Law360, New York (March 16, 2015, 6:14 PM EDT) -- The growing wave of oil company bankruptcies due to depressed oil prices could help kick-start deal activity within the sector, though experts warn that assets that aren’t viable in a low-price environment may end up being stranded rather than changing hands.
U.S. oil prices have remained below $50 a barrel, plunging more than 50 percent since last summer and putting the financial squeeze on oil and gas firms, especially in the upstream and oil field services sectors. Recently, some of those companies have started waving the white flag.
Last week, Texas oil and gas producers Dune Energy Inc. and BPZ Resources...
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