Oil & Gas, Energy and Field Services Workout, Restructuring and Lending

Markus Williams Young & Hunsicker’s Oil & Gas, Energy and Field Services Workout, Restructuring and Lending team consists of a cross-section of highly skilled attorneys with expertise not only with oil & gas production, energy and field services workouts, restructurings and lending, but also with representing lenders (including, administrative agents, collateral agents, individual lenders, syndicate/club members and other senior lenders) and other interested parties on commercial loans, asset based and reserve based loans, equipment financing and real estate loans. Our attorneys have represented both borrowers and lenders in connection with upstream activities including exploration and production and related oil field service businesses and with midstream activities including gas gathering systems, transportation and pipeline companies. Because our team consists of transactional attorneys, workout, restructuring and bankruptcy attorneys, we are able to craft agreements that are flexible and meet the business needs of the lender and the borrower while also protecting the parties’ rights should the transaction end in a workout, restructure or liquidation.

Workout

Our Oil & Gas, Energy and Field Services Workout team has a deep understanding and broad experience with the many issues critical to the restructure or workout of upstream and midstream energy companies. Our attorneys draw on years of experience to best advise our clients and help craft creative solutions to troubled loans, including negotiation and documentation of waiver and forbearance agreements, loan modifications, extensions, and restructures/workouts. We also represent borrowers, lenders, asset purchasers and other key stakeholders through bankruptcy proceedings. Our attorneys are locally and nationally recognized for their business bankruptcy acumen and expertise, serving as current or past presidents of the American Bankruptcy Institute, the American Board of Certification, the Rocky-Mountain Chapter of the Turnaround Management Association and the Colorado Bar Association, Bankruptcy Subsection.

Lending

Our Oil & Gas, Energy and Field Services Lending team has extensive experience with the many issues critical to exploration and production lending such as addressing complex multi-state real estate issues, understanding reserves and their interplay with the borrowing base, and documenting transactions to successfully work with specialized hedging documentation. Our team members draw on a broad range of experience in asset based lending, real estate lending and commercial lending to best advise and draft documents to protect the lender, including drafting and negotiating multi-bank syndicated credit facilities, single bank credit facilities, club credit facilities, and intercreditor and subordination agreements.

How Can We Help?

Our attorneys have wide-ranging experience in all aspects of troubled loans from the occurrence of an initial default through a debtor’s bankruptcy and all steps in between.
We represent creditors, debtors in possession, creditor committees, trustees and asset purchasers through “section 363” sales, confirmed bankruptcy plans and “friendly” foreclosure sales.
Our attorneys have expertise in the negotiation and documentation of all aspects of exploration and production loans and oil field services loans, including third party agreements, real estate related documentation, and tailored security agreements addressing assigned contracts, leases, equipment and as-extracted collateral.
Our attorneys’ extensive experience in asset based lending helps us understand and better negotiate intricacies relating to reserves and borrowing bases.
Thanks to our team’s significant experience with both real estate and personal property collateral, we can help identify and resolve issues related to real property collateral and address Uniform Commercial Code perfection nuances related to personal property collateral, such as titled equipment and as-extracted collateral.
We offer expert advice on intercreditor and subordination issues.

Why Markus Williams Young & Hunsicker?

The attorneys at Markus Williams Young & Hunsicker bring “big firm” experience delivered in a practical, economical and personal boutique approach, enjoy top ratings and recognition locally and nationally and are actively involved in community and professional organizations. Our clients benefit from our integrated approach across specializations because we are able to efficiently produce loan documents that address the specific needs of exploration and production and oil field services transactions while protecting and assisting our clients in the event of a workout, restructure or liquidation.