19 Recent Energy Company Bankruptcy Filings Listing $13.1 Billion In Total Debt

[hatrack]

EDIT

A total of 19 energy companies have filed for bankruptcy this year. These 19 new bankruptcies are not the only recent ones in the U.S. industry, though. There were a total of 51 bankruptcy filings from January–May in 2016, 12 in 2017, 18 in 2018, and 18 in 2019. In total, there are around 225 bankruptcy cases across the country in the energy sector that are still pending in federal bankruptcy courts as of May 31, 2020. Among the 19 newer ones are:

Gavilan Resources
Whiting Petroleum
Echo Energy Partners
Ultra Petroleum
Skylar Exploration
Diamond Offshore
Freedom Oil and Gas
Templar Energy

These 19 new filings reflect a debt of $13.1 billion. That’s just from these 19 new cases. Haynes and Boone reported that there have been 13 bankruptcies by oilfield services companies in 2020. These filings showed a total debt of $11.6 billion.

EDIT

https://cleantechnica.com/2020/08/05/covid-19-bankrupts-19-energy-oil-gas-companies/

[Budi]

1. Add to that, the 100,000+ employees out of work.

Good governance would have prepared an alternative jobs plan for the transition.

Entire commnities are dying for lack of preparation, as the march to end Petroleum cheers it's great success.

Oopsie. Sorta forgot about those 100,000 jobs lost & families & communities left with no way to keep from diving off the deep end.

Oh well!