2016 Spring Oil and Gas Borrowing Base Redetermination: The Day of Reckoning? | Practical Law
An analysis of the borrowing capacity of oil and gas companies under their reserve based loans (RBLs) following the spring 2016 borrowing base redetermination period. This Article examines the factors that may have impacted the lenders' redetermination decisions. This Article also examines the steps that lenders are taking to enhance their credits and minimize their exposure to the oil and gas sector.