In early March, the oil & gas industry was punched with an 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. Recently, a confluence of events led to a temporary WTI spot price below $0 for the first time in history. 

In this timely and insightful webinar, which took place on April 29 at 11:00 am Central Time, partner Luckey McDowell (Dallas-Financial Restructuring & Insolvency) joined Evercore senior managing partner Gregory Berube and Alix Partners managing director Mark Pometti to discuss how to proactively and strategically navigate the 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 included a look at past down-cycles and what might be on the horizon.