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Oil & Gas Lending: Structuring & Restructuring
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When: 9:00 AM
Where: United States

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Program Content:

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.

Covered Topics:
•     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.

Robin Russell has practiced law for 29 years and is licensed in Texas, New York and Massachusetts. She is a fellow in the American College of Bankruptcy and of the American Law Institute. She combines a depth of experience in bankruptcy restructuring and litigation with financial transactions. She has represented corporate debtors, independent directors, liquidating trustees, bondholders, unsecured creditors' committees, bank groups, private equity funds, landlords, trade creditors and bidders for estate assets in Chapter 11 and Chapter 7 bankruptcy proceedings. She has also represented banks, institutional lenders and corporate borrowers in commercial loan transactions and debt restructurings.

Robin is the principal author of Thomson Reuters’ Texas Practice Guides for both Creditors’ Rights and Financial Transactions and the Texas Bankers Association’s Texas Secured Lending Guide, Texas Problem Loan Guide, Texas Real Estate Lending Guide and Texas Account Documentation Guide. She is a frequent speaker on banking, bankruptcy and financial restructuring related topics and has served as a Chapter 7 Trustee. Robin received her LL.M. in Banking Law from Boston University and her J.D. from Baylor University where she was Editor-in-Chief of the Baylor Law Review and the highest ranking graduate in her class. She clerked for the Texas Supreme Court before beginning her legal career.


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