Shale bankruptcies pile on, Lonestar latest to succumb to weak demand

Shale bankruptcies pile on, Lonestar latest to succumb to weak demand
WESPECH PTE LTD
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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

Full article at mrcplast.com

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