Playing Offense and Defense -

Insolvency Considerations in a Down Cycle for Oilfield Services Companies

in Houston, Texas, USA

Mayer Brown LLP
700 Louisiana, Suite 3400
Houston, TX 77002
4:30 pm - 6:30 pm

Online registration is closed.  Walk-in registrations will be available at the door.

Past Event

Credits:1 hour MCLE credit available

Overview

  • Start time: 4:30 pm
  • CLE presentation: 4:30 pm - 5:30 pm
  • Networking Reception: 5:30 pm - 6:30 pm
  • There is no charge to attend this event

After nearly six months of dramatically lower commodity prices, things are once again interesting in the oilpatch.  While E&P operators are laying down rigs and cutting capex budgets, the oilfield services companies that serve them are facing a myriad of complex legal issues that have for the most part not been faced during the past ten years.  Included among them are reductions in force and other employment matters; an uptick in collections concerns and the potential for commercial disputes; a renewed focus on credit agreement compliance and the need to address financial coverage ratios; and, for those who look at the glass as half-full, what opportunities exist to grow through acquisition, despite the unavoidable difficulties with valuation.   

To help arm you for this ongoing battle, the Oilfield Services Committee of the Institute for Energy Law is developing a multi-part series of evening CLE/networking events that will address both the legal and practical solutions to these issues.  These events will feature top-notch panelists from major law firms and oilfield service companies, as well as ample time to share war stories over drinks with your colleagues and friends.

The first program in the series is “Playing Offense and Defense – Insolvency Considerations in a Down Cycle for Oilfield Services Companies.”  Sponsored by Mayer Brown LLP, this program will focus on bankruptcy protection issues, both to the extent a possibility to be taken by E&P operator customers and as a tool for companies themselves contemplating a restructuring.

Texas CLE Credit

This program is approved by the State Bar of Texas for 1 hour, no ethics. Course ID Number: 901318856. A sign-in sheet will be available at registration.

Other Information

Nondiscriminatory Policy

The Center for American and International Law does not discriminate on the basis of race, color, sex, religion, national origin, age, disability, veteran status or any other protected status in educational activities, scholarship programs or admissions.

Registrar: +1.972.244.3404
IEL: +1.972.244.3424
Fax: +1.972.244.3401
E-Mail: iel@cailaw.org

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