Energy Recap: Now Appearing Weekly

| About: Hercules Offshore (HERO)

Summary

As a result of increased reader interest, beginning today the Seeking Alpha Energy Recap will be published every Friday.

In this edition, we offer the usual roundup of insightful articles, along with two new segments (bankruptcy info and rig count changes) introduced last week.

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 SA Energy Recap. This week, we provide the regular list of interesting articles, as well as a recap of the week's bankruptcies in the energy sector and a quick review of weekly changes in the U.S. oil rig count.

It was another busy week in the energy space, with news of refinery strikes in France and a wave of violence in Nigeria affecting oil production.

Energy Articles of Note

"Why OPEC's Spare Crude Production Capacity Is Almost Irrelevant" By Robert Boslego

"Bakken Update: Oil Hedges In The Wolfcamp And Its Effect On Capping Oil Prices" By Michael Filloon

"Oil Discoveries In 2015: The Lowest Since 1952 Set The Stage For Future Oil Price Spike" By Michael Fitzsimmons

"Will A Looming Minor Credit Covenant Breach Force Tidewater Into Bankruptcy?" By Henrik Alex (Please note that a Pro subscription is required to read the full article.)

Energy Sector Bankruptcies for the Week Ended May 27, 2016

On Friday of this week, Hercules Offshore (NASDAQ:HERO) announced that it had "entered into a restructuring support agreement with its lenders through a pre-packaged Chapter 11 plan."

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

U.S. Oil Rig Count as of May 27, 2016

As per Baker Hughes (NYSE:BHI), the number of active U.S. oil rigs fell again this week.

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Readers, now it's your turn to discuss what's been happening in this sector. Please share your thoughts in the comments below.

As always, we encourage you to submit your own article, if you haven't already done so.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.