Energy Recap: Rig Count Rises, What's Up In The Bakken, And Some New Energy Bankruptcy Data

| About: Spectra Energy (SE)

Summary

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

In this edition, we highlight articles on Spectra Energy and the latest Bakken news, 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 want to start off with a couple of charts from the most recent Haynes And Boone "Bank Oil Patch Bankruptcy Monitor" report. Hopefully, they will prove useful and informative; please let us know what you think in the comment section below.

Source: Haynes And Boone "Bank Oil Patch Bankruptcy Monitor."

Click to enlarge

Source: Haynes And Boone "Bank Oil Patch Bankruptcy Monitor."

Energy Articles of Note

"Bakken Update: U.S. Well Costs, Production Improve While One Permian Operator Uses 30 Million Pounds Of Proppant" By Michael Filloon

"Is U.S. Crude Production Leveling Off?" By Robert Boslego

"Generate Income With Spectra Energy (NYSE:SE)" By Michael Fitzsimmons

Energy Sector Bankruptcies for the Week Ended Aug. 5, 2016

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

- None this week.

We should also note that on Monday, Aug. 1, Seventy Seven Energy (NYSEMKT:SSE) announced that it has emerged from Chapter 11 bankruptcy.

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

U.S. Oil Rig Count as of Aug. 5, 2016

As per Baker Hughes, the number of active U.S. oil drilling rigs rose again for the sixth straight week.

Click to enlarge

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 by clicking here, 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.