October 22, 2019
Capital in the oil and gas sector remains relatively tight, with traditional financing sources continuing to be inaccessible to many industry participants. As a result, new financing structures have been developed – and previously used structures have been revisited – to help meet the industry’s capital needs. Please join members of the Gibson Dunn Energy team in a discussion regarding the use of these non-traditional financing structures. The discussion will provide an overview of VPP, NPI, and ORRI structures; JV and non-op AFE funding structures; and preferred equity structures. We also will discuss the recent use of asset-based securities (ABS) as a financing tool in the sector.
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Michael P. Darden is Partner-in-Charge of the Houston office of Gibson, Dunn & Crutcher, chair of the firm’s Oil & Gas practice group, and a member of the firm’s Energy and Mergers and Acquisitions practice groups. His practice focuses on international and U.S. oil and gas ventures, including LNG, deep-water, and unconventional resource development projects, international and U.S. infrastructure projects, asset acquisitions and divestitures, and energy-based financings, including project financings, reserve-based loans, and production payments.
Gerry Spedale is a partner in the Houston office of Gibson, Dunn & Crutcher. His practice focuses on capital markets, mergers and acquisitions, joint ventures and corporate governance matters for companies and private equity clients in the energy industry, including MLPs. He has extensive experience representing issuers and investment banks in both public and private debt and equity offerings, including initial public offerings, convertible note offerings and offerings of preferred securities. He also has substantial experience in public and private company acquisitions and dispositions and board committee representations.
Justin T. Stolte is a partner in the Houston office of Gibson, Dunn & Crutcher and a member of the firm’s Mergers and Acquisitions and Energy groups. His practice focuses on acquisitions, divestitures, and joint ventures across the energy sector.