First US shale producer files for Chapter 11 bankruptcy as oil prices hover at $20

REUTERS, April 1, 2020 – Shale producer Whiting Petroleum Corp (WLL.N) said on Wednesday it filed for Chapter 11 bankruptcy, the first major casualty of a free fall in crude prices to $20 a barrel. Whiting’s fall from grace comes at a time when the coronavirus pandemic and an oil price war between Russia and … Continue reading First US shale producer files for Chapter 11 bankruptcy as oil prices hover at $20