IEEFA update: Bankruptcies multiply for fracking sector

by Kathy Hipple, IEEFA, January 28, 2020

Highlights

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/

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Nina Turner

Nina is a graduate of the Energy Management and Design program at Sonoma State University. She has experience in non-profits that specialize in sustainability and volunteerism. Nina is currently the Energy Program Coordinator and produces the bi-weekly Clean Power Exchange newsletter.

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