Oil & Gas Lending 2015: Structuring & Restructuring
This new webinar provides a thorough understanding of the structuring and restructuring of oil and gas loans, including the OCC Oil & Gas Production Lending guidelines, loan documentation and bankruptcy risks.
Oil and gas prices have declined dramatically. Not long ago the energy sector was strong and the market for oil & gas market lending was too.
On April 9, 2014, the OCC issued a new Oil & Gas Production Lending Handbook. It provides guidance to banks on oil & gas production lending, an overview of oil and gas markets, lending structures, types of reserves, associated risks, and, most importantly, supervisory expectations for risk management and expanded examination procedures. Within three months of the issuance of these guidelines, oil prices began a steady decline. This webinar will provide bankers with a thorough understanding of oil & gas lending, loan documentation, due diligence issues and bankruptcy/restructuring issues. It is a must for any bank that has or is considering loaning against oil & gas assets.
- Oil & gas terminology
- Oil & gas markets
- Oil & gas lending structures
- Risks associated with oil & gas production lending
- Risk management, including loan policy, underwriting and collateral valuation
- Oil & gas loan documentation
- Credit agreement covenants, including production reporting-audit capability, maintenance of leases, maintenance of properties to industry standards, hedging and gas imbalances
- Lender diligence on oil & gas leaseholds, operating and non-operating working interests, overriding royalty interests and landowner or non-participating royalty interest
- Land title issues, including the engagement of landmen to search courthouse records and Secretary of State records to bring title forward to present and search for existing liens
- Conducting a site visit to the borrower’s land department
- Reviewing oil & gas leases, farmout agreements, joint operating agreements, purchase agreements and other material contracts
- Environmental issues, including Phase 1 environmental assessments and hydraulic fracturing
- Other oil & gas financing structures, including volumetric production payments, master limited partnerships, bonds, private equity investment and joint ventures
- Regulatory compliance and reserve reviews
- Agencies overseeing the oil & gas industry, including FERC, the Bureau of Ocean Energy Management, the Bureau of Safety and Environmental Enforcement, the Department of Transportation, the Department of Energy, the Bureau of Land Management and the Environmental Protection Agency (EPA)
- Laws effecting oil & gas lending, including the Federal Power Act, the Natural Gas Act of 1938, the Natural Gas Pipeline Safety Act of 1968, the Hazardous Liquid Pipeline Safety Act of 1979, the Mineral Leasing Act of 1920 and the Petroleum Marketing Practices Act of 1979
- Oil & gas bankruptcy issues
All bank personnel involved in oil & gas lending, loan documentation and compliance will benefit from attending this program.
Robin Russell co-chairs Andrews Kurth’s national Financial Restructuring practice. Andrews Kurth’s energy practice is consistently recognized among the best in the industry, with regular top rankings from Bloomberg, Thomson Financial, Chambers and Partners, Legal 500, The American Lawyer and Best Law Firms by U.S. News and World Report. Robin frequently represents businesses in the energy industry in contract negotiations and represents creditors and asset purchasers in energy-related bankruptcy proceedings.
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2 hours/session
Member price: $265.00 | Non member price $530.00
Member price: $280.00 | Non member price $560.00
Online: Visit the CBA Webinar Catalog
Mail: Click here and mail completed form with check payable to ConferenceEdge to: (Mail at least 10 days prior to event)
1516 Xavier St., Ste 500, Denver, CO 80204
Phone: Call ConferenceEdge at (877) 988-7526 (credit card payments only)
- Preferred Payment Method: Online
- Please register online or by phone when paying with a credit card
- Payment Must Accompany Registration – Invoices are Not Provided
Register online up to day of event. Earlier registration allows time to check your computer for an optimal experience.