Gardere Partner John P. Melko authored the article, “Bankruptcies in Oil and Gas on the Upswing” for the Oil & Gas Financial Journal. In the article, Mr. Melko analyzes the expectation gap in the M&A market while providing examples of Chapter 11 oil and gas company filings, and the factors that drove them into bankruptcy.
According to Mr. Melko, “Early casualties of a distressed industry are those that are thinly capitalized, overleveraged or who came late to the party and paid too much to enter. This cycle is no different.”
