Many companies operating in and around the energy industry have been adversely affected by the recent precipitous drop in the price of oil, a global trend that has exposed vulnerabilities in a number of industry segments and individual companies. The companies, their exposures and the complicated issues raised by their distress span the Americas. This panel introduces the industry and recent trends, covers the ways that these companies finance themselves and operate, and discusses a number of complex multijurisdictional finance, legal, regulatory and environmental issues that will be significant in these restructurings.