90 oil and gas operators with more than $60 billion in debt have already filed for bankruptcy: here’s what it’s like
Depressed oil prices that are unable to support heavy debt loads have pushed 90 oil and gas companies into Chapter 11 since the beginning to of 2015, according to the Haynes and Boone Bankruptcy Monitor. These companies have approximately $66.5 billion in total defaulted debt.

The oilfield service sector has also been feeling the squeeze of lower prices, with 80 service companies declaring bankruptcy with a total debt default...


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