worth-billions
As U.S. shale sinks, pipeline fight sends woes downstream
February 22, 2016 by publisher · Leave a Comment
By Tom Hals WILMINGTON, Del. (Reuters) – Within weeks, two low-profile legal disputes may determine whether an unprecedented wave of bankruptcies expected to hit U.S. oil and gas producers this year will imperil the $500 billion pipeline sector as well. In the two court fights, U.S. energy producers are trying to use Chapter 11 bankruptcy protection to shed long-term contracts with the pipeline operators that gather and process shale gas before it is delivered to consumer markets. The attempts to shed the contracts by Sabine …
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As U.S. shale sinks, pipeline fight sends woes downstream