If you've lived in the Fort Worth area for even a short time, you know that the oil and gas industry has a large presence in the region. And you also probably know that the oil and gas market is subject to significant fluctuations and is often "boom or bust." When it busts, the impact is felt not only by E&P, midstream, and upstream companies, but by countless oil field services providers, land men, and numerous other workers in related industries. Most recently, the Covid-19 pandemic and economic downturn have significantly impacted the oil and gas industry. According to a report by energy industry analyst Rystad Energy, as of mid-June 2020 over 100,000 U.S. jobs have been lost in the oil and gas industries.
If you are one of these people, you are likely having a difficult time just paying your day-to-day bills to keep food on the table. You're doing your best but are likely wracking up substantial credit debt just to keep your life afloat. If your debt becomes overwhelming, contact the Steele Law Firm to discuss a potential bankruptcy. The Steele Law Firm has helped numerous oil and gas industry workers in similar situations and we're here to get you back on your feet until things turn around.
