Oil Patch Bankruptcies Are Just Getting Started

North American Oil Patch Bankruptcies Are Just Getting Started At the beginning of May, I covered the latest edition of law firm Haynes and Boone LP’s May Oil Patch Bankruptcy Monitor, which showed that April was a bloodbath for struggling oil companies and their creditors. 18 North American oil and gas producers filed for Chapter 11 during April according to the report, listing $14.9 billion in debt, more than any other month since the beginning of 2015. Oil Bankruptcies Hit $34.3 Billion April was a bad month for the US oil and gas industry but May is currently looking like it could be even worse….