The Art Of Acquiring Distressed Natural Gas Assets

Law360, New York (May 29, 2012, 12:17 PM EDT) -- Technological innovation has changed the landscape of domestic natural gas production from shortage to surplus. The result: a glut of natural gas and historically low prices.

While many producers have successfully hedged against this risk to date, as older hedges roll off, many companies are unable to obtain replacement hedges at attractive prices. Some have even resorted to monetizing their in-the-money hedges to raise capital today (and borrowing against the future). In order to meet capital obligations, some natural gas companies are forced into selling reserves...
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