Redeterminations Can’t Come Fast Enough: Energy Bankers
As we sit here today WTI is trading around $34 per barrel and natural gas at $1.68 per Mcf. Reserve base lending agreements are scheduled to be redetermined in the coming months.  Since the fall redeterminations, oil prices have fallen about 24% and gas prices have declined about 33%.  From the bankers we talk to, these redeterminations can’t come fast enough.

Jeff Nichols, head of the Haynes and Boone Energy Finance Group spoke to Oil & Gas 360® in September 2015 ahead of the fal...

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