Oil industry looks forward to more mergers—and more bankruptcies
Workers make a pipe connection on the Orion Perseus drilling rig, Webb County, Texas.
Eddie Seal | Bloomberg | Getty ImagesThe U.S. oil industry shook up the world energy order in the last decade, and now it has been going through a shakeout of its own that is expected to end in more bankruptcies and mergers.
In the early part of this century, an upstart band of U.S. energy producers brought…