Over the preceding twelve months alone, our sample of companies hemorrhaged $4.9 billion in negative cash flows. This consistent cash drain will make it difficult for these shale-focused companies to pay down the more than $117 billion in long-term debt that they owe...
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More bankruptcies among oil and gas producers seem all but certain. The oil and gas industry as a whole must repay or refinance nearly $200 billion of maturing debt before 2022, according to S&P Global
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Exactly what one would expect from growth rates of production...9
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