$38 billion in bonds coming due 2020-2023
The commodity price downturn caused a wave of bankruptcies in 2015 and 2016, as companies attempted to adjust to “lower for longer” oil prices. However, there may yet be another round of restructuring, according to a Bloomberg Intelligence briefing today.

There is a significant amount of debt coming due in upcoming years, which will need to either be refinanced or paid down. The 20 largest independent E&P companies have a combined $23 billion in credit line commitments scheduled to expire in 201...

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