27 Jan 2020 A new report shows that oil and gas bankruptcies were again on the rise in 2019. oil and gas producers, oilfield services and midstream bankruptcies as the oil price crash pushed some companies to the breaking point. 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 4 Dec 2019 Energy companies, including producers, midstream, and oilfield services, made huge investments using debt after the oil price boom at the turn of 21 Jan 2020 Houston-based McDermott confirms oilfield service company will file for bankruptcy- oil and gas. Source: Houston Chronicle. In a statement
15 Aug 2019 In the oilfield services industry, there were 10 bankruptcy filings so far Only one pipeline company, Southcross Energy Partners LP, filed for
18 Oct 2019 Haynes and Boone, LLP released a new Oil Patch Bankruptcy data, seven more companies have filed for bankruptcy in the last month or so, Exploration and production companies, or E&Ps, are producing more oil and gas in California Resources Corp. and Pioneer Energy Services Corp.," Ratings 15 Aug 2019 Haynes and Boone, which represents E&P, midstream and oilfield service (OFS) companies, began tracking filings in 2015 following the 2014 9 Nov 2016 Oilfield services companies provide critical roles in the oil and gas industry, from drilling and fracking to well site consulting and specialized 24 Aug 2019 Companies are not generating enough revenue so they can't service their debts, causing distress again.”. 17 Dec 2019 With roots in Texas going back to 1941, Weatherford grew to become the nation's fourth-largest oil field services company but racked up $10 11 Feb 2014 The company, an oilfield service provider, defaulted on a loan in September 2013. The default caused a second default on $250 million of
27 Dec 2019 Oilfield services firms bankruptcy filings in 2019 have totaled $7.8 of debt. That's a stark increase from 2018, but it's almost entirely due to the
17 Jan 2020 Bankruptcy-related debt among oilfield services companies that rely on revenue from frackers, also doubled in 2019 compared to 2018. 18 Dec 2019 “There will be bankruptcies and consolidation. Once the fourth-largest oil services company, Weatherford emerged from bankruptcy on Friday
