John Melko Discusses How Decreasing Oil Prices Has Effected Corporate Calculations


Express-News and the Houston Chronicle both covered the crude oil price crash and its impact on corporate calculations, featuring comments from Gardere Partner John P. Melko. Crude oil prices have been cut by more than half since the summer, slicing into companies' revenue and the value of their oil reserves. Some oil and gas firms are already missing debt payments, and experts say mergers, corporate restructurings and bankruptcies are on the horizon.

According to Mr. Melko, smaller companies will likely get hit the hardest, though firms of all sizes may have to consider the sale of some properties, or merging with competitors out of necessity or opportunity. "Even for the better companies, they're all concerned they'll get their bond debt or their equity rating downgraded," he said.

Subscribers can access the complete Express-News article here, and the Houston Chronicle article here

The publications contained in this site do not constitute legal advice. Legal advice can only be given with knowledge of the client's specific facts. By putting these publications on our website we do not intend to create a lawyer-client relationship with the user. Materials may not reflect the most current legal developments, verdicts or settlements. This information should in no way be taken as an indication of future results.

Search Tips:

You may use the wildcard symbol (*) as a root expander.  A search for "anti*" will find not only "anti", but also "anti-trust", "antique", etc.

Entering two terms together in a search field will behave as though an "OR" is being used.  For example, entering "Antique Motorcars" as a Client Name search will find results with either word in the Client Name.


AND and OR may be used in a search.  Note: they must be capitalized, e.g., "Project AND Finance." 

The + and - sign operators may be used.  The + sign indicates that the term immediately following is required, while the - sign indicates to omit results that contain that term. E.g., "+real -estate" says results must have "real" but not "estate".

To perform an exact phrase search, surround your search phrase with quotation marks.  For example, "Project Finance".

Searches are not case sensitive.

back to top