Firm sees E&P borrowing on the rebound - failure rate will improve from a dismal 91% in 2016 to 26% in 2019
In March 2016, the Office of Comptroller of the Currency (OCC) issued the “Oil and Gas Exploration and Production” booklet of the Comptroller’s Handbook. The 2016 edition updates and replaces the guidelines issued in the OCC’s April 2014 version.
Revision highlights

Expands descriptions of the oil and gas business, types of oil and gas reserves, and lending structures
Expands descriptions of prudent risk management for this...

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