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U.S. Oil & Gas Bankruptcies at Historic Levels


By MarEx 2016-05-04 11:44:00 The rout in crude prices is snowballing into one of the biggest avalanches in the history of corporate America, with 59 oil and gas companies now bankrupt after this week’s filings for creditor protection by Midstates Petroleum and Ultra Petroleum. The number of U.S. energy bankruptcies is closing in on the staggering 68 filings seen during the depths of the telecom bust... Read More ⇒

Energy Level – OSV execs say stacking is best option


Dr. William J. Pike WorkBoat Magazine 4/12/2016 Talk at Marine Money‘s 6th Annual Houston Offshore Finance Forum last week confirmed the distress the workboat industry is experiencing. Todd Hornbeck, chairman, president and CEO of Hornbeck Offshore Services Inc., described an industry that “has not seen the bottom yet” in the Gulf of Mexico. The reason, Hornbeck said, is that oil and gas operators will not cut dividends... Read More ⇒



By Reuters 2016-03-01 14:39:03 Global oil prices appear to have bottomed out and are expected to rise through this year as investment cuts help to reduce a supply glut, a senior analyst at the International Energy Agency said on Tuesday. Benchmark Brent crude futures LCOc1 were up 44 cents at $37.01 a barrel at 1304 GMT, the highest in eight weeks. They hit a more than... Read More ⇒

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