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fracking Fracking operation in Texas. (Photo: Tim Lewis via Wikimedia Commons)

After the price of a barrel of oil took a steep fall this week, many Texas firms continued to gear up for what will likely be a difficult year for their oil and gas clients, further increasing demand for bankruptcy and restructuring lawyers.

The price of a barrel of West Texas Intermediate crude had been slipping off its $61.06 close at year-end 2019, but a price war between Saudi Arabia and Russia last weekend caused the price to plummet and stay in the $30 range this week.

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Brenda Sapino Jeffreys

Senior reporter Brenda Sapino Jeffreys covers the business of law in Texas. Contact her at [email protected] On Twitter: @BrendaSJeffreys

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