List of 218 O&G Companies Declaring Bankruptcy Since 2015

Bankruptcy

In November 2015 MDN brought you a list of 36 North America drillers that had, as of that time, declared bankruptcy (see List of 36 Oil & Gas Companies that Filed for Bankruptcy in 2015). In April, just three short months ago, the list stood at 59 bankruptcies (see List of 59 Oil & Gas Companies Filing for Bankruptcy in 2015/2016). The law firm compiling the list, Haynes and Boone, continued updating the list. In June it showed the list growing to 85 declared bankruptcies (see List of 85 Bankrupt O&G Companies Since 2015; 4 in Marc/Utica). The list was updated again just last week, and it now stands at 105 bankruptcies for E&Ps (drillers). We have the new list below. However, that single list doesn’t really tell the whole story. Until now we not noticed or highlighted two other lists also published by Haynes and Boone: a list of bankruptcies for midstream (pipeline) companies, and a list of bankruptcies for oilfield services companies. When you total all three lists, it shows 218 companies in the o&g industry that have, since the beginning of 2015, declared bankruptcy. We have all three lists below…

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