Law360, New York (January 23, 2015, 2:15 PM EST) -- The historic slide in global oil prices — currently below $50 a barrel compared to over $100 barrel last summer — has roiled the energy sector, with fallout ranging from stalled oil and gas development to bankruptcy filings. With no imminent signs of a price increase, here are seven ripple effects from the price plunge that energy attorneys are watching closely.
More Distressed Asset Sales
Many oil and gas companies were in a streamlining mode when oil prices were high, looking to shed all but their most lucrative assets. With prices spiraling downward, that sale trend will accelerate as financially distressed...
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