Oil & Gas Drillers Dread Borrowing Stress Test


CNBC: “Drillers see the glass as half empty, while their lenders believe it's half full ahead of the latest round of stress tests for energy companies looking to tap debt and keep pumping. Borrowers in the oil patch expect to see their borrowing ability slashed more than actual lending institutions do, a new survey from law firm Haynes and Boone indicates. The report comes ahead of the twice-a-year review during which lenders size up oil and gas customers' reserves so they can judge whether they're valuable enough to justify drillers' credit lines.”