John D. Cornwell, shareholder at Munsch Hardt.
John D. Cornwell is a shareholder and member of the bankruptcy, insolvency and restructuring practice group at the law firm of Munsch Hardt Kopf & Harr.
He spoke recently with Texas Lawyer about the future of the energy industry, which has been rocked recently by marketplace volatility, a foreign price war, overleveraged debt, COVID-19 and a global shift to rebuilding lower carbon economies.
Bankruptcies will no doubt accelerate over the next few months, leaving many oil and gas executives desperate to stave off the inevitable, Cornwell predicts.
Tell me about the current state of the energy industry nationally and in Texas, specifically?
John D. Cornwell: It is widely known that the combination of COVID-19 restrictions and the Saudi-Russia