Oil Capital

The History of American Oil, Wildcatters, Independents and Their Bankers

Business & Finance, Finance & Investing, Banks & Banking, Nonfiction, Reference & Language, Law
Cover of the book Oil Capital by Jr. Bernard F Clark, Bernard F. Clark, Jr.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Jr. Bernard F Clark ISBN: 9780692811931
Publisher: Bernard F. Clark, Jr. Publication: January 1, 2017
Imprint: Bernard F. Clark, Jr. Language: English
Author: Jr. Bernard F Clark
ISBN: 9780692811931
Publisher: Bernard F. Clark, Jr.
Publication: January 1, 2017
Imprint: Bernard F. Clark, Jr.
Language: English

The history of oilmen and the energy bankers who loan them capital is inextricably bound together. Energy bankers have reacted, adjusted and evolved alongside the same business cycles, regulatory changes and commodity-price gyrations that have challenged the generations of oilmen they banked. In many respects, however, it is remarkable how little has changed during the past 100 years in the fundamentals of lending against collateral that has been hidden underground for millions of years. Nor has there been much change in the relationship between the early wildcatters willing to risk their—and their banker’s—last dime and the bankers who cautiously evaluate the oilmen and their collateral.

Along with manpower, rigs and drill pipe, capital has always been a critical tool in the exploration for and development of oil and gas. From the earliest days of the industry, producers have required more start-up capital for acquisition, drilling and development of oil fields than can be generated out of cash flow from existing production. The accomplishments of oil companies were and are as dependent upon access to capital as access to the hydrocarbons they seek to exploit. This book tells the story of the enduring relationship of oil and gas producers and oil and gas bankers in the context of the evolution of the two industries.

 

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The history of oilmen and the energy bankers who loan them capital is inextricably bound together. Energy bankers have reacted, adjusted and evolved alongside the same business cycles, regulatory changes and commodity-price gyrations that have challenged the generations of oilmen they banked. In many respects, however, it is remarkable how little has changed during the past 100 years in the fundamentals of lending against collateral that has been hidden underground for millions of years. Nor has there been much change in the relationship between the early wildcatters willing to risk their—and their banker’s—last dime and the bankers who cautiously evaluate the oilmen and their collateral.

Along with manpower, rigs and drill pipe, capital has always been a critical tool in the exploration for and development of oil and gas. From the earliest days of the industry, producers have required more start-up capital for acquisition, drilling and development of oil fields than can be generated out of cash flow from existing production. The accomplishments of oil companies were and are as dependent upon access to capital as access to the hydrocarbons they seek to exploit. This book tells the story of the enduring relationship of oil and gas producers and oil and gas bankers in the context of the evolution of the two industries.

 

More books from Law

Cover of the book Equity and Trusts by Jr. Bernard F Clark
Cover of the book Kulturflatrate. Lösung aller Probleme? by Jr. Bernard F Clark
Cover of the book Hedging-Geschaefte und das Insiderhandelsverbot by Jr. Bernard F Clark
Cover of the book Renascent Pragmatism by Jr. Bernard F Clark
Cover of the book Abkommensberechtigung von deutschen Investmentfonds i.S.d. InvG nach Art. 4 (1), 10 (2) OECD-MA by Jr. Bernard F Clark
Cover of the book ¡Que vivan los oficiales de policía! (Hooray for Police Officers!) by Jr. Bernard F Clark
Cover of the book A History of the Laws of War: Volume 3 by Jr. Bernard F Clark
Cover of the book Paralegal Career For Dummies by Jr. Bernard F Clark
Cover of the book L'interesse legittimo by Jr. Bernard F Clark
Cover of the book La France depuis 1945 by Jr. Bernard F Clark
Cover of the book The Analysis of Burned Human Remains by Jr. Bernard F Clark
Cover of the book Die Begrenzung von Managergehaeltern unter besonderer Beruecksichtigung der Instituts-Verguetungsverordnung by Jr. Bernard F Clark
Cover of the book Tax Tips & Considerations When Emigrating Canada by Jr. Bernard F Clark
Cover of the book Great Invention! Now What? by Jr. Bernard F Clark
Cover of the book Bank Funding, Liquidity, and Capital Adequacy by Jr. Bernard F Clark
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy