Bankruptcies

Shale industry will be rocked by $300 billion in losses and a wave of bankruptcies, Deloitte says

June 22, 2020

CNBC The U.S. shale industry is about to enter a period of “great compression” as low oil prices hammer the sector, according to a Deloitte study released Monday. The firm believes that exploration and production companies could write down the value of their assets by as much as $300 billion as they struggle to breakeven in a lower-for-longer oil price environment.

Chesapeake preps bankruptcy plan to hand control to lenders

June 9, 2020

WorldOil Chesapeake Energy is preparing a potential bankruptcy filing that could hand control of one of the leading lights of the U.S. shale revolution to senior lenders, according to people with knowledge of the matter. The dwindling options for a powerhouse that once rivaled Exxon Mobil for title of king of American natural gas comes after Chief Executive Officer Doug

Lonestar Announces Results for Horned Frog Wells - Oil & Gas 360

Energy Bankruptcies Back on the Rise in 2019

August 15, 2019

From The Houston Chronicle After a recovery from the last oil bust, energy bankruptcies are back on the rise in 2019. The number of oil and gas bankruptcy filings through mid-August has nearly equaled the total tally from 2018, and the aggregate debt from 2019 bankruptcy filings of almost $20 billion has already surpassed the roughly $17 billion from a

Exploration and Production: Which Companies Shall Investors Not Worry About?

February 4, 2016

Pool of companies in Moody’s lowest credit rating grows; but risk of bankruptcy is minimal for a few standouts Continued pressure from low oil prices has prompted Moody’s Investor Service to put 264 companies in its lowest credit rating, just shy of a record high 291 in April 2009. The growing number of companies included in Moody’s lowest credit rating

Shale industry will be rocked by $300 billion in losses and a wave of bankruptcies, Deloitte says

Chesapeake preps bankruptcy plan to hand control to lenders

Energy Bankruptcies Back on the Rise in 2019

Exploration and Production: Which Companies Shall Investors Not Worry About?

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