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:
Senior Vice President
Assistant Vice President