Recent Legal Issues and Developments in Oil and Gas Restructuring: What Companies Need to Know?
The sudden oil and gas price declines which hit rock bottom by mid-2014 continues to create problems in the oil and gas industry today. Most of the Upstream Exploration and Production (E&P) companies were severely distressed following the recent down grades and debt redeterminations in the industry. In addition, Standard and Poor’s (S&P) Ratings Services, the world’s leading index provider, junked 25 oil and gas companies in early February, which also reaffirmed the existing junk status of several other companies.
With the issues brought by these rapid declines, E&P companies have started to map out and rely on restructuring strategies to remedy the situation. Fortunately, the efforts have reaped positive effects with more than $11 billion in transactions as of last July, the highest so far this year.
In this two-hour LIVE Webcast, a panel of distinguished professionals and thought leaders will help Oil and Gas Companies understand the important aspects of this significant topic. They will provide an in-depth discussion of the Recent Developments and Updates on Oil and Gas Companies’ Restructuring Strategies. Speakers will also offer best practices in developing and implementing other strategies to accelerate and stabilize the industry’s position in the market.
Some of the major topics that will be covered in this course are:
- Review of the Decline Map from 2014 to 2016
- Reserve-Based Revolving Loan (RBL) for Oil and Gas Companies
- Oil and Gas M&A
- The Latest Restructuring Strategies Taken
- Recent Developments on the Restructuring Strategies
- Other Strategies Oil and Gas Companies May Utilize
Jackson Walker L.L.P.
Jackson Walker L.L.P.
Dykema Gossett PLLC
- The Best Laid Plans - Effect of rapidly evolving pricing environment on development and implementation of an exit strategy.
- The state of Covenants Running with the Land and what can you do to protect or shed your midstream contracts.
- Have we maxed out on the filings, or is there still another wave? If so, are there any good assets left?
- You are not in MERS anymore - lien perfection issues in oil and gas cases
- How asset sales work in bankruptcy. Pros/Cons of being the stalking horse bidder
- To Serve or Not to Serve. What’s the benefits/pitfalls of being on the Unsecured Creditors’ committee? Is there an equity committee? How do you get one appointed (or should it remain Ad hoc)?
Who Should Attend:
- Risk Analysts & Controllers
- Financial Executives
- Compliance Officers
- Bankruptcy and Restructuring Lawyers/Practitioners
- Investment Advisers
- Investment Bankers
- Executive Directors
- Chief Risk Officers
- Business Analysts
Bruce has extensive experience representing financial institutions, corporations, and other business entities in workout/restructure efforts, chapter bankruptcy proceedings, and litigation. He approaches his cases strategically, proactively and cost-effectively. For over 30 years, Bruce has represented creditors, creditors’ committees, trustees, debtors, landlords, and asset purchasers in various industries and business environments, including energy, real estate, healthcare, shipping, manufacturing, transportation, retail, entertainment, wholesale produce, heath care, and personal services.
Bruce has extensive experience representing financial institutions, corporations, and other business entities in workout/restructure efforts, chapter bankruptcy proceedings, and litigation. …
Monica Blacker has extensive experience assisting clients in recovering their money and collateral when borrowers default or file for bankruptcy. She represents major creditors in many of the oil & gas cases currently in bankruptcy. She also regularly represents secured and unsecured creditors and debtors in restructurings. She takes a collaborative approach to her practice with the goal of obtaining the highest possible recovery for her clients in an efficient and cost-effective manner.
Monica routinely represents clients in court proceedings and out-of court restructurings and has played a leading role in a number of significant restructurings.
Monica Blacker has extensive experience assisting clients in recovering their money and collateral when borrowers default or file for bankruptcy. …
Deborah Williamson has practiced insolvency and restructuring law for over 30 years. Ms. Williamson is regularly called on by clients in a variety of industries for her bankruptcy experience and advice regarding counterparty risk. She currently serves as one of the 19 members of the American Bankruptcy Institute’s (ABI) Bankruptcy Reform Commission. In 2011, she was awarded the ABI’s Lifetime Achievement Award, which has been presented only twice in the ABI’s nearly 30-year history. Based in San Antonio, she travels frequently around Texas, the United States, and the world to address colleagues and counsel clients on bankruptcy issues and trends. In 2016, Williamson authored the second edition of When Gushers Go Dry, The Essentials of Oil & Gas Bankruptcy to address new realities in the oil fields, the first guide to oil and gas bankruptcy. She is currently a member of Dykema's Executive Board.
Deborah Williamson has practiced insolvency and restructuring law for over 30 years. Ms. Williamson is regularly called on by clients …
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Method of Presentation:
NASBA Field of Study:
Specialized Knowledge - Technical
NY Category of CLE Credit:
Areas of Professional Practice
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About Jackson Walker L.L.P.
Founded more than 125 years ago, Jackson Walker LLP is one of the oldest and largest Texas-based law firms. Today, the firm has more than 360 attorneys in seven Texas offices and represents Fortune 500 companies, multinational corporations, major financial institutions, and a wide range of public companies and private businesses.
While Jackson Walker proudly calls Texas home, we recognize that our clients’ demands have assumed national and international proportions. Jackson Walker represents clients across the state and around the globe, and our attorneys are licensed throughout the United States and have experience in developed and emerging markets worldwide.
About Dykema Gossett PLLC
Dykema is one of the nation’s leading law firms with offices located throughout Michigan, Illinois, Washington, D.C., Texas, California, and Minnesota. Founded in 1926 in Detroit, the firm has grown to include over 450 lawyers and government policy advisors across 15 offices. The firm combines intimate industry knowledge with extensive experience to efficiently guide clients through their unique legal challenges, from regulatory and transactional matters and complex litigation to public policy and lobbying drives. With over 65 practice areas within Business Services, Intellectual Property, Litigation, Real Estate, and Regulated Industries, and six specialized industry groups, including Automotive, Dental Service Organizations, Energy, Financial Services, Food & Beverage and Insurance, Dykema delivers practical, results-oriented counsel from the courtroom to the boardroom.