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The oil and gas industry is facing unprecedent challenges following the price decreases and market unrest caused by the COVID-19 pandemic and more than 20 oil and gas producers have filed for bankruptcy already this year. Many more exploration and production and oilfield service companies are in serious financial distress and, for those with capital to spend, there will be opportunities to acquire assets and distressed companies (including acquisitions of asset packages, acquisitions of companies, and take-private transactions). With the likelihood of continuing uncertainty, this article of our latest Energy & Infrastructure Insight report looks at some of the key considerations for buyers when evaluating potential acquisitions of distressed oil and gas assets in the months ahead.
Read “Key Considerations When Buying Distressed Oil & Gas Assets.”