As of January 2015 frackers racked up $25 billion debt in TeXas bankruptcies

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Photo credit needed-possible link here reports that “Many of these energy companies amassed large amounts of debt during the shale boom to rapidly grow their businesses and now face significant challenges in today’s climate of low oil prices” and that Texas accounts for 52% of all North American energy related bankruptcies. Also reported is that south Texas accounts for the majority of the $25 billion debt value. Not surprisingly north Texas (Barnett Shale) is among the second place “loser” in the failed shale Texas loan adventures.

Here is the BizJournal report as sourced by Haynes and Boone LLP list of the 45 failed Texas fracking related upstream and oil field service companies who cannot pay back their loans…..makes you wonder who will plug and abandon these wells especially those now leaking….hmmn our Arlington gas well coordinator ASSured our council people recently that the state will pick up the tab, but the state says they can’t keep up….ouch.


Energy bankruptcies filed in Texas courts in 2016 by month

Company (Texas court filed); debt


Aurora Operating LLC (Southern); $2.35 million

MOG Producing LP (Southern); $4.29 million

Antero Energy Partners LLC (Northern); $25.45 million


Emkey Resources LLC (Northern); $22.35 million

Ginger Oil Co. (Southern); $6.47 million Read more

Argent Energy U.S. Holdings Inc. (Southern); $51.9 million

Primrose La Sara LLC (Southern); $4.3 million

DRM Sales & Supply LLC (Western); $19.18 million


GreenHunter Resources Inc. (Northern); $23.7 million

Universal Well Service Holdings Inc. (Northern); $25.15 million

Wellhead Distributors International (Southern); $31.7 million

RMR Operating LLC (Northern); $3.5 million

ESP Petrochemicals Inc. (Southern); $7.4 million

Wellflex Energy Solutions LLC (Northern); $3.9 million

DJ Oilfield Sevices LLC (Northern); $3.01 million

East African Drilling Ltd. (Southern); $45.35 million

Crossfire Manufacturing LLC (Northern); $653,600

7711 Operating Company LLC (Northern); $532,500


ATK Oilfield Transportation Inc. (Western); $34.9 million

Sanjel Inc. (Western); $1.1 billion

Bluff Creek Production LLC (Western); $7.09 million

Hydrocarb Energy Corp. (Southern); $12.5 million Read more

Aztec Oil & Gas Inc. (Southern); $1.5 million Read more

Energy XXI Ltd. (Southern); $2.75 billion Read more

DiamoNorthern District Tank Rental Inc. (Northern); $8.92 million

Goodrich Petroleum Corp. (Southern); $444.2 million Read more

FPUSA LLC (Eastern); $2.3 million

Paladin Energy Corp. (Northern); $23.48 million

Trinity River Resources LP (Western); $133.8 million

West Texas Poly Pump LLC (Western); $3.7 million

Ultra Petroleum Corp. (Southern); $3.9 billion Read more

Midstates Petroleum Company Inc. (Southern); $2.045 billion Read more


CaNorthern Districtescent Well Service LLC (Western); $0

*Linn Energy LLC (Southern); $5.962 billion Read more

*Berry Petroleum Company LLC (Southern); $1.733 billion

J P S Completion Fluids Inc. (Western); $4.49 million

SandRidge Energy Inc. (Southern); $4.19 billion

Hawk Oilfield Service Inc. (Southern); $1.2 million

Tall City Well Service LP (Western); $14.4 million

Ricochet Energy Inc. (Western); $11.35 million

Armada Water Assets Inc./Wes-Tex Vacuum Service Inc. (Southern); $24.9 million

Mark A. Martinez LLC (Southern); $0

Linc USA GP (Southern); $414.35 million Read more


Tauren Exploration Inc. (Northern); $22 million

Warren Resources Inc. (Southern); $486.3 million Read more

Note: Includes Chapter 7, Chapter 11, Chapter 15 and Canadian cases; only includes upstream and oil field services companies that filed as of June 30.

*Houston-based Linn Energy bought Denver-based Berry Petroleum in 2013 for $4.9 billion.

—Earlier I blogged about these bankrupcties and so read here for more on this topic—


About Kim Triolo Feil

Since TX Statute 253.005 forbids drilling in heavily settled municipalities, I unsuccessfully ran for City Council Seat to try to enforce this. Since Urban Drilling, our drinking water has almost tripled for TTHM's. Before moving to Arlington in 1990, I lived in Norco’s “cancer alley”, a refinery town. It was only after Urban Drilling in Arlington did I start having health effects. After our drill site was established closest to my home, the chronic nosebleeds started. I know there are more canaries here in Arlington having reactions to our industrialized airshed (we have 55-60 padsites of gas wells). Come forward and report to me those having health issues especially if you live to the north/northwest of a drill site so I can map your health effects on this blog. My youtube account is KimFeilGood. FAIR USE NOTICE: THIS SITE MAY CONTAIN COPYRIGHTED MATERIAL THE USE OF WHICH HAS NOT ALWAYS BEEN SPECIFICALLY AUTHORIZED BY THE COPYRIGHT OWNER. MATERIAL FROM DIVERSE AND SOMETIMES TEMPORARY SOURCES IS BEING MADE AVAILABLE IN A PERMANENT UNIFIED MANNER, AS PART OF AN EFFORT TO ADVANCE UNDERSTANDING OF THE SOCIAL JUSTICE ISSUES ASSOCIATED WITH EMINENT DOMAIN AND THE PRIVATIZATION OF PUBLIC INFRASTRUCTURE (AMONG OTHER THINGS). IT IS BELIEVED THAT THIS IS A 'FAIR USE' OF THE INFORMATION AS ALLOWED UNDER SECTION 107 OF THE US COPYRIGHT LAW. IN ACCORDANCE WITH TITLE 17 USC SECTION 107, THE SITE IS MAINTAINED WITHOUT PROFIT FOR THOSE WHO ACCESS IT FOR RESEARCH AND EDUCATIONAL PURPOSES. FOR MORE INFORMATION, SEE: HTTP://WWW.LAW.CORNELL.EDU/ TO USE MATERIAL REPRODUCED ON THIS SITE FOR PURPOSES THAT GO BEYOND 'FAIR USE', PERMISSION IS REQUIRED FROM THE COPYRIGHT OWNER INDICATED WITH A NAME AND INTERNET LINK AT THE END OF EACH ITEM. (NOTE: THE TEXT OF THIS NOTICE WAS ALSO LIFTED FROM CORRIDORNEWS.BLOGSPOT.COM)
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1 Response to As of January 2015 frackers racked up $25 billion debt in TeXas bankruptcies

  1. Robert Lehmert says:

    Nice work. Wonder whose money got vaporized.

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