Energy exploration and production companies’ outlook for borrowing has turned negative, with a majority of 221 energy industry companies and financial institutions surveyed in September by the law firm Haynes & Boone saying they expect borrowing to get more difficult.
The firm surveys lenders and energy-industry borrowers on expectations regarding access to capital twice a year. Reuters recently spoke with Kraig Grahmann, a Houston-based partner who heads the firm’s Energy Finance Practice Group, regarding the shift.
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