Capital, Credit & Cash Flow: The initial shock of the oil price drop is well past, and lower for longer is our current reality. Banks have tightened their covenants and RBL has shrunk; credit is hard to come by. Operators are focused on keeping production flat with the smallest amount of investment possible as they strive to stay cash-flow neutral. What is the new economics of the Eagle Ford? How are companies financing their activities? What is happening in the A&D space?
- Mark Sooby, managing director of Bank of America Merrill Lynch; and
- Mark Meyer, managing director and head of research at Tudor, Pickering, Holt & Co. Inc.
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