‘Shale-ionaires' Suffering from Wave of Bankrupt Oil Drillers - Bloomberg Business

``There have been at least a dozen bankruptcy filings in recent months, and more than a dozen have defaulted on bond payments or warned investors of challenging times ahead, according to data compiled by Bloomberg... "We're seeing highly-levered companies, with high break-even cost requirements, with little ability to generate cash and little access to liquidity," Castellano said. "I don't believe we are near the end of this."''