Whiting Bankruptcy Shows How Shale Crash Imperils Supply Chain
- Date: 01-Apr-2020
- Source: Bloomberg
- Sector:Oil & Gas
- Country:Middle East
Whiting Bankruptcy Shows How Shale Crash Imperils Supply Chain
Whiting Petroleum Corp.â s bankruptcy shows how pain in the shale patch is reverberating throughout the oil supply chain.. Schlumberger Ltd. and Halliburton Co. , which provide rigs and fracking crews, are listed as the biggest non-bank creditors in Whitingâ s Chapter 11 filing , each with unsecured claims of more than $8 million a piece.. Other creditors include pipeline operators, a trucking company and a wastewater disposal company, among others..