ABIs When Gushers Go Dry The Essentials of Oil & Gas Bankruptcy Explores the Intricacies of Oil and Gas Insolvencies
Alexandria, Va. — As the number of oil and gas company bankruptcies has climbed 170 percent in recent years, bankruptcy and restructuring professionals will want to pick up When Gushers Go Dry: The Essentials of Oil & Gas Bankruptcy, the newest publication in ABI’s Bookstore. 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. Authors Deborah D. Williamson and Meghan E. Bishop of Cox Smith Matthews Inc. (San Antonio) wrote When Gushers Go Dry to give practitioners a better understanding of what happens when an oil, gas or other natural resources company goes bankrupt, presenting in detail the issues that are specific to this highly specialized industry. Perhaps more than any other industry, the U.S. oil and gas 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. Bankruptcy cases involving exploration and production companies raise unique issues, resulting from the interplay among the Bankruptcy Code, federal and state laws, the regulatory structure governing the energy industry, and the political and practical realities of the industry’s significance on national, regional and local levels. When Gushers Go Dry helps practitioners navigate the various intricacies involved during the bankruptcy of an oil, gas or other natural resources company. To pre-order When Gushers Go Dry: The Essentials of Oil & Gas Bankruptcy, please visit the ABI Bookstore. ### ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes more than 13,000 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals, providing a forum for the exchange of ideas and information. For additional conference information, visit http://www.abiworld.org/conferences.html.
Thursday, August 16, 2012