Oil Patch Bankruptcies Hit $34.3 BillionRupert Hargreaves
The number of oil patch bankruptcies continues to rise, and the number of companies filing for creditor protection is accelerating, that's according to according to law firm Haynes and Boone LP’s May Oil Patch Bankruptcy Monitor.
ValueWalk has followed the trends in Haynes and Boone's Oil Patch Bankruptcy Monitor closely since its inception last year.
Up until April of this year, the number of oil patch bankruptcies was growing steadily but seemed to be manageable. Indeed, between last November and . . .
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