U.S. oil industry bankruptcy wave nears size of telecom bust

04 May 2016, Houston — The rout in crude prices is snowballing into one of the biggest avalanches in the history of corporate America, with 59 oil and gas companies now bankrupt after this week’s filings for creditor protection by Mid-states Petroleum and Ultra Petroleum. The number of U.S. energy bankruptcies is closing in on […] More »