The first company of shale oil in the US went bankrupt

The American company WBH Energy shale oil and gas filed for bankruptcy amid a sharp decline in world prices for “black gold“.

Application for Chapter 11 of US law on bankruptcy was filed this week. WBH Energy, based in the US state of Texas, was the debt in the amount of $ 50 million as a result of the fall in crude oil prices in recent months, said the TV channel NHK.

The case of the WBH Energy reinforces fears that falling worldwide oil prices could force more firms to leave this business.

9 January 2015

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