When Do the Oil & Gas Chapter 22s Start?

Texas oil bankruptcies down to a trickle. Speaking of down, oil prices as rig counts increase - even with a 1.6% turnaround on Friday. Cue the Chapter 22s. In tandem, there appears to be a rise in M&A activity out of post-reorg E&P companies including Linn Energy. This bucks the overall M&A trend which, according to this, is at its slowest global pace in 20 years.