The energy industry is laboring under historic declines in oil prices with little certainty for any recovery. This global economic trend and maturing debts have led to multiple E&P company bankruptcies, and undoubtedly will continue to impact midstream and related services companies. With more restructurings anticipated in 2016 and beyond, borrowers, creditors and investors will need to understand the problems of the oil and gas marketplace − and devise creative solutions.
Discussion Points
- Overview of bankruptcy basics
- Issues unique to oil and gas bankruptcies
- Rejection of gas gathering agreements after Sabine Oil
- Characterization of royalty interests after ATP Oil
- Commodities and derivative contracts and bankruptcy safe harbor considerations
- Potential bankruptcy protections for contract counterparties and JV Partners
Speakers
- Mark E. Freedlander, Partner, McGuireWoods – Pittsburgh
- Jeffrey A. Gollomp, Partner, McGuireWoods – Houston
- Mark A. Platt, Partner, McGuireWoods – Dallas
- Ryan T. Purpura, Partner, McGuireWoods – Pittsburgh
- Becky A. Roof, Managing Director, AlixPartners – New York
- John H. Thompson, Partner, McGuireWoods – Washington D.C.