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This undated photo provided by law firm Haynes and Boone shows Buddy Clark, co-chairman for the firm's energy practice.   Shale companies were struggling before COVID hit, loading up on debt before prices came crashing down. Law firm Haynes and Boone counted nearly 500 bankruptcies among oil and gas companies since 2015, with 60 so far this year, and 18 filings in July alone.  Clark expects those bankruptcies will accelerate..(Haynes and Boone via AP)

This undated photo provided by law firm Haynes and Boone shows Buddy Clark, co-chairman for the firm's energy practice. Shale companies were struggling before COVID hit, loading up on debt before prices came crashing down. Law firm Haynes and Boone counted nearly 500 bankruptcies among oil and gas companies since 2015, with 60 so far this year, and 18 filings in July alone. Clark expects those bankruptcies will accelerate..(Haynes and Boone via AP)

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