March 18, 2015

Protecting O&G Security Interests — Lessons From SemCrude

Oil prices in the first quarter of 2015 have proven to mirror the historically low prices from the last quarter of 2014. Low oil and gas prices have been a boon to the economy as a whole, but have had a devastating effect on domestic oil producers.

Matthew Clark, an associate in FaegreBD’s Boulder office, authored an article for Law360 on how oil and gas companies should be thinking of cost cutting measures, along with accessing additional debt or equity based financing, to weather the storm of continued low prices. Clark cited the 2008 bankruptcy of oil and gas giant SemCrude as a valuable case study on pitfalls to avoid during a down market.

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