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Global Bankruptcy Filings by Oil and Gas Companies - Bankruptcy Filings Garner Momentum in 2016

Global Bankruptcy Filings by Oil and Gas Companies - Bankruptcy Filings Garner Momentum in 2016

  • August 2016
  • 106 pages
  • ID: 4090208
  • Format: PDF
  • GlobalData

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Global Bankruptcy Filings by Oil and Gas Companies - Bankruptcy Filings Garner Momentum in 2016

Summary
Globally more than 100 companies related to the oil and gas sector have filed for bankruptcy; during the Q4 2014 to Q2 2016 period. Companies with a total market capitalization of US$1.1 Billion have filed for bankruptcy. Q2 2016 had the highest market capitalization of US$506 Million, followed by US$489.9 Million in Q4 2015.

Q2 2016 had the highest number of bankruptcy filings with 30, followed by Q3 2015 and Q1 2016, with 26 and 21, respectively. May 2016 had the highest number of company bankruptcy filings (15) during the Q4 2014 to Q2 2016 period. August 2015 and April 2016 had the next-highest bankruptcy filings with 14 and 11, respectively. The highest number of bankruptcies (93) was filed by companies with headquarters in the US. Canada and Norway witnessed 12 and five bankruptcy filings, respectively.

In 2016, bankruptcy filings have gained momentum when compared with the previous year mainly due to persistent low crude prices. The highest number of bankruptcies was filed by companies with headquarters in the US. The month of May in Q2 2016 witnessed the highest number of companies filing for bankruptcy than any other month in the analysis period. Among sectors, upstream had the most number of bankruptcies filed over the Q2 2014 to Q2 2016 period.

The top three companies in terms of market capitalization to file for bankruptcy during Q4 2014 to Q2 2016 are OW Bunker A/S (US$477.2 Million), Ultra Petroleum Corp. (US$265.4 Million) and Pacific Exploration & Production Corporation (US$153.7 Million).

The report “Global Bankruptcy Filings by Oil and Gas Companies - Bankruptcy Filings Garner Momentum in 2016” is a comprehensive analysis provides monthly count of companies filing for bankruptcy in each quarter by headquarter country and sector.
Furthermore, it also highlights List of assets owned by companies filing bankruptcy, where available and helps to develop business strategies with the help of specific insights about companies filing for bankruptcy in the oil and gas industry.

Companies mentioned in this report: Triangle USA Petroleum Corporation, Maxus Energy Corporation, Tauren Exploration, Inc., Warren Resources, Inc., Linc Energy Limited, Linc USA GP, Intervention Energy Holdings LLC, Denver Parent Corporation, Ricochet Energy, Inc., BreitBurn Energy Partners L.P., Connacher Oil and Gas Limited, Sandridge Energy, Inc., Penn Virginia Corporation, Berry Petroleum Company, LLC, Linn Energy, LLC, Chaparral Energy, Inc., Aurora Gas, LLC, Calera Gas, LLC, Ultra Petroleum Corp., Midstates Petroleum Company, Inc.

Scope
- Monthly count of companies filing for bankruptcy in each quarter by headquarter country and sector
- Market capitalization of companies filed for bankruptcy in each quarter by month
- List of assets owned by companies filing bankruptcy, where available
- News briefs of companies filed for bankruptcy, where available

Reasons to buy
- Obtain most up to date details of the companies that have filed for bankruptcy during Q4 2014 to Q2 2016
- Facilitate decision making on the basis of the latest bankruptcy data
- Develop business strategies with the help of specific insights about companies filing for bankruptcy in the oil and gas industry
- Be informed about recent bankruptcy filings by companies in the oil and gas industry

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