In 2018, approximately 40 companies in the oil and gas industry filed bankruptcy in the United States, including companies engaged in exploration and production, oilfield services, and midstream services.
USA, Energy & Natural Resources, Insolvency & Restructuring, Litigation, Haynes and Boone LLP, Title 11 of the US Code
Two’s company when it comes to debt funding. Surely, three makes things a little crowded? It doesn’t have to be that way.