The number of distressed loans over recent years put reserve-based lenders on notice to tighten covenants—or just to exit the space altogether. These bankers talk about how lending criteria have changed, and how redeterminations will further challenge E&P balance sheets.
This presentation was recorded at the recent Energy Capital Conference & exhibition in Dallas.
SPEAKERS:
Steve Kennedy, Executive Vice President and Head of Energy Banking, Amegy Bank
Christina Kitchens, Group Managing Director, Specialized Industries Finance, EastWest Bank
Mike Lister, Managing Director & Group Head – Energy & Power, Corporate Client Banking, JPMorgan Chase & Co.
Are you interested in a live video stream of Hart Energy events? Let us know here.
Recommended Reading
E&P Highlights: March 27, 2023
2023-03-27 - Here’s a roundup of the latest E&P headlines including new contract awards in the upstream oil and gas industry.
Rig Providers Focus on Advancements to Keep Up with E&P’s Needs
2023-03-27 - With the offshore drilling market on a positive upswing, rig companies are trying to meet demand while adding the latest bells and whistles to their fleets.
Ecopetrol Names Alberto Consuegra as Interim CEO
2023-03-27 - Colombia state energy giant Ecopetrol has appointed COO Alberto Consuegra Granger as interim CEO, effective April 1, to replace Felipe Bayón Pardo who steps down on March 31.
Iraq's Ambition to Match Saudi Oil Output is Out of Reach
2023-03-27 - With political infighting costing Iraq the ability to quickly capitalize on growing output and the energy transition gathering pace, the new energy minister's efforts are likely to be too little, too late to cash in on substantial oil output.
What's Affecting Oil Prices This Week? (March 27, 2023)
2023-03-27 - While still facing some headwinds, Brent crude prices have recovered a portion of the significant downturn that occurred last week, ending the week at $74.99 after closing the previous week at $72.97.