Insight
Lower 48 debt activity: updated Corporate Debt Monitor
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Many Lower 48 operators continue to face significant financial distress due to debts in excess of asset values, shrinking liquidity, and covenant constraints. The Lower 48 Corporate Debt Monitor has been updated to reflect Q1 2020 results, borrowing base redeterminations, and recent capital markets transactions. Summary cash flow and covenant forecasts have also been incorporated into the Debt Monitor. The Lower 48 Corporate Debt Monitor is a dynamic tool that allows the user to easily compare relative asset coverage and financial strength across operators. Users have the ability to select price and valuation discount scenarios. Compilations tabs provide convenient summaries and comparisons, while specific individual company tearsheets provide complete details on capital structure, maturity schedule, applicable covenants, and indicative recovery rates in an event of default.
Table of contents
- Executive Summary
Tables and charts
This report includes the following images and tables:
-
Base Case NAV / Total Principal Debt
What's included
This report contains:
Other reports you may be interested in
Asset Report
Occidental Petroleum - Lower 48 upstream
Upstream valuation of Oxy's assets in the US Lower 48
$22,800
Asset Report
ConocoPhillips - Lower 48 upstream
Analysis of ConocoPhillips Lower 48 assets.
$22,800
Asset Report
CNX Resources - Lower 48 upstream
Upstream valuation of CNX Resources’ Marcellus and Utica assets.
$22,800
