19 Oil Companies in Bankruptcy

The fall in crude oil prices in 2014-2015 has resulted is a loss of cash flow for U.S. oil producers of $30 billion in 2015. The net debt for U.S. producers has increased from $81 billion in 2010 to $169 billion for 2015. Nineteen oil and gas companies have filed for bankruptcy in 2015, and analysts with Forbes estimate that smaller companies including Swift Energy (SFY), Energy XXI (EXXI), Halcon Resources (HK), and Goodrich Petroleum (GDP) may follow suit.