis.

Shortly after Edge made Fortune's list, its stock value started declining. The company planned to merge with Oklahoma City-based Chaparral Energy in 2008 to save it from extinction, but the deal fell through in 2008, with both companies citing the tough economic environment as reason for the deal's failure. Edge filed for Chapter 11 in 2009, announcing that all of the money from the sale of its assets would go to its creditors.


  @FortuneMagazine - Last updated September 10 2012 05:03 PM ET
Join the Conversation
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.