Oil and gas companies – many of them financially distressed – rushed to the capital markets during the first six months of this year. New data compiled by The Texas Lawbook’s Corporate Deal Tracker and Bloomberg News shows that Texas and Oklahoma companies raised an astounding $127 billion through 179 securities and debt offerings.
Then suddenly, it all stopped. The number of debt offerings since July 1 plummeted. This artcle explains why and the impact it will have.