The number of oil patch bankruptcies in 2018 was up slightly from 2017, a new report said, but it still doesn’t rival bankruptcy activity from the years before that.
A total of 29 oil patch companies filed for bankruptcy in 2018, following 24 in 2017, according to Haynes and Boone’s Energy Bankruptcy Reports. The related legal work has continued to go to big Texas firms, but an increasing number of out-of-state firms are getting in on the action as well.
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