The number of oil and gas company bankruptcies in the United States and Canada rose 50% in 2019 over the previous year, and is likely to increase as a slide in energy prices continues to shake producers Dallas law firm Haynes and Boone said in a report released on Wednesday. U.S. and Canadian oil and natural gas exploration and production company bankruptcies totaled 42 in 2019, up from 28 in 2018, the law firm said. The increase seems likely to continue, said Buddy Clark, partner at Haynes and Boone. “I think the trend line should be moving up in the first half of 2020,” Clark said. A total of 208 oil and gas production companies have filed for bankruptcy between 2015 and 2019, according to the report. “This increase […]