US Oil Companies Race To Restructure Debt
Ryan Bouley, Partner in charge of Opportune's Restructuring practice, was quoted in the Financial Times offering commentary about how U.S. oil and gas companies are restructuring billions of dollars of debt or discussing new ways to stay in business as low oil prices and soaring bond yields threaten bankruptcies.
“We’re sitting on a precipice of a lot of E&P [exploration and production industry] restructuring right now. Bankruptcy is increasingly on the table.”
How We CAN Add Value
Engaging an oil and gas consulting firm like Opportune LLP during a time of financial distress can seem like an added expense at time when extra investments are not welcome. But, they may be the game-changer an oil and gas company needs to emerge more resilient and better adapt to commodity price fluctuations and/or market shocks when they occur.
Restructurings and corporate reorganizations can achieve the present needs of a distressed company or a company trying to adapt to a changing market. This requires substantial and prompt modifications to debt terms, financial plans and business operations. Oil and gas consultants have the ideal insight and experience to advise and assist companies through difficult decision-making, reorganizations, transaction details or financial and legal negotiations.
Challenges and changes in the market are inevitable, but companies can feel confident in deliverables from oil and gas consulting firms that understand the situational sensitivities inherent of the industry as they continue to see companies through the storm.