Higher oil prices outweigh rising interest rates so far; debt investors continue to express confidence in E&Ps
During the oil boom, E&Ps financed rocketing production growth and sizable cash flow deficits with cheap money during a low interest rate environment. Total debt for the companies doubled from $125 billion in 2010 to $250 billion in 2015, as shown in the chart below. As debt ballooned and as oil prices collapsed, as many as 160 North American E&Ps declared bankruptcy or commenced strategic reviews.
Follow IHS Markit Energy
- The Brazilian Surplus Transfer of Rights – a huge prize and a big challenge
- Carbon pricing: one of many solutions to decarbonize power in New York
- Corporate renewable procurement pushing solar and wind deployment
- Leaders of LADWP Approve 400-MW Eland Solar/Battery Project
- Another Brazilian pre-salt beyond 200 nautical miles?
- Recent Pipeline Completions Focused on LNG Projects; Upcoming Projects in Permian, Mid-Atlantic
- Navigating the investor landscape for North America unconventionals
- IHS Markit Forecasts $2 Gas in 2020
Do you have the right E&P data available in the right format? APIs enable access to content by working behind the s… https://t.co/VeiaBKUkEZ