The Best Protection - Safeguards in Purchasing Distressed Oil and Gas Assets -
In the current environment of depressed prices for oil, natural gas and related liquids, oil and gas wells, leases and properties are coming on to the market for sale. These assets typically are made available through either bankruptcy proceedings by exploration and production companies or companies that are selling assets to bring their credit facilities into compliance with overarching covenants.
Each situation is an opportunity for a buyer, but with caution about the quality of such purchases, many of which are generated by the current depressed state of the market. What are some of the issues to anticipate?
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