CDT Roundup: 13 Deals, 13 Firms, 62 Lawyers, $7.43B

Haynes and Boone released its updated report on bankruptcies involving the North American oil and gas industry since the beginning of 2015, and for some parts of the sector, the picture wasn’t exactly pretty.

After the initial wave in the first two years of more than 100 bankruptcy filings, the number decreased substantially in 2017 (to 24 filings) and 2018 (to 28). But after a steep drop in oil prices in the fourth quarter of 2018, there was a sharp increase in the number of filings this past year to 42.