US fracking stalls as drillers head for bankruptcy

US frackers are being pushed to the brink of bankruptcy by the low oil price, according to new data from energy analysts at Haynes and Boone. Forty two firms went bust in 2015 as industry debt topped $17 billion and the Baker Hughes rig count fell by more than 60%. Experts have warned further bankruptcies … Continue reading US fracking stalls as drillers head for bankruptcy