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IEEFA update: Bankruptcies multiply for fracking sector

Aerial view of fracking wells.
Aerial view of fracking wells.

by Kathy Hipple, IEEFA, January 28, 2020


Forty-two companies within the United States that have fracking based portfolios filed for bankruptcy in 2019:

  • In total, the aggregate debt of these companies was $26 billion
  • The fracking sector struggled due to overproduction, gas and oil prices, and increasing debt throughout the past 5 years
  • Moody’s Credit Rating assesses that the fracking industry never recovered from oil price slumps in 2015-2016

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Read more: https://ieefa.org/ieefa-update-bankruptcies-multiply-for-fracking-sector/