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A&D - Market volatility contributes to recent uptick in bankruptcy sales - June 2020
Even before the oil price collapse in early March, market volatility contributed to an uptick in bankruptcies and associated Section 363 asset sales. As low oil prices hammer companies’ bottom lines, such companies as Southland Royalty, Gavilan Resources, Freedom Oil & Gas, Yuma Energy and Templar Energy have either already struck deals or launched sales processes for their assets. They are not alone. In February, EdgeMarc Energy Holdings, which went bankrupt in May 2019,......
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