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Restructuring in the Oil & Gas Sector

Addressing Issues Affecting Producers, Operators, Lenders and Equipment
June 2016

Watch Webinar Recording. (CLE/CPD Credit Available)

Despite recent optimism about commodity supply and pricing, persistent turmoil in the oil and gas sector is leading to increased pressure on companies operating at every stage of the E&P lifecycle. Producers, well and pipeline operators, field service providers, distributors and those in the transportation segment of the market continue to wrestle with lower prices and volumes. The challenges for lenders and investors in the oil and gas industry are equally difficult. We explore those challenges and the strategic options available to address them.
 
We look at the issues from three different angles:
 
Producers and Operators

  • What problems are producers and operators facing as a result of chronic oversupply and consequent low prices? 
  • What business solutions are available? 
  • What legal solutions can be used to mitigate the problems? 
  • Is bankruptcy a possible path to viability?  

Asset-Based Lenders

  • How to keep control of your collateral 
  • Balancing the viability of the operations with a desire to minimize risk 
  • Documentation issues and perfection pitfalls 

Equipment Financiers

  • Current trends affecting equipment lessors 
  • What is the current market for used oil and gas field equipment? 
  • Documentation issues with leases 

We end with a case study of Sabine Oil & Gas and address how a downstream creditor can protect itself.