More E&Ps Will Pass New OCC Leverage Tests in 2017-2019: Haynes and Boone
October 31, 2017
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
