Thirty years of oil and gas asset management and financial transaction experience including seventeen years in oil and gas asset and investment management and twelve years as a reserve-base energy lender/manager. Specialized in structuring and leading complex and innovative acquisitions, divestitures and financial transactions and capital raising. Strong leadership skills and reputation for integrity and credibility within the financial and oil and gas community.
The largest banking lenders to the U.S. oil and gas sector are becoming more cau...
Oil and gas companies plunged over $156 billion into corporate takeovers and land deals during the second U.S. shale boom, in a massive bet that good times would continue and crude prices would rise. Many of those deals have become financial albatrosses.
People were too focused on growth as opposed to really drilling things that make sense.
I expect the biggest issues to be with over-leveraged natural gas producers, especially those without firm transportation in geographically-disadvantaged areas.