Oil & Gas Lending: Structuring & Restructuring

Prices declined precipitously, and oil and gas companies filed bankruptcy in record numbers during 2015 and 2016. In March 2016, the OCC revised its Oil & Gas Production Lending Handbook to expand its guidance on oil & gas production lending, markets, lending structures, types of reserves, associated risks, and, most importantly, supervisory expectations for risk management and examination procedures.

This webinar will provide bankers with a thorough understanding of oil & gas lending, loan documentation, due diligence and bankruptcy/restructuring issues. It is a must for any bank that has or is considering loaning against oil & gas assets or has oil and gas loans in its portfolio.

What You Will Learn:

  • Oil & gas terminology, markets and lending structures
  • Risk management, including loan policy, underwriting and 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
  • 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
  • Laws effecting oil & gas lending
  • Oil & gas bankruptcy issues

Who Should Attend?

All bank personnel involved in oil & gas lending, restructuring, loan documentation and compliance will benefit from attending this program.