Oil and Gas Lending: Structuring and Restructuring Webinar
Webinar Description and Intended Audience
Prices declined precipitously, and oil and gas companies filed bankruptcy in record numbers during 2015 and 2016. In March 2016, the OCC revised its Oil & Gas Production Lending Handbook to expand its guidance on oil & gas production lending, markets, lending structures, types of reserves, associated risks, and, most importantly, supervisory expectations for risk management and examination procedures.
This webinar will provide bankers with a thorough understanding of oil & gas lending, loan documentation, due diligence and bankruptcy/restructuring issues. It is a must for any bank that has or is considering loaning against oil & gas assets or has oil and gas loans in its portfolio.
What You Will Learn:
•Oil & gas terminology, markets and lending structures
•Risk management, including loan policy, underwriting and valuation
•Oil & gas loan documentation
•Credit agreement covenants, including production reporting-audit capability, maintenance of leases, maintenance of properties to industry standards, hedging and gas imbalances
•Lender diligence on oil & gas leaseholds, operating and non-operating working interests, overriding royalty interests and landowner or non-participating royalty interest
•Land title issues, including the engagement of landmen
•Conducting a site visit to the borrower’s land department
•Reviewing oil & gas leases, farmout agreements, joint operating agreements, purchase agreements and other material contracts
•Environmental issues, including Phase 1 environmental assessments and hydraulic fracturing
•Other oil & gas financing structures, including volumetric production payments, master limited partnerships, bonds, private equity investment and joint ventures
•Regulatory compliance and reserve reviews
•Agencies overseeing the oil & gas industry
•Laws effecting oil & gas lending
•Oil & gas bankruptcy issues
Who Should Attend?
All bank personnel involved in oil & gas lending, restructuring, loan documentation and compliance will benefit from attending this program.
Webinar Viewing Options
INCLUDES 7 DAYS OF UNLIMITED ONDEMAND PLAYBACK! With this option, you will participate in the webinar live, via the internet. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time. And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!
SIX MONTH ONDEMAND VIDEO:
With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it a very effective training tool. The OnDemand Video will be available to you (and anyone else in the company) for six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.
If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of any applicable handouts and a CD-ROM (featuring the full-color PowerPoint presentation with audio) via regular mail. Mailed 7 to 10 days after the webinar takes place.
Webinars can be scheduled and offered exclusively for your company. They can even be customized to best fit your needs. To find out more, please complete the in-house request form found in the Schedule and Registration Information section below.
Continuing Education (CE) Credits
This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.