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North American E&P company number of bankruptcy filings Q2 2015-Q3 2020

The ongoing coronavirus pandemic has had a catastrophic impact on the world's oil and gas industry, with the United States oil industry being hit very hard as well. Declining consumer demand and high levels of production output resulted in dwindling storage capacities, ultimately causing the price of crude oil to fall to negative prices for the first time in history. North American exploration and production (E&P) companies were understandably hit hard by these events, with 36 E&P companies having filed for bankruptcy as of August 2020.

Number of exploration and production (E&P) company bankruptcy filings in North America from Q2 2015 to Q3 2020

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Source

Release date

August 2020

Region

North America

Survey time period

Q2 2015 to Q3 2020

Supplementary notes

* As of August 31.

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