Energy Lending

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:

Mike Delbridge
Executive Vice President
Patrick Johnson
Senior Vice President