Haynes Boone: Oil Patch Bankruptcy Monitor

An interesting and informative report with a wealth of data.


Haynes and Boone has tracked 128 North American oil and gas producers that have filed for bankruptcy since the beginning of 2015. The details are shown in the attached presentation which also includes a listing of all 128 companies and their debts.

These bankruptcy listing includes Chapter 7 , Chapter 11 , Chapter 15 , and Canadian cases,, involve approximately $ 79 . 3 billion in cumulative secured and unsecured debt.

As of July 31 , 2017, fourteen producers have filed bankruptcy in 2017, representing approximately $ 5 . 1 billion in cumulative secured and unsecured debt .

E&P bankruptcy filings have continued to dwindle over the summer. While five E&P companies with cumulative debt of $77 million filed for bankruptcy in June, there were no E&P company bankruptcy filings during the months of May or July.

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