While an increasing number of oil and gas companies are suffering in the tightening credit market, the industry's outlook remains robust, says Rhett Campbell of Houston's Thompson & Knight. There are ready buyers for high-quality exploration and production assets that end up in Chapter 11 liquidation, Campbell says. "There are well-capitalized companies out there that are actively seeking bargains in oil and gas properties," he says."They view the current reality as temporary and are actively evaluating opportunities, particularly for United States and North American holdings, such as the Gulf of Mexico, the Rocky Mountain region, Texas and Canada." To interview with Mr. Campbell about energy industry bankruptcies, contact Barry Pound at 800-559-4534 or barry@androvett.com.