Post Tagged with: "Haynes and Boone"

Banks rush to rein in financing for oil firms

Banks rush to rein in financing for oil firms

Energy World


NEW YORK: The twice-a-year evaluation of energy borrowers’ reserve-based loans has taken on more significance than ever as banks seek to cut their exposure to oil and gas companies amid the global Covid-19 pandemic that has caused demand …

Haynes and Boone M&A deals structured through bankruptcy panel in Dallas

Haynes and Boone M&A deals structured through bankruptcy panel in Dallas

The EnerCom team discussion about a very timely analysis of world events impacting the United States oil and gas market.

This event from Haynes and Boone was an excellent panel discussion on distressed oil and gas M&A. Panelists from Contango

Source: Lonestar Resources

Energy Bankruptcies Back on the Rise in 2019

From The Houston Chronicle


After a recovery from the last oil bust, energy bankruptcies are back on the rise in 2019.

The number of oil and gas bankruptcy filings through mid-August has nearly equaled the total tally from 2018, and …

Borrowing Bases Will Weather Recent Oil Price Drop: Haynes and Boone

Borrowing Bases Will Weather Recent Oil Price Drop: Haynes and Boone

Most companies predict stable or slight decline in borrowing base
By Richard Rostad, analyst, Oil & Gas 360

The recent drop in oil and gas prices has not significantly rattled lenders, according to Haynes and Boone’s recent Borrowing Base Redetermination

Lenders, Borrowers See Borrowing Bases Increasing: Haynes and Boone

Lenders, Borrowers See Borrowing Bases Increasing: Haynes and Boone

The law firm Haynes and Boone today released the results of its “Fall 2018 Borrowing Base Redeterminations Survey,” which shows a bright outlook for oil and gas producers.

The firm provided key takeaways from its 2018 Fall survey:

  • Respondents have
Seadrill Partners Awarded $273 Million in Brit High Court Ruling

Seadrill Partners Awarded $273 Million in Brit High Court Ruling

Seadrill Partners LLC said the English High Court has ruled in favor of its subsidiary Seadrill Ghana Operations Limited relating to the early termination of the West Leo contract by Tullow Ghana Limited.

Seadrill Ghana was seeking to recover standby …

Oilfield Services and Midstream Bankruptcies

Oilfield Services and Midstream Bankruptcies

Oilfield services bankruptcies since early 2015 have reached $58.5 billion: Haynes and Boone

less damage to midstream sector

Oilfield services

International corporate law firm Haynes and Boone has been tracking and reporting industry developments in oilfield service restructurings. The firm’s …

E&P Bankruptcy Filings Down 67% in 2017: Haynes and Boone

E&P Bankruptcy Filings Down 67% in 2017: Haynes and Boone

Debt involved in oil and gas company bankruptcies since 2015 totals $90 billion

International corporate law firm Haynes and Boone has tracked 144 North American oil and gas producers that have filed for bankruptcy since the beginning of 2015.

E&P Bankruptcy Filings Down 67% in 2017: Haynes and Boone

These …

Oil & Gas Industry Sees 10%-20% Borrowing Base Hikes, Predicts Next Big Play: Haynes and Boone Survey Results

Oil & Gas Industry Sees 10%-20% Borrowing Base Hikes, Predicts Next Big Play: Haynes and Boone Survey Results

A look at where the industry believes energy development capital will be sourced

More than 80% of Haynes and Boone’s respondents in its newest borrowing base survey expect borrowing bases to increase, with most expecting 10 to 20 percent increases, …

Haynes and Boone Adds Oil & Gas Firepower

Haynes and Boone Adds Oil & Gas Firepower

Haynes and Boone, LLP has expanded its energy practice with the addition of an experienced oil and gas commercial litigator, Michelle Scheffler, to its team.

Scheffler has represented clients in multimillion-dollar lawsuits at both the state and federal courts throughout …

February 9, 2018 - 4:22 pm Closing Bell Story‎, Law, Oil and Gas 360 Articles, People
Haynes and Boone Releases Fall 2017 Borrowing Base Survey Results:  ‘Industry has Adapted to the New Normal’ 

Haynes and Boone Releases Fall 2017 Borrowing Base Survey Results: ‘Industry has Adapted to the New Normal’ 

$50 is the new $75

In September, Haynes and Boone, LLP polled oil and gas producers, oilfield services companies, energy lenders, private equity firms, and other industry participants to get their predictions about producers’ future borrowing capacity or “borrowing bases.”…

October 6, 2017 - 10:56 am Closing Bell Story‎, Finance, Oil and Gas 360 Articles
Haynes and Boone Snags Energy Litigation Pros

Haynes and Boone Snags Energy Litigation Pros

Craig Stahl and Jeffrey Kuehnle have joined the Houston office of energy powerhouse Haynes and Boone, LLP as partners in the firm’s Litigation and Energy Practice Groups.

Stahl has decades of experience handling oil and gas litigation, including serving as …

September 6, 2017 - 6:50 pm Closing Bell Story‎, Law, Oil and Gas 360 Articles, People
BOEM Extends its Review of Financial Assurance Requirements for OCS Decommissioning

BOEM Extends its Review of Financial Assurance Requirements for OCS Decommissioning

Secretary’s mandated review of NTL No. 2016-N01 will get more time 

In an announcement on June 22, 2017, BOEM reiterated that Secretary’s Order 3350, issued on May 1, 2017, directed BOEM to “promptly complete a review of Notice to Lessees …

Good News for Mexico

Good News for Mexico

Mexico awards 10 shallow water GOM blocks in successful 2.1 bid round

The National Hydrocarbon Commission of Mexico awarded 10 out of the 15 exploration blocks that were in its Round 2.1 lease auction this week. The awarded leases cover …

Haynes and Boone Spring 2017 Oil and Gas Borrowing Base Survey Reflects “Cautious Optimism”

Haynes and Boone Spring 2017 Oil and Gas Borrowing Base Survey Reflects “Cautious Optimism”

Energy companies will have access to debt in 2017

Haynes and Boone, LLP released its spring 2017 survey of oil and gas borrowers and lenders this week, demonstrating a modestly improved outlook for the oil and gas market.

In its …

Top Five SEC Disclosure Issues for E&P 2016 Annual Reports: Haynes and Boone

Top Five SEC Disclosure Issues for E&P 2016 Annual Reports: Haynes and Boone

Get your DUCs in order

Energy attorneys Haynes and Boone recently looked at the top SEC disclosure issues for E&P company 2016 annual reports. The findings from Haynes and Boone appears below.

Comment letters issued in 2016 by the staff …

BOEM Issues Delay for New Financial Assurance Requirements for Offshore Operators

BOEM Issues Delay for New Financial Assurance Requirements for Offshore Operators

Government prioritizing implementation of new OCS financial assurance rule

On January 6, 2017, the Bureau of Ocean Energy Management (BOEM) announced a six-month delay in the implementation of the rigorous financial assurances required by Notice to Lessees and Operators NTL …

Texas oil production - Oil & Gas 360

Haynes and Boone’s Diana Liebmann Named to Top Women in Energy Law

Diana Liebmann, partner, Haynes and Boone, San Antonio, was named in Texas Lawyer’s 2016 list of top women in energy law.

“We are proud to profile the honorees of our 2016 Top Women in Energy awards. The following women …

December 8, 2016 - 5:49 pm Closing Bell Story‎, Law, Oil and Gas 360 Articles, People
More than 100 Oil and Gas Operators have Filed for Bankruptcy as of August

More than 100 Oil and Gas Operators have Filed for Bankruptcy as of August

Oil & Gas Bankruptcy Continues to Climb to $50.4 Billion in August

Three more companies joined the ranks of those that have filed for Chapter 11 bankruptcy protection since the fall in oil prices. The three companies had combined debt …

Energy Bankruptcies: We’ve only Seen a Third of Them

Energy Bankruptcies: We’ve only Seen a Third of Them

90 oil and gas operators with more than $60 billion in debt have already filed for bankruptcy: here’s what it’s like

Depressed oil prices that are unable to support heavy debt loads have pushed 90 oil and gas companies into …

Why Did Southcross Holdings Exit Bankruptcy Two Weeks After Filing?

Why Did Southcross Holdings Exit Bankruptcy Two Weeks After Filing?

Private equity firms pump $170 million into Southcross Holdings LP

Poor economics driven by low oil prices is the harsh reality being faced by many operators since the end of 2014, forcing 42 companies to file for bankruptcy in 2015, …

April 15, 2016 - 9:55 am Closing Bell Story‎, Oil and Gas 360 Articles
Spring Borrowing Base Redeterminations: a Preview

Spring Borrowing Base Redeterminations: a Preview

Haynes and Boone polled banks, producers, private equity firms, professional services and oilservice companies in January to take an early pulse of the spring redetermination expectations from the industry and the financial institutions supplying the credit.

Key findings by Haynes …

DOI Confirms Authority over Service Contractors on the Outer Continental Shelf

U.S. Department of Interior Board of Land Appeals Affirms BSEE’s Assertion of Authority over Contractors on the OCS

10/23/2015

FROM: Haynes and Boone

The Interior Board of Land Appeals (“IBLA”) has issued its long awaited decision on an …

October 23, 2015 - 5:38 pm Energy News
As Capital Tightens, E&Ps Stir the Gumbo

As Capital Tightens, E&Ps Stir the Gumbo

Borrowing Base Redeterminations Kicking into Full Swing

Cyclicality in the oil and gas industry is a given.  Across the board in today’s commodity price environment, the E&Ps and the OilService companies that provide them with drilling and completion services have …

October 12, 2015 - 2:38 pm Commodity Pricing, Oil and Gas 360 Articles
Source: WPX

What do Oil Companies and Lenders Foresee with this Fall’s Borrowing Base Redeterminations?

  • Haynes and Boone Releases Fall 2015 Borrowing Base Survey Results: “Time for Action” View Replaces Spring’s “Wait and See” Attitude

  • New York City Financing Event Will Provide Color, Discuss Financing Options

  • Farmouts of Proven but Undeveloped Assets could be Solution

September 14, 2015 - 6:36 pm Finance, Mergers & Acquisitions, Oil and Gas 360 Articles
IEA, Citigroup Say U.S. Production Drops of up to 500 MBOPD are on the Horizon

IEA, Citigroup Say U.S. Production Drops of up to 500 MBOPD are on the Horizon

The International Energy Agency (IEA) expects non-OPEC production to drop by nearly 500 MBOPD in 2016 as a result of declining activity in the new commodity environment. The projection, made in the Agency’s Oil Market Report for September, reinforces a …

Interview with Haynes and Boone Partner Ricardo Garcia-Moreno

Interview with Haynes and Boone Partner Ricardo Garcia-Moreno

Ricardo Garcia-Moreno, partner with Haynes and Boone, speaks to Oil & Gas 360® at The Oil & Gas Conference® 20 in Denver about the recent reforms to the oil and gas industry in Mexico, and what it means for those …