The financial stresses that drove more than 150 energy producers to file for bankruptcy in the aftermath of the 2014-2016 oil slump may be building again amid uncertainty over whether oil prices will recover from their recent sharp drop, according to the Haynes & Boone law firm.
A 40 percent drop in oil prices from October through December “may portend rougher times ahead” for exploration and production companies, according to Haynes & Boone’s latest report on bankruptcies of North American energy producers.
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