List of 59 Oil & Gas Companies Filing for Bankruptcy in 2015/2016

Last November 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). The law firm compiling the list, Haynes and Boone, is back with an updated version. Since that time more have fallen to low commodity prices for oil and gas. There are now 59 drillers who have declared bankruptcy–42 last year and (so far) 17 in 2016. Fortunately, the only Marcellus/Utica name we spot on the list is Magnum Hunter Resources, which filed for bankruptcy back in December (see Sad Day: Magnum Hunter Files for Chapter 11 Bankruptcy). Here’s the latest edition of Haynes and Boone’s “Oil Patch Bankruptcy Monitor”…

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