OCC BULLETIN 2016-9
Subject: Oil and Gas Exploration and Production Lending
Date: March 16, 2016
To: Chief Executive Officers of All National Banks and Federal Savings Associations, Department and Division Heads, All Examining Personnel, and Other Interested Parties
Description: Revised Comptroller's Handbook Booklet
The Office of the Comptroller of the Currency (OCC) issued today the “Oil and Gas Exploration and Production Lending” booklet of the Comptroller’s Handbook. This revised booklet replaces the “Oil and Gas Production Lending” booklet issued in April 2014.
This booklet provides updated guidance to examiners on the risks inherent in lending to upstream oil and gas exploration and production companies and provides supervisory guidance on prudent risk management of this lending activity. The booklet includes expanded examiner guidance for evaluating exploration and production loans and the impact that these lending activities have on the risk profile and financial condition of national banks and federal savings associations (collectively, banks).
The revised “Oil and Gas Exploration and Production Lending” booklet
For further information, contact Grant Wilson, Director for Commercial Credit Risk, at (202) 649-6670.
Jennifer C. Kelly