Oil Patch Bankruptcy Monitor
Download the Haynes and Boone Oil Patch Bankruptcy Monitor here.
Dozens of North American oil and gas producers have been forced into Chapter 11 bankruptcy so far this year involving about $13 billion in cumulative secured and unsecured debt. Industry and economic indicators suggest more producer bankruptcy filings will occur before the end of 2015. With the slump in commodity prices persisting into this fall, the lawyers of Haynes and Boone’s Energy and Bankruptcy Practice Groups are closely following recent industry developments.