US Oil Bankruptcies Up 2,650% As Pain Continues – ValueWalk Premium
oil rig

US Oil Bankruptcies Up 2,650% As Pain Continues

It seems that from an observer’s point of view, the US onshore oil bust that began back in 2014 is starting to come to an end. As oil prices have ticked steadily higher over the past six months, companies have started to spend on well development once again, and the number of active rigs operating is increasing but oil bankruptcies are still high ..... to say the least.

The US active land rig count climbed 28 rigs to 824 rigs the week ended April 14,

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