Back in April, we reported that U.S. oil and gas companies were still filing for bankruptcy at record levels right in the midst of an oil price recovery. Smaller producers were the main victims as a total of eight North American oil and gas producers with an aggregate debt of $1.8B filed for bankruptcy protection in Q1 2021. But it now appears that the massive wave of bankruptcies has finally abated. According to Energy and restructuring law firm Haynes and Boone, just four U.S. exploration and production (E&P) companies filed for Chapter 11…

via OilPrice https://ift.tt/3yYLjT6