Post Tagged with: "US shale bankruptcies"

Source: Reuters

Shale bankruptcies pile on, Lonestar latest to succumb to weak demand


Lonestar Resources US Inc LONE.O filed for Chapter 11 bankruptcy protection on Thursday, joining a clutch of shale companies that have succumbed to weak crude prices as COVID-19 pandemic crimps fuel demand.

Lonestar, which operates in Texas’ Eagle Ford …

October 1, 2020 - 12:50 pm Bankruptcy, Closing Bell Story‎, Crude Oil News, Energy News
Source: Forbes

Chapter 11 Bankruptcy statistics on U.S. shale patch are not the best barometer to gauge industry’s future


The oil and gas industry’s most recent cyclical downturn, triggered by the Covid-19 global pandemic in March, has yet again invited close scrutiny of the U.S. shale industry. At one point, prior to the turn of events, shale was …