4 Key Restructuring Considerations for Distressed E&P Companies
In an online interview, Latham & Watkins partner Mitchell Seider outlines some of the many significant legal issues associated with restructuring of distressed exploration and production (E&P) companies and their lenders.
Seider is a partner in Latham’s New York office and global Co-chair of the Restructuring, Insolvency & Workouts Practice. He focuses his practice on business reorganizations and financial restructurings and regularly represents secured lenders, bond holders, creditors’ committees and debtors in chapter 11 cases and workouts, according to the firm’s website.
He discusses such topics as termination of oil and gas leases for non-production, liability for the costs of well plugging and abandonment, oil and gas contractor liens, and treatment of interests in oil and gas production.