Gauging the pressure: The state of distressed debt and bankruptcies in US oil & gas

14 November 2016

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As 2016 comes to a close, many players in the US oil & gas industry stand at a crossroads. The price of oil has hovered around US$50 a barrel, yet it remains far below the level seen from 2010 to 2014, forcing companies to make tough strategic decisions. What does the future hold in the distressed oil & gas space?
 
Debtwire, on behalf of Cortland Capital, interviewed two experts to gain an understanding of the trends and issues within the distressed landscape of oil and gas.
 
Key questions answered include:
 
  • Will companies continue to use distressed debt exchanges as a strategy to avoid Chapter 11 filings?
  • Which segments of the oil & gas business are most at risk of distress at this point in the cycle?
  • Will some distressed investors be tempted to bid up oil & gas bonds now, in the fear that they could miss the boat if prices go up?