• Focus Area -
  • Type Conference paper
  • Date 9 December 2021
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Abstract

Between January 2015 and early 2021, about 76 of the approximately 2,160 small-to-medium independent companies in the tight oil sector filed for Chapter 11 protection. These filings mostly occurred in 2016 and 2019. These companies were negatively impacted by the low oil prices in these years owing to their lack of financial discipline and poor financial risk assessments. As a result, they declared bankruptcy.

 

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Authors

Majed A. Al Suwailem

Research Fellow Majed is a Research Fellow at KAPSARC with a focus on energy security, geopolitics, and hydrocarbon laws and regulations. He…

Majed is a Research Fellow at KAPSARC with a focus on energy security, geopolitics, and hydrocarbon laws and regulations. He has more than 15 years of experience in the oil and gas industry in the fields of simulation and modeling, asset management, reserves estimation, oil field development, disruptive technologies, and business planning, gained at Chevron and Saudi Aramco.

Majed holds a B.S. degree in petroleum engineering from the University of Tulsa in the United States, along with two M.S. degrees in petroleum engineering, and reservoir geosciences and engineering, respectively, from Texas A&M University and the Institut Francais du Petrole (IFP School). In 2021, Majed earned his Master of Science degree in public economics and policy from Purdue University.

Expertise

  • Energy Security
  • Geopolitics
  • Hydrocarbon Laws and Regulations

Publications See all Majed A. Al Suwailem’s publications

Is the Shale Oil “Rush” Over?

Is the Shale Oil “Rush” Over?

Between January 2015 and early 2021, about 76 of the approximately 2,160 small-to-medium independent companies…

20th November 2023
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