Tag Archives: energy

Important Questions Answered As the UK Court Rules for the First Time on Issues Affecting Failed Energy Supply Companies

Devinder Singh, a restructuring and insolvency partner in SPB’s Birmingham office, acted for one of ten applicants in an application for directions made in the High Court by a number of officeholders following the collapse of several energy supply companies (“ESC”). The application sought directions on a number of key issues affecting the energy industry … Continue Reading

Beware SoLR Power in Energy Administrations

With the gradual opening of energy supply markets allowing new energy providers to challenge the established providers and bring increased competition to the market, the last two decades have seen an increase in smaller energy providers entering the market and sharing a growing customer base. But what happens to the customers when an energy provider … Continue Reading

Bankruptcy Developments and Trends – A Look Back at 2015 and Into 2016

Restructuring partners Mark Salzberg and Karol Denniston, together with financial services partner, Michael Cuda, recently authored a chapter in “Inside The Minds: Chapter 11 Bankruptcy and Restructuring Strategies – Leading Lawyers on Navigating Recent Trends, Cases and Strategies Affecting Chapter 11 Clients” published by Thomson Reuters/Aspatore. In their chapter, entitled “New Developments in Chapter 11 … Continue Reading

Back To The Future: This Plummeting Oil & Gas Market Is Unlike Any Prior Crisis

Last week our Energy Restructuring Team attended the Energy CFO Roundtable in Houston that focused on “Restructuring in the Oil Patch”.  Stephen Lerner, the chair of our Restructuring & Insolvency Practice Group, was one of the panelists.  In this blog we summarize some of the important takeaways from the Roundtable, along with our current thoughts … Continue Reading

Oil and Gas M&A Market to Re-energize in 2016

Since the third quarter of 2014, the appetite for lending to small and midsized exploration and production companies (E&P Companies) has decreased substantially for several reasons. The most significant reason is the drop in oil prices to the WTI Spot close at Cushing, Oklahoma in the $35 per barrel range at the end of 2015. … Continue Reading

Analysis of US Oil and Gas Bankruptcies as a Result of the Declining Oil Price

Michael Cuda, Max Tucker and Susan Kelly have written an article for Corporate Rescue & Insolvency analysing the increase in US oil and gas bankruptcies as a direct result of the declining oil price, and the related decrease in the borrowing base availability. This has led to a number of Chapter 11 proceedings throughout the … Continue Reading