Gardere Partner John P. Melko authored the article, “Bankruptcies in Oil and Gas on the Upswing” for the Oil & Gas Financial Journal. In the article, Mr. Melko analyzes the expectation gap in the M&A market  while providing examples of Chapter 11 oil and gas company filings, and the factors that drove them into bankruptcy.

According to Mr. Melko, “Early casualties of a distressed industry are those that are thinly capitalized, overleveraged or who came late to the party and paid too much to enter. This cycle is no different.”

The full article can be accessed here.