United States exploration and production (E&P) companies are vulnerable to the often volatile oil and gas market. Between 2015 and June 30, 2020, 109 Texas based E&P companies filed for bankruptcy.
The coronavirus pandemic has had a catastrophic impact on the world's oil and gas industry, with the United States oil industry being hit very hard as well. Declining consumer demand and high levels of production output resulted in dwindling storage capacities, ultimately causing the price of crude oil to fall to negative prices for the first time in history. This relatively recent development has resulted in an increase in E&P company bankruptcy filings.
Number of exploration and production (E&P) company bankruptcy filings in the United States from 2015 to June 2020 by state
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Haynes and Boone. (June 30, 2020). Number of exploration and production (E&P) company bankruptcy filings in the United States from 2015 to June 2020 by state [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1134295/us-upstream-oil-company-bankruptcy-filings-by-state/
Haynes and Boone. "Number of exploration and production (E&P) company bankruptcy filings in the United States from 2015 to June 2020 by state." Chart. June 30, 2020. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1134295/us-upstream-oil-company-bankruptcy-filings-by-state/
Haynes and Boone. (2020). Number of exploration and production (E&P) company bankruptcy filings in the United States from 2015 to June 2020 by state. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1134295/us-upstream-oil-company-bankruptcy-filings-by-state/
Haynes and Boone. "Number of Exploration and Production (E&p) Company Bankruptcy Filings in The United States from 2015 to June 2020 by State." Statista, Statista Inc., 30 Jun 2020, https://www.statista.com/statistics/1134295/us-upstream-oil-company-bankruptcy-filings-by-state/
Haynes and Boone, Number of exploration and production (E&P) company bankruptcy filings in the United States from 2015 to June 2020 by state Statista, https://www.statista.com/statistics/1134295/us-upstream-oil-company-bankruptcy-filings-by-state/ (last visited December 30, 2024)
Number of exploration and production (E&P) company bankruptcy filings in the United States from 2015 to June 2020 by state [Graph], Haynes and Boone, June 30, 2020. [Online]. Available: https://www.statista.com/statistics/1134295/us-upstream-oil-company-bankruptcy-filings-by-state/
