SOURCE: Industrial Info Resources

Industrial Info Resources

December 16, 2015 07:30 ET

Oil & Gas Asset Sales, Bankruptcies Are Expected to Continue in 2016, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Dec 16, 2015) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- The income statements of Oil & Gas Producers took a severe beating in the third quarter, with over $43 billion of write-downs to reflect the reduced value of reserves, according to data compiled by Industrial Info and EnerCom Incorporated (Denver, Colorado), an industry consultancy. The $43 billion is not a comprehensive total, as results from smaller companies and private firms were not included.

Within this article: Includes a list of 10 companies that reported billion-dollar-plus asset impairments in the third quarter and their respective write-downs.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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