Key Themes Gleaned From Recent Oil & Gas Bankruptcy Exit Financings, Lender Requirements

Key Themes Gleaned From Recent Oil & Gas Bankruptcy Exit Financings, Lender Requirements

RMI Supply

As upstream oil and gas companies emerge from Chapter 11 bankruptcies, they’ll need to be mindful of exit credit facility terms and requirements that may reflect a shift from their prior experience and will likely affect their future borrowing base redetermination process. Themes from early bankruptcies in the upstream oil…

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Managing Director -

Jim Allen is a Managing Director with Opportune LLP’s Complex Financial Reporting practice in Denver. As a finance and accounting professional with experience as CFO and Treasurer, he has led financial strategies and operations of a publicly traded, multinational company. He has proven technical accounting and financial reporting expertise demonstrated as an Audit Partner in a Big Four accounting firm. He has served as a trusted executive and advisor for privately held and publicly traded companies. Jim has a BS in Business Administration – Accounting from Colorado State University and is a Certified Public Accountant in the State of Colorado.

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Managing Director -

David Morris is a Managing Director with Opportune LLP’s Restructuring practice based in Dallas. David is a seasoned financial executive with nearly 20 years of experience advising organizations and executing complex financings, possessing a wealth of experience in negotiating transactions, leading diligence processes and managing legal documentation. Prior to Opportune, David was Executive Director in the Energy Finance group at JPMorgan Chase (JPM) where he led diligence for financings, structured credit facilities, negotiated legal documents and restructured distressed oil and gas loans. In this role, David managed syndicated credit facilities for both public and private E&P companies, most of which were agented by JPM, while also serving as the workout credit officer on several other accounts. He also served on a team tasked with overseeing restructurings of oil and gas RBLs. David holds a BS in Economics from Duke University and an MBA in Analytic Finance and Accounting from the University of Chicago Booth School of Business.

3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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