Another month of US shale bankruptcies

THIS month saw perhaps the biggest wave of bankruptcies and Chapter 11 filings so far in the US shale patch.

Another month of US shale bankruptcies Another month of US shale bankruptcies Another month of US shale bankruptcies Another month of US shale bankruptcies Another month of US shale bankruptcies

 

Yesterday major oil and gas producer Denbury Resources told shareholders it would file for Chapter 11 protection by the end of the week, weighed down by US$2.1 billion of debt.

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