Oil & Gas Banking

The energy business is a specialized and evolving industry. As a result, it is important to find a bank that is committed to understand your firm and its financing needs with a focus on an optimal banking partnership.

Sovereign Bank is committed to the energy industry and its energy independents banking partnerships. Its Energy Lending Department is focused on providing long-term assistance and support to the public and privately held independent segment of the oil and gas market. Whether handling the line directly or arranging participation in larger, multi-bank syndications, Sovereign has the expertise to quickly review and identify the energy independent’s financing opportunity.

Areas of Energy Lending focus are:

• Exploration and production companies
• Exploration and production acquisitions
• Capital for drilling and development programs
• Emphasis on firms with headquarters or operations in Texas
• Onshore production

Sovereign Energy Lending Products consist of:

• $1 to $30 million dollar range reserve-based senior lending facilities
• Term credit facilities
• Revolving lines of credit
• Hedging products with Industry Partners (* offered for lending clients only)
• Letters of credit
• Private Banking

A company may need to move quickly when opportunities arise and Sovereign Bank is prepared to move quickly with you. Additional advantages of working with an independent bank’s energy group include: lower costs, optimal-fit loan products, and faster turnaround.

For more information or to discuss a specific financing opportunity, please call:

John Lane Manager of Energy Executive Vice President Direct 713.821.5992 jlane@banksov.com	Dusty Buck Assistant Vice President Direct 972.713.1110 Cell 214.492.3890 dbuck@banksov.com
Rusty Stehr Senior Vice President Direct 817.472.1920 Cell 214.676.9683 rstehr@banksov.com

 

Energy Lending Offices at:

 

Sovereign Bank 17950 Preston Road Suite 500 Dallas, Texas 75252

Sovereign Bank 777 Post Oak Boulevard Suite 700 Houston, Texas 77056