June 21, 2015

36th Annual Energy and Mineral Law Foundation Institute

SemCrude Case Study: Secured Financing Lessons From the Last Oil & Gas Downturn

Amelia Island, FL


On June 23, Matthew Clark of Faegre Baker Daniels will co-present a panel at the 36th Annual Energy & Mineral Law Foundation Institute.

The SemCrude bankruptcy, triggered by the steep decline in oil and gas prices in 2008, tested the limits of Article 9 security interests and statutory liens designed to protect the holders of royalty and operating interests. Hundreds of millions of dollars hung in the balance. The litigation touched on a wide range of issues likely to arise in the coming months as the precipitous decline in oil prices takes its toll on over-leveraged producers, purchasers and service providers in the upstream and midstream markets.

Matthew and his co-presenter, Barkley Clark, will describe key concepts and rules related to secured oil and gas financing, and provide practical advice regarding the steps that can be taken prior to bankruptcy to ensure that parties on all sides of an oil and gas transaction, including a struggling debtor, protect themselves should the debtor have difficulty fulfilling its obligations.


Omni Amelia Island Plantation Resort
39 Beach Lagoon Road
Amelia Island, FL 32034

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June 21-23, 2015

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