Nontraditional Financing Structures for Oil and Gas: Alternative Options and Key Issues for Financing Projects

VPP, NPI, and ORRI Structures, JV and Non-Op AFE Funding, Preferred Equity Structures, Asset-Based Securities

A live 90-minute premium CLE webinar with interactive Q&A


Thursday, January 30, 2020

1:00pm-2:30pm EST, 10:00am-11:30am PST

Early Registration Discount Deadline, Friday, January 10, 2020

or call 1-800-926-7926

This CLE webinar will provide an overview of volumetric production payment (VPP), net profits interest (NPI), and overriding royalty interest (ORRI) structures; joint ventures (JVs) and non-op AFE funding structures; and preferred equity structures. The webinar will also include a discussion of the recent use of asset-based securities (ABS) as a financing tool.

Description

Traditional financing sources continue to be inaccessible to many oil and gas industry participants. As a result, new financing structures have been developed – and previously used structures have been revisited – to help meet the industry’s capital needs. Legal practitioners and other transactional professionals should be prepared to deal with each of these non-traditional financing structures.

Listen as our panel provides an overview of VPP, NPI, and ORRI as sources of financing, JV and non-op AFE funding, and preferred equity structures (including pros and cons and critical considerations). The panel will also discuss the recent use of ABS as a financing tool for oil and gas.

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Outline

  1. Overview of oil and gas financing trends
  2. Production payments as financing sources; ORRIs, NPIs, and VPPs
  3. JVs and non-op structures
    1. DrillCo vs. DevCo
    2. Non-op funding
    3. Producer-midstream JV
  4. ABS and preferred equity

Benefits

The panel will discuss these and other key issues:

  • What are the current trends in oil and gas financing?
  • How can ORRI, NPI, and VPPs be used as financing sources for oil and gas projects?
  • What are the pros and cons of the use of JVs (DrillCo vs. DevCo) and non-op structures?
  • What are the critical considerations for the use of ABS and preferred equity to finance oil and gas projects?

Faculty

Darden, Michael
Michael P. Darden

Partner
Gibson Dunn & Crutcher

Mr. Darden is chair of the firm’s Oil & Gas practice group, and a member of the firm’s Energy and...  |  Read More

Spedale, Gerry
Gerry Spedale

Partner
Gibson Dunn & Crutcher

Mr. Spedale has a broad corporate practice, advising on mergers and acquisitions, joint ventures, capital markets...  |  Read More

Stolte, Justin
Justin T. Stolte

Partner
Gibson Dunn & Crutcher

Mr. Stolte serves as Co-Leader of the firm’s Energy group and Co-Chair of its Oil & Gas practice, and is a...  |  Read More

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