Oil & gas loan prices climb in tandem with higher oil prices

Secondary market oil and gas loan prices have climbed 137 bps so far this year in tandem with higher oil prices that surprised, jumping almost $11 this year to $71.3 a barrel. Oil and gas loans have rebounded from the lows hit in 2016, when a plunge in crude left oil & gas assets reeling. Currently, the average bid stands at 91.5 cents on the dollar,