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United States: Key Considerations When Buying Distressed Oil & Gas Assets - Shearman & Sterling LLP

Mondaq Friday, 23 October 2020
The oil and gas industry is facing unprecedent challenges following the price decreases and market unrest caused by the COVID-19 pandemic and more than 20 oil and gas producers have filed for bankruptcy already this year.
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Video Credit: Market News Video - Published
News video: Thursday Sector Leaders: Oil & Gas Exploration & Production, Banking & Savings

Thursday Sector Leaders: Oil & Gas Exploration & Production, Banking & Savings 01:08

In trading on Thursday, oil & gas exploration & production shares were relative leaders, up on the day by about 3.5%. Leading the group were shares of Contango Oil & Gas, up about 11.6% and shares of Goodrich Petroleum up about 8% on the day.

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