The company owed interest on $244.8 million of
A representative for Houston-based Oasis didn’t immediately respond to a request for comment.
Led by Chief Executive Officer
Oasis counted 609 employees in its most recent annual report and listed $2.76 billion of long-term debt in its midyear filing.
Oil and gas bankruptcies have accelerated this year as the coronavirus slows the economy and tamps demand. At least 36 companies have sought Chapter 11 protection in the first three quarters of 2020, according to a report from law firm Haynes and Boone LP. More than 240 producers have filed for bankruptcy since 2015.
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