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W Marc Schwartz On Bankruptcies In The Energy Sector

Cheap oil and heavy debt loads have driven three Houston energy companies to file for Chapter 11 bankruptcy protection since the start of March.


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The low price of oil has triggered a wave of bankruptcies among small and midsized energy firms. Houston alone has had three file for Chapter 11 protection this month — Cal Dive International, BPZ Resources, and Dune Energy. W. Marc Schwartz is managing director of HSSK, a firm that advises companies going through bankruptcy. He joins Andrew Schneider on the Bauer Business Focus.

Schwartz on the mic

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Andrew Schneider

Andrew Schneider

Politics and Government Reporter

Andrew heads Houston Public Media's coverage of national, state, and local elections. He also reports on major policy issues before the Texas Legislature and county and city governments across Greater Houston. Before taking up his current post, Andrew spent five years as Houston Public Media's business reporter, covering the oil...

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