Oasis Petroleum Inc and Lonestar Resources US Inc's bankruptcy filings are the latest in a slew of restructurings that put oil-and-gas producers on track for their biggest year of bankruptcies since the 2016 shale downturn.
Oil and gas producer bankruptcies on track for most since 2016: https://graphics.reuters.com/USA-SHALE/BANKRUPTCY/jznpnlmjepl/chart.png Oasis, which operates in the Bakken formation of North Dakota and Permian in Texas, announced the news on Wednesday. Lonestar said it was going to file for bankruptcy on Thursday.
In the first three quarters of 2019, there were 33 producer bankruptcies, and 22 in the same period in 2018.
.....what?...are you saying, that the Orange Buffoon was not able to safe that industry?....may be he is not the greatest deal maker.....
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