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New Laws, Regulations Complicate Energy Company Chapter 11s

Outcomes May Differ Widely from the 1980s Bust

The oil and gas industry is driven by the price of its commodity, fossil fuels, which varies—sometimes dramatically. Although huge swings in value are rare, the recent 50 percent drop in the price of oil (with some analysts predicting a drop to $20 per barrel), combined with historically low...

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