Shale bankruptcies pile on, Lonestar latest to succumb to weak demand
05.10.2020
MOSCOW (MRC) -- Lonestar Resources US Inc filed for Chapter 11 bankruptcy protection on Thursday, joining a clutch of shale companies that have succumbed to weak crude prices as COVID-19 pandemic crimps fuel demand, said Hydrocarbonprocessing.Lonestar, which operates in Texas' Eagle Ford basin and produced roughly 14,000 barrels of oil equivalent per day, had a total debt of USD546.3 mill