Industry Insights Webinar

Event Details

View the recorded April 29th Industry Insights Webinar here.
Access Password: IPAAIIW4.29

Proactively Navigating Distress in the Oil & Gas Industry

In early March, the oil & gas industry was punched with a historic, overnight drop in the price of oil. To make matters worse, the rapidly expanding COVID-19 pandemic brought a decrease in demand, exacerbating the industry’s sudden downturn.

In this timely and insightful webinar, three experienced restructuring professionals discuss how to proactively and strategically navigate this distressed oil & gas environment, including analyzing and measuring liquidity, determining valuation, providing a glimpse into lenders’ perspective, evaluating the potential use of bankruptcy as a tool and considering post-bankruptcy M&A. Part of our discussion will include a look at past down-cycles and what might be on the horizon.

Speakers

Gregory Berube is a Senior Managing Director of Evercore’s Restructuring and Debt Advisory Group. Mr. Berube has worked on numerous restructuring assignments, advising companies, financial sponsors and other parties on refinancings, exchange offers, consent solicitations, amendments, out-of-court restructurings, Chapter 11 bankruptcy reorganizations and distressed mergers and acquisitions. Mr. Berube has also advised on and executed various equity and debt financings including DIP and exit financings for companies in Chapter 11 and several “rescue” financings for stressed and distressed clients.

Luckey McDowell, a partner in the Financial Restructuring & Insolvency practice of Shearman & Sterling LLP, has particularly deep experience representing energy sector clients in the restructuring area. He focuses on capital restructuring for highly leveraged companies, out-of-court workouts, insolvency-specific guidance to boards, and all aspects of bankruptcy cases throughout the country. He also has extensive experience representing buy-side clients negotiating with financially distressed companies.

Frank Pometti has over 20 years of financial and operational experience spanning a wide range of industries. His expertise encompasses assisting distressed and underperforming companies, and their creditors, in all areas of operational and financial restructuring including interim management, performance improvement, organizational redesign, contingency planning, divestitures, and working capital management. Frank has a B.S. from the United States Military Academy at West Point and an M.B.A. from Columbia Business School.