Oil & Gas Bankruptcy Continues to Climb to $50.4 Billion in August
Three more companies joined the ranks of those that have filed for Chapter 11 bankruptcy protection since the fall in oil prices. The three companies had combined debt of approximately $367 million, bringing the total number of oil and gas producers to file for bankruptcy in 2016 to 58, and a total combined debt of $50.4 billion, according to Haynes and Boone’s Oil Patch Bankruptcy Monitor.

The total number of North American oil and gas producers to file for bankruptcy s...


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