Haynes and Boone. This year, only 20 companies on the continent have declared bankruptcy—there were three times more than that last year. So far, the oil price crash of 2014 has caused 134 oil exploration and production companies to go under so far, but prices have risen above $60 a barrel this year, buying some underperforming companies times to shape up. Oil field services companies still face the brunt of the price bust, with 43 of them declaring bankruptcy this year. Still, that’s an improvement from 71 bankruptcies last year. Haynes and Boone says 310 oil producers, oil field services companies, and midstream firms have gone under since the top of 2015, just months after the initial crash. North American shale oil and gas companies have proven that they can adapt their business model through the lower crude oil prices cycle. Now, American shale producers might have to adjust […]