Friday, 15 July 2016

Energy Recap: Oil Rig Count Up Again

Every Friday, Seeking Alpha provides a roundup of insightful opinion and analysis articles in the energy sector.

In this edition, we highlight articles on Transocean and Blueknight Energy Partners, as well as ask for your take on what's happening in the energy sector.

If you'd like to contribute to the energy conversation on Seeking Alpha, you can leave a comment below or submit your own article.

Welcome to the latest edition of the Energy Recap. This week, we saw Atlas Resource Partners (NYSE:ARP) take a step toward Chapter 11 while Seventy Seven Energy (NYSE:SSE) said it's getting ready to exit bankruptcy.

Energy Articles of Note

"Underfollowed High-Dividend Energy Preferred Stock Yields 9% With Bond-Like Risk" By Value Digger

"Transocean (NYSE:RIG): Bond Pricing Signals Other Drillers Won't Follow" By Vladimir Zernov

"Bakken Update: Rig Counts Tell Us Little, As Horizontal Wells Have Changed How We Predict Future Production" By Michael Filloon

Energy Sector Bankruptcies for the Week Ended July 15, 2016

Here's a list of the most recent bankruptcy announcements in the energy sector:

- None this week.

However, we should note that late last Friday, C&J Energy Services (NYSE:CJES) announced that it "reached a restructuring support agreement with certain lenders ... and plans to begin a reorganization under Chapter 11 of the U.S. Bankruptcy Code on or before July 17."

Feel free to add any that we might have missed in the comments section below.

U.S. Oil Rig Count as of July 15, 2016

As per Baker Hughes, the number of active U.S. oil drilling rigs increased for the sixth time in seven weeks.


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