Are Bankruptcies Healthy For The Tight Oil Sector?

Majed Al Suwailem and Malik Selemankhel
Additional contact information
Malik Selemankhel: King Abdullah Petroleum Studies and Research Center

Discussion Papers from King Abdullah Petroleum Studies and Research Center

Abstract: Between January 2015 and mid-2020, about 69 of the approximately 2,160 small-to-medium independent oil companies operating in the tight oil sector filed for Chapter 11 protection. These filings mostly occurred in 2016 and 2019. A lack of financial discipline and poor financial risk assessment meant that these companies were negatively impacted by the low oil prices in these years. Hence, they declared bankruptcy.

Keywords: Crude oil; Oil; Shale oil (search for similar items in EconPapers)
Pages: 27
Date: 2021-02-14
New Economics Papers: this item is included in nep-ene
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.kapsarc.org/research/publications/are- ... he-tight-oil-sector/ First version, 2021

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:prc:dpaper:ks--2021-dp02

DOI: 10.30573/KS--2021-DP02

Access Statistics for this paper

More papers in Discussion Papers from King Abdullah Petroleum Studies and Research Center Contact information at EDIRC.
Bibliographic data for series maintained by Michael Gaffney ().