120 - Experts Discuss Oil and Gas Bankruptcies

The latest podcast features ABI Deputy Executive Director Amy Quackenboss speaking with Deborah D. Williamson and Meghan E. Bishop of Cox Smith Matthews Inc. (San Antonio), authors of When Gushers Go Dry: The Essentials of Oil & Gas Bankruptcy, the newest publication in ABI’s Bookstore. Williamson and Bishop discuss how the U.S. oil and gas industry, perhaps more than any other industry, is vulnerable to the effects of myriad internal and external factors, ranging from global credit markets to domestic and foreign geopolitical events, and from technological developments and limitations to population growth and even the weather. There have been 62 oil and gas company bankruptcy filings since 2008, according to BankruptcyData.com, representing a 170 percent increase from the 23 filings between 2002-07.