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Oil and gas price weakness has resulted in 45 E&Ps filing for Chapter 11 in the US since early 2015. For many of these companies, the writing was on the wall – assets and /or business models were structurally flawed or the timing and magnitude of spend catastrophic. More E&Ps will go bankrupt in 2016, including some larger players. But we do not expect the phenomenon to be widespread. Nor do we anticipate a material impact on US production. In this report we investigate the impact of bankruptcies so far; assess the financial health of the US E&P sector and provide a primer on the Chapter 11 process.
What's included?
This report includes 2 file(s)
Surviving the cycle E&P Financial Health and the impact of Bankruptcies April 2016.pdf PDF - 1.11 MB
Surviving the cycle E&P Financial Health and the impact of Bankruptcies April 2016.xls XLS - 485.00 KB
Description
This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.
This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.
Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.
Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...
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Insight | May 2016
Surviving the cycle: E&P financial health and the impact of bankruptcies
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