Big Banks Set To Seize Shale Oil Assets

"…According to Reuters, a raft of big lenders including JPMorgan Chase & Co, Wells Fargo & Co, Bank of America Corp and Citigroup Inc, have kicked off the process of setting up independent companies that will take over operations at distressed oil and gas companies…."

https://oilprice.com/Energy/Energy-General/Big-Banks-Set-To-Seize-Shale-Oil-Assets.html