Oil Rigs The bankruptcy wave that’s been washing through the U.S. oil and gas industry is far from over, according to a fresh report by debt specialists at Debtwire. But there is some good news, as well, for a change: the speed of this wave is slowing down, which means the number of companies troubled deeply enough to file for bankruptcy protection is on the wane. Debtwire estimates that at least 135 E&Ps are at a high risk of going under. The list includes Comstock Resources with a debt load of $1.2 billion, W&T Offshore with debts of $1.4 billion, EXCO Resources, which owes its creditors $1.2 billion, and Chesapeake Energy with $14 billion outstanding. This, however, is a decline on Debtwire’s January list of companies at risk, when there were 180 E&Ps on it. On the one hand, this could be seen as good news, interpreted as a […]