Shares of oil-and-gas companies fell alongside oil prices amid trepidation about the long-awaited Organization of the Petroleum Exporting Countries meeting in Doha. In another sign that lower oil prices are squeezing the industry, Houston-based shale-oil producer Goodrich Petroleum filed for bankruptcy. Another company feeling the pinch, British offshore driller Ensco, said it would sell a follow-on offering of 50 million shares to raise funds for general corporate purposes. Ensco's projection of a quarterly revenue decline wasn't as steep as investors had expected.

-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

April 15, 2016 16:26 ET (20:26 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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