Bracing For Change: A Look Ahead To 2021
Path Forward: Borrowing Base Redeterminations In A Restructuring World
FCPA Compliance and Ethics Report-Episode 153-Doing Compliance in an Economic Downturn
Over the last several months (and right up to today) some of the headlines published in various media outlets have addressed the slower-than-expected response of operators to increase drilling activity as oil prices have...more
2020 was a tumultuous year for the oil and gas industry, but there’s still reason for optimism. Originally published in The Weekly E&P Update Newsletter, December 22, 2020. ...more
The Commodity Futures Trading Commission (CFTC) recently issued an interim report by CFTC Staff on the April 2020 price collapse of the West Texas Intermediate light sweet crude oil futures contract (WTI Futures Contract)....more
While the airline industry has benefited from a special federal stimulus loan package tied to the impact of COVID-19, the energy industry has not been as fortunate to date. Many energy companies were distressed before the...more
Big Oil repeatedly remanded to state courts - will SCOTUS come to the rescue? "Oil companies facing suits by state and local governments that want them to bear a share of the cost of responding to the consequences of...more
With limited exit and financing alternatives, oil and gas companies must take decisive steps to address G&A and overhead costs to ensure the financial health of the organization and their stakeholders....more
The first half of 2020 has presented governments, business and individuals with an unprecedented set of circumstances to grapple with. As thoughts start to turn towards emerging from the crisis, people around the world have...more
The recent dramatic decline in oil prices was precipitated by an unprecedented drop in demand due to the COVID-19 pandemic played out against a backdrop of an already slightly oversupplied oil market. Oil prices have...more
Opportune Managing Partner David Baggett shares his thoughts on how oil and gas restructurings may signal a paradigm shift in the industry. ...more
The U.S. Energy Information Administration (“EIA”) released its Short-Term Energy Outlook (“STEO”) on May 12, 2020, but noted that it was subject to “heightened levels of uncertainty because the effects on energy markets of...more
Continuing with our series of looking at how the energy sector is being impacted by, and managing, the on-going effects of COVID-19 and the UK lockdown, we review the key updates from the last two weeks....more
In the wake of an unprecedented sell-off in the crude oil market, the only response to balancing global markets is to reduce supply. How many times can you say "unprecedented?" The COVID-19 pandemic has resulted in a...more
The spot price of WTI crude oil dropped below $0 for the first time in history today. While a supply glut for crude oil exists, the true value of crude going forward is not near or below $0....more
According to Oil & Gas 360’s article originally from CNBC entitled, Oil prices may now be at a bottom after historic OPEC deal, US energy secretary says, “[o]il prices are down more than 55% year-to-date, having experienced...more
Oil-producing nations around the world reached an unprecedented agreement over the weekend that will cut world oil output by nearly 10 percent in an effort to end the devastating price war waged worldwide this year over the...more
This morning, I noticed that the price of gasoline at the pump was $1.77 per gallon. To put that in perspective, when I first started driving, I remember the price being around $2.02 per gallon…...more
There have been many changes recently, but one of the changes on the forefront of my mind has been “what is going on with OPEC”? It feels like a major shift has happened with The Organization of the Petroleum Exporting...more
Monday on Wall Street was the equivalent of a well-forecast storm that still managed to blow meteorologists’ minds. The deadly combination of diving oil prices and yet more COVID-19 worries spelled disaster for U.S. markets,...more
HP has officially rejected Xerox’s enhanced takeover bid, again calling the offer “too low” and decrying its “disproportionate[] benefit” for Xerox shareholders....more
Many of us have the end of the year and the end of the decade on our minds: wrapping up projects, working to close deals and matters, and striving to end the year on as high of a note as we possibly can. It is hard to believe...more
The White House will again slap tariffs on steel and aluminum imports from Argentina and Brazil in an apparent reaction to “massive devaluation” of currencies in both South American nations....more
There is one thing on the mind of many folks involved in the oil and gas industry – the upcoming OPEC meeting in Vienna. On June 25, 2019, the 176th OPEC meeting will be held....more
Watching commodity pricing is a bit like watching a rollercoaster – it goes up one minute, down the next, then up again and down. Today’s oil prices are no different. We started the day up a bit, and this afternoon we are...more
Qatar and ExxonMobil are teaming up on a $10 billion natural gas investment plan in Texas and America’s growing status as an LNG exporting power....more
The G-20 summit in Buenos Aires wrapped this weekend with the nations agreeing to a joint statement that “affirms the importance of the multilateral trading system” while giving ground to both the US and China over language...more