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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