Oil and gas service company bankruptcies
22 Jan 2020 The number of oil and gas company bankruptcies in the United States and Oilfield service companies were again hit hard with the number of 6 days ago Expect bankruptcies among highly leveraged U.S. shale-oil producers A concern now for the oil and gas industry is which players can survive a Tetra Technologies Inc. US:TTI, 84.6%, Oilfield Services/Equipment. Apache 23 Jan 2020 The number of oil company bankruptcies rose 50% in 2019 over the A total of 208 oil and gas production companies have filed for bankruptcy between Oilfield service companies were again hit hard with the number of Oil slumps to 2003 lows amid threat of global recession. 18/03/ More than 200 UK and Norwegian oilfield services firms may go bankrupt over virus – Rystad Being logical about oil and gas contracts amid the coronavirus outbreak Chapter 11 bankruptcy has allowed Houston oilfield service company Weatherford gas bankruptcies resulting from the declining oil Oilfield services companies have already begun to knowledgeable oil and gas E&P Company handle the 24 Dec 2019 In over their heads with debt, U.S. shale oil and gas firms are now moving Service reclamation efforts for abandoned oil and gas wells in the With oil and gas drillers filing for bankruptcy at a rising clip in 2019, credit Exploration and production companies, or E&Ps, are producing more oil and gas in North California Resources Corp. and Pioneer Energy Services Corp.," Ratings
Colorado and Louisiana were far behind Texas with 11 filings each, while New York was in fourth place with 10. Canada overall had 18 oil and gas producer bankruptcy filings.
Oil Patch Bankruptcy Monitor, which includes details on oil and gas producers that have filed for bankruptcy since the beginning of 2015 - most recent update: December 31, 2019. Oilfield Services Bankruptcy Tracker , which includes details on oilfield services companies that have filed for bankruptcy since the beginning of 2015 - most recent update: December 31, 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 year ago, according to the energy bankruptcy monitor maintained by the Houston law firm Haynes and Boone. The pace of oil patch bankruptcies is picking up. According to a new count from Houston law firm Haynes & Boone, April saw 11 bankruptcy filings, the most of any month in the past two years. The headline failures that month were Ultra Petroleum , which buckled under $3.9 billion in debt, Roughly 100 North American oil and gas companies have filed for bankruptcy since the start of a two-year oil price rout, and the industry may be only halfway done, according to restructuring specialists. The crude glut has persisted longer than many thought, Bankruptcy filings are flying in the American oil patch. At least 67 U.S. oil and natural gas companies filed for bankruptcy in 2015, according to consulting firm Gavin/Solmonese. That represents a 379% spike from the previous year when oil prices were substantially higher. With oil prices crashing further in recent weeks, The last oil field service company to file for bankruptcy was Basic Energy Services, a Texas-based company with debt of US$1.2 billion and assets worth US$1.1 billion. The company had issued a
16 Feb 2016 About a third of the world's publicly-traded oil companies are at high risk of going oil and natural gas exploration and production companies worldwide. States that filed for bankruptcy last quarter were service providers.
4 days ago The industry's debt position is ominous—oil and gas producers have piled American oil and gas producers filed for bankruptcy, according to the law Oil services companies—particularly those that drill on land—could be 20 Oct 2019 XOP and XES contain too many firms heading for bankruptcy. Most oil and gas companies will go out of business or get bought out. This is an energy services company whose stock is already in a healthy uptrend. 10 Jan 2019 filings by oil and gas producers; the Oilfield Services Bankruptcy services companies; and the Midstream Report, covering midstream
10 Jan 2019 filings by oil and gas producers; the Oilfield Services Bankruptcy services companies; and the Midstream Report, covering midstream
Fitch's global oil & gas sector outlook is stable but the risk of downgrades exists for some companies, particularly in North America and Latin America. Bifurcated
2 Mar 2020 The San Antonio oil field services company said it had reached an In its bankruptcy petition filed Sunday in Houston, Pioneer said it owns as much In its Chapter 11 filing, the company said low oil and gas prices over the
Oil Bankruptcies Are Piling Up Law firm Haynes and Boone recently released its updated Energy Bankruptcy Reports. These reports cover North American oil and gas producers, oilfield services and In over their heads with debt, U.S. shale oil and gas firms are now moving from a boom in fracking to a boom in bankruptcies. This trend of failing finances has the potential for the U.S. public, both at the state and federal levels, to be left on the hook for paying to properly shut down and clean up even more drilling sites. More than 200 oil and gas companies in North America have filed for bankruptcy since 2015, and the list of casualties could continue to climb this year. From 2015 through November of last year, 208 companies filed for bankruptcy, according to a new report from law firm Haynes and Boone. Those filings involved a combined $121.7 billion in debt. A total of 43 oil and gas companies filed for bankruptcy in 2018, mostly E&P companies. Twenty-nine E&P companies went bankrupt in 2018, compared to 12 service firms and two midstream companies. San Antonio oil and gas company enters bankruptcy A San Antonio oil and gas company with operations in California has filed for bankruptcy protection, blaming a dispute with its new lender. All
16 Feb 2016 About a third of the world's publicly-traded oil companies are at high risk of going oil and natural gas exploration and production companies worldwide. States that filed for bankruptcy last quarter were service providers. 14 May 2019 Three years on from a slump in the oil market, prices are back up again and the U.S. has become Yet the pain continues for some companies. 24 Aug 2019 Companies are not generating enough revenue so they can't service their debts, causing distress again.”. 26 Oct 2016 time, declared bankruptcy (see List of 36 Oil & Gas Companies that. companies, and a list of bankruptcies for oilfield services companies.