Distressed Finance: Five Oil & Gas Industry Experts Suggest Ways to Get Over the Hump

03/15/2009

Distressed Finance
Oil & Gas Investor

Some oil and gas producers are being caught off guard by falling oil and gas prices and reserve values as they head into borrowing-base redetermination season this spring. In fact, almost any producer that made a large acquisition with debt within the past 30 months with an expectation of higher commodity prices, but didn’t hedge against price risk, is likely facing some form of financial distress.  With E&Ps facing a three-headed dragon of low commodity prices, closed financial markets and lender redeterminations, five industry experts - including Haynes and Boone's Buddy Clark - suggest ways to get over the hump.

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