Key Points For Lenders Taking Control Of Oil And Gas Assets
By Timothy Davidson, Michael O'Leary and Harve Truskett ( August 10, 2020, 3:55 PM EDT) -- The combination of global oversupply and the demand destruction caused by COVID-19 recently pushed the price of oil to its lowest level in decades. Exploration and production companies of all sizes and from every producing basin are fighting for survival — and their lenders are becoming increasingly concerned about their credit exposure....
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