American Oil and Gas Reporter - December 2022 - 69

SpecialReport: Well Control & Insurance
A Growing Need
The need to address insurance-related
collateral lockup is heightened by macroeconomic
forces that indicate commercial
property and casualty insurance rates will
continue to rise for the next few years.
Driven by employee wage inflation, both
premiums and collateral requirements are
predicted to increase significantly in losssensitive
workers compensation, general
liability and commercial vehicle insurance
programs in 2023.
During this period of inflation, labor
instability and an anticipated economic
downturn, executives have become increasingly
concerned about the rapidly
growing opportunity cost of tying up
capital in insurance collateral obligations.
The bottom line is that capital has become
more precious, with debt financing costs
running higher and liquidity clearly becoming
a greater priority.
When oil and gas companies post collateral
to satisfy insurance requirements,
access to balance sheets can be severely
restricted, reducing the capital otherwise
available for operations and investment.
By combining shrewd insurance programs
with collateral strategies that employ ICF,
the insured company satisfies its collateral
obligation in a manner that restores its
balance sheet to its fullest potential. The
emerging solution's ability to create incremental
liquidity, improve leverage
ratios and free existing debt capacity is
helping smart leaders get the resources
their companies need to grow and prosper.
❒
STEPHEN
ROSEMAN
Stephen Roseman is chairman, chief executive officer and co-founder of 1970 Group, which
pioneered insurance collateral funding. Before forming 1970 Group, Roseman was president of
Spencer Capital Holdings, chairman of the board at Southwest Dealer Services and founder of
Thesis Capital Group. He has worked in other leadership positions across a range of financial
services companies. Roseman earned an M.B.A. in finance from Fordham University's Gabelli
School of Business, and he holds a CFA®
charter.
Drilling for American
Energy Independence!
With a fleet of high-spec AC & SCR land rigs, Latshaw Drilling is positioned
to meet our customers' requirements now and for the foreseeable future.
These capabilities derive their strength from our seasoned work force who
are the backbone of our company. We take pride in our men and women
who work hard every day to bring America closer to energy independence!
Give us a call today!
Bill Cobb | EVP, Marketing/Sales | 405-933-2275
Joseph Hudson | VP, Business Development | 281-841-5241
Leroy Peterson | VP, Contracts | 432-889-8884
One of America's Leading Drilling Contractors!
www.latshawdrilling.com
© 2021 Latshaw Drilling
DECEMBER 2022 69

American Oil and Gas Reporter - December 2022

Table of Contents for the Digital Edition of American Oil and Gas Reporter - December 2022

Contents
American Oil and Gas Reporter - December 2022 - Intro
American Oil and Gas Reporter - December 2022 - Cover1
American Oil and Gas Reporter - December 2022 - Cover2
American Oil and Gas Reporter - December 2022 - 3
American Oil and Gas Reporter - December 2022 - 4
American Oil and Gas Reporter - December 2022 - Contents
American Oil and Gas Reporter - December 2022 - 6
American Oil and Gas Reporter - December 2022 - 7
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American Oil and Gas Reporter - December 2022 - Cover3
American Oil and Gas Reporter - December 2022 - Cover4
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