As the 2017 spring borrowing base redetermination season approaches, lenders and producers alike are watching commodity prices closely. Will recent stabilization in oil prices impact reserve-based credit facilities?
As part of its continuing series of borrowing base surveys, Haynes and Boone invites you and other industry leaders and professionals to participate in the spring 2017 Haynes and Boone Borrowing Base Redeterminations Survey. Results will be reported only in the aggregate and your name and responses will not be disclosed individually.
Take the Haynes and Boone survey here.
(Survey ends on Friday, March 24)
Haynes and Boone relies on industry professionals for its survey, and the results are closely monitored by energy executives, financial officers, lenders and media.
“Our semi-annual 2015 and 2016 surveys all predicted significant borrowing base reductions. However, our fall 2016 survey showed bankers were more optimistic than E&P borrowers, with bankers expecting just a 16 percent decrease and borrowers anticipating a 29 percent decrease,” the firm said.
