A semiannual bank review of credit lines for U.S. oil and natural gas producers may go a long way toward determining whether there will be a shakeout in the industry this year and how extensive it might be.
In a new report, Standard & Poor’s Rating Services said it expects the “borrowing bases” for 45 speculative-grade producers will fall by an average 20%-30% when banks take a fresh look in April, making it difficult for some companies to stay in business. (Read More)
