After the Drop: A Briefing on the U.S. Oil Industry

Past Event - Video Available | May.18.2016 | 1pm - 3pm (GMT Standard Time)

Orrick London

The US shale business cycle is extremely fast compared to deep sea exploration in the North Sea and elsewhere. US oil producers have responded with great speed to the steep oil price declines of the past 18 months. Production, investment and rig counts are down. Bankruptcies, defaults and distressed debt exchanges are now on going. With the oil price having recovered by 50% since its January lows we ask, where next for the US oil industry and its investors?

We are pleased to be joined in our London office by a leading US-based Deloitte restructuring professional, and our new Houston partners to share their perspective. The panel will address operational changes in the industry, distressed investment opportunities, and the issues arising from a raft of debt defaults.

Moderated by Stephen Phillips, Co-Head of Orrick's European Restructuring Group, our panel will comprise John Little, Dallas-based Deloitte Restructuring Advisory Leader, Orrick's Global Head of Restructuring Raniero D'Aversa and our Houston partners Jonathan Ayre and David Ronn.