Post-Meltdown: Expect Surge Of Shale Bankruptcies, Experts Say
A wounded oil and gas industry enjoys better numbers the day after prices plummeted, but steep debt will likely bring about a wave of M&A, bankruptcies and litigation.
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Joseph Markman manages editing and production for Oil and Gas Investor magazine and all Hart Energy print publications. He joined Hart Energy in 2010 after more than 20 years in the daily newspaper business, most of them with the Houston Chronicle. Markman has also written and edited for Newsday and The Jerusalem Post. At Hart Energy, he served as editor for Stratas Advisors, and senior editor for Midstream Business magazine and the HartEnergy.com website. He earned his bachelor of science degree in journalism from the University of Illinois at Urbana-Champaign.
A wounded oil and gas industry enjoys better numbers the day after prices plummeted, but steep debt will likely bring about a wave of M&A, bankruptcies and litigation.
Oil and gas stocks lead the markets’ plunge, with debt-ridden companies struggling with a commodities crash as well.
Weak prices, overproduction, uncertainty over COVID-19’s impact on the markets and the global economy … it’s a lot of bad news to digest.
Volatile global crude markets weigh down the rest of oil and gas commodities.
Work on storage and export facilities on the water ramped up as 2019 came to a close.
Fourth-quarter 2019 losses were not as severe as expected. EQT’s executives stress free cash flow generation over hikes in production.
As COVID-19 spreads, NGL exports are diverted and warnings sting already-weak prices.
NGL prices rebound despite coronavirus worries.
NGL prices follow as China’s troubles impact global economy.
Permitting, flaring and an anti-fossil fuel movement challenge an industry already struggling to change public perceptions.
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