18 Apr 2023
Market Trends 2022/2023: Reserve-Based Loan Credit Agreements in the Oil and Gas Industry
Read this practice note for an overview of reserve-based loans (RBLs) in the oil and gas (O&G) industry. RBLs are a type of asset-based loan commonly used in the upstream O&G industry, especially among non-investment grade companies. This practice note also discusses recent market trends in certain publicly filed deals from 2022 to Q1 2023.
Related Content
- Asset-Based Lending Resource Kit
Refer to this resource kit for an overview of asset-based lending. Asset-based loans may be used by a wide variety of businesses, both in terms of size and credit quality, and may be used for a number of different purposes.
- Reserve-Based Loans
Review this practice note discussing the key characteristics of RBLs. RBLs have been common in the oil and gas industry in recent years, especially among non-investment grade exploration and production companies.
- Financing the Upstream Oil and Gas Transaction
Read this practice note discussing the financing of upstream O&G transactions. Upstream O&G companies have a variety of financing sources. This note discusses the customary features of typical debt financings, equity financings, and certain joint venture structures employed by non-investment grade, privately held, upstream O&G companies in the United States.
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