This Practice Note provides guidance and advice to unsecured creditors in energy restructurings. This Note specifically addresses restructurings in the oil, gas, and coal industries and the strategies that unsecured creditors may use to increase the likelihood and amount of any distribution.

A variety of factors has made it difficult for companies in the oil, gas, and coal industries to stay afloat in recent years. In particular, oil and natural gas prices have plummeted, primarily due to increased supply and, regarding oil, declining demand.

Originally published in Practical Law on June 27, 2016.