Whew. Dodged a bullet–this year. Haynes and Boone, LLP is an international corporate law firm with offices in Texas, New York, California, Colorado, Washington, D.C., Shanghai and Mexico City. Their HQ is in Texas. The firm has a sizable Bankruptcy and Energy practices. Unfortunately those two practices are increasingly becoming one, and the firm says they’re adding lawyers to the Bankruptcy practice. Last week Haynes and Boone issued their very first Oil Patch Bankruptcy Monitor (full copy below), a report that details the rising tide of 2015 exploration and production company Chapter 11 filings. The report lists 36 bankruptcies in 2015 totaling about $13 billion in cumulative secured and unsecured debt. With fear and trepidation we reviewed the list–and found that none of the companies listed have major, nor even minor, operations in the Marcellus/Utica. However, that may not remain the case…
