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Oil report

FACTBOX-Oil slump claims more than 20 N.American public producers

April 1 (Reuters) - A 65 percent fall in global crude prices has pushed
more than 50 North American oil and gas producers into bankruptcy since early 2015,
according to a Reuters review of regulatory filings. 
    And more companies are expected to follow suit. Consultant Deloitte says a third of
drillers face bankruptcy risks this year. 
    At least 20 publicly traded companies - holding at least 95,000 boepd in production
as per their last disclosed annual output figures - have filed for bankruptcy
protection since the start of 2015.
    And this production is here to stay by most counts. 
    At the six top producing publicly traded North American oil and gas producers now
in bankruptcy, combined output actually rose by around 7 percent in 2015, to 80,695
barrels of oil equivalent per day (boepd), versus 75,291 boepd in the second quarter of
2014, before oil prices began their sharp decline, according to company filings. 
    
    
 Company name               Bankruptcy  Assets       Liabilities  Period  Daily
                            Filing      (mln)        (mln)                production in
                            Date                                          boepd (as
                                                                          calculated by
                                                                          Reuters)
 Swift Energy Co            12/31/2015       $1,020       $1,350    2014      33,945  
 Magnum Hunter Resource     12/15/2015        1,460        1,120    2014      16,879  
 Corp                                                                                 
 Sabine Oil & Gas Corp      7/15/2015        $2,500        2,900    2015      16,316  *
 Quicksilver Resources Inc  3/17/2015        $1,210       $1,350    2013       8,334  *
 Emerald Oil                3/22/2016       $10-$50    $100-$500    2014       3,549  
 Miller Energy Resources    10/1/2015          $151         $190    2015       3,500  
 Inc                                                                                  
 American Eagle Energy      5/8/2015           $271    $100-$500    2014       2,588  
 Corp                                                                                 
 Saratoga Resources Inc     6/18/2015      $0-$0.05   $100- $500    2014       1,836  
 Waldron Energy Corp        8/14/2015                               2014       1,498  
 BPZ Energy Inc             3/9/2015      $100-$500    $100-$500    2013       1,408  
 Dune Energy Inc            3/8/2015      $100-$500    $100-$500    2013       1,194  *
 Shoreline Energy Corp      4/13/2015             -            -    2014       1,187  
 Ivanhoe Energy Inc         2/20/2015             -            -    2012         850  
 American Standard Energy   8/3/2015       $50-$100     $50-$100    2014         839  
 Corp                                                                                 
 Osage Exploration &        2/3/2016       $10- $50      $10-$50    2014         584  
 Development Inc                                                                      
 Armada Oil Inc             8/31/2015      $1 - $10       $1-$10    2014         156  
 Transcoastal Corp          12/8/2015        $1-$10      $10-$50    2014         141  
 American Natural Energy    8/31/2015             -            -    2013         126  
 Corp                                                                                 
 Escalera Resources Co      11/5/2015     $10 - $50     $10- $50    2014          71  *
 Cubic Energy Inc           12/11/2015   $50 - $100    $100-$500    2014          35  *
                                                                                      
 Total                                                                        95,036  
                                                                                      
 * Daily average production of oil and natural gas liquids (excluding natural gas)    
 as calculated by Reuters                                                             
 

 (Compiled by Amrutha Gayathri in Bengaluru)
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