Saturday, September 5, 2026
As oil bankruptcies surge, vulture investors start their long feast- oil and gas 360

As oil bankruptcies surge, vulture investors start their long feast

Forbes Bankruptcies abound in America’s oilpatch. So far this year 40 oil exploration and production companies have gone under, according to analysis from lawfirm Haynes & Boone, involving $54 billion in debt. The biggest failure so far, with $11.8 billion in debt remains Chesapeake Energy CHK +1.6%. More Chapter 11s are coming, says corporate restructuring attorney Ken Coleman at Allen & Overy, and “that’s