Another Energy Bust? Nope, It’s the Same One | FTI Consulting

Another Energy Bust?

Nope, It’s the Same One

Corporate Finance & Restructuring | Energy, Power & Products | American Bankruptcy Institute Journal (Reprint)

February 13, 2019

With the 2015-17 depressed energy price cycle closely behind us, it’s hard to imagine we might be entering a new energy downtown. The fact is, we might have never left the previous one. Three years ago, the U.S. energy sector saw the worst slump since the mid-1980s.

With over 300 energy-related Chapter 11 filings and dozens of out-of-court workouts, most hoped we had seen the worst of it. Now, oil production is at an all-time high of 11.6 millions barrels per day and WTI crude unexpectedly fell below $50 in December (its lowest closing price since mid-2017).

In an article for the American Bankruptcy Institute Journal, Michael Eisenband and Chuck Carroll analyze the energy sector, how we got here and where we may be headed.

Posted with permission from the American Bankruptcy Institute Journal. © Copyright 2019.

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