Terry

Debtor-in-Possession (DIP) Financing.

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Debtor-in-Possession (DIP) financing is a type of corporate debt that is typically used by companies that have filed for bankruptcy protection. The purpose of DIP financing is to provide the company with the working capital it needs to continue operating during the bankruptcy process. DIP financing is typically provided by a group of creditors known … Read more

What Is a Wellbore?

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A wellbore is the hole that is drilled for the purpose of oil and gas production. The term can also refer to the entire length of the hole, from the surface to the bottom of the hole. What does wellbore only mean? The term “wellbore only” typically refers to a section of a wellbore that … Read more