Mass Layoffs While Executives Make Millions and Companies Go Bankrupt. That’s according to oilprice.com While West Texas plunged into chaos, some shale founders were apparently…
Bankruptcies
The Bankruptcies and Job losses for the week
More than 100,000 American oil workers have lost their jobs since the Corona-pandemic slump began, with service companies bearing the brunt. After more than 200…
List of Frac companies in bankruptcy this week
According to wsj BJ Services LLC filed for bankruptcy Monday, attempting to sell parts of the fracking services business and wind down the rest after…
Russia’s unwillingness to lose market share pays off?
For Russia, it’s the unwillingness to lose market share has paid off, but for the U.S? within a month five US oil and gas companies…
When oil prices are this low? Bankruptcies & Mass Layoffs Are Next.
Shaia Hosseinzadeh, founder and managing partner of OnyxPoint Global Management, joins ‘Fast Money Halftime Report’ to discuss the energy market and the risks to U.S….
US shale producers may go bankrupt as Crude tumbles
The shale oil industry’s reliance on bank loans could lead to a wave of bankruptcies if the price of oil doesn’t rebound, Shaia Hosseinzadeh of…