Fall Borrowing-Base Redeterminations are Coming… Let the Bidding Begin


Just when U.S. oil prices appeared to have stabilized at $60 per barrel and industry players were acclimating to this “new normal”, recent geo-political and -economic pressures have caused prices again to plummet below $50 a barrel for the first time since early April.
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Asset Sales & Hedge Monetizations – Potential Liquidity Solutions for E&P Companies and their Lenders


The swift and steep decline in oil prices in 2014 coupled with increased lending to the energy sector over the past few years has left many exploration and production (E&P) companies with insufficient cash to fund their operations and repay their debt.  In turn, many of their lenders are holding loans that are either in or close to default and secured by collateral that is significantly less valuable than when these loans were made.  As a result, many E&P companies are exploring ways to raise cash in the near term, not only to continue to operate, but also to appease their lenders.  These companies are increasingly using asset sales and hedge monetizations in order to accomplish these goals.
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Prediction? Pain


History may have been kinder to Mr. T had Dolph Lundgren not so badly overshadowed him.  Aside from a turn as the cuddly, milk-loving B.A. Baracus on the “A-Team,” Mr. T had a role as one of the best 80’s movie villains  as Clubber Lang in “Rocky III.”  When asked for a prediction from a reporter for the impending bout with Sylvester Stallone’s Rocky Balboa, Lang glares into the camera and growls, “Prediction?  Pain.”
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Low Oil Prices Got You Down? Real Estate’s Silver Lining


Depressed oil prices have rippled through major North American energy markets, driving consolidation and reducing demand for real estate from energy companies. Forward-looking energy executives can take advantage of the situation by, among other things, taking a long-term view of their real estate needs. In some locations, there are deals to strike now that can enable companies to reap benefits for years to come. Following are some steps for taking advantage of real estate opportunities while oil prices are low.
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