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Haynes and Boone

Bernard F. Clark, Jr.

Bernard F. Clark, Jr.



  • Canada
  • Energy Finance
  • Energy Power and Natural Resources
  • Oil and Gas

WSG Practice Industries


Haynes and Boone
Texas, U.S.A.

WSG Leadership

WSG Coronavirus Task Force Group
Buddy Clark is the co-chair for the firm's Energy Practice Group representing clients in the oil and gas industry, including banks, private capital providers and producers in secured and unsecured credit transactions and equity investments; producers, joint venturers and midstream companies in oil and gas exploration, production and development agreements, and producing property and midstream acquisitions, joint developments and partnerships; and energy related litigation and bankruptcies. In June 2016, Buddy published "Oil Capital: The History of American Oil, Wildcatters, Independents and Their Bankers," which traces the relationship between independent producers and their capital providers in America's oil and gas industry. Buddy is a frequent speaker at oil and gas conferences and is often cited as an authority on current issues facing the oil and gas industry in trade publications and financial journals.

Bar Admissions



J.D., University of Texas, 1982
B.A., University of Texas, 1978
Areas of Practice

Canada | Energy Finance | Energy Power and Natural Resources | Oil and Gas

Professional Career

Significant Accomplishments

Energy lenders in senior and mezzanine syndicated, club and sole bank facilities ($10 million to $3 billion) in connection with secured reserve based oil and gas production loans, including preparation and negotiation of credit facilities, mortgages and related loan documents.

Representation of capital providers and management teams for exploration and production companies.

General legal advice to oil and gas companies on various transactional matters including multi-state producing property acquisitions, reserved based and production payment financings, dispute resolution and operating matters.

Acquisitions of producing properties in Texas, Louisiana, Michigan, Mississippi, Montana, North Dakota, New Mexico, Oklahoma, Ohio, Alabama, Arkansas, Kansas, Pennsylvania, W. Virginia and Gulf of Mexico.

Workouts and debt restructurings on behalf of energy lenders and borrowers in multi-state secured oil and gas production loans and bankruptcy related oil and gas producing property acquisitions.

Keep Calm and Notary On: How to Meet Your Notary Needs in Texas While Social Distancing
Haynes and Boone, April 2020

With most of the country working from home, many are wondering how to get their documents notarized. Thankfully, several states, including Texas, have authorized online notarization ceremonies. Under the new telecommunications statutes, individuals can have documents notarized from a healthy distance. Historically, Texas required both in-person notarization and the filing of the original notarized document, which precluded any possibility of a telecommuting notary...

A Sigh of Relief: Oil and Gas Lender not Liable, as Mortgagee, for Failure to Release Expired Leases
Haynes and Boone, July 2018

In the latest ruling from the contentious Gloria’s Ranch case (Gloria's Ranch, L.L.C. v. Tauren Exploration, Inc., 2018 La. LEXIS 1694), the Supreme Court of Louisiana reversed the lower courts’ decisions that held Wells Fargo Energy Capital, Inc...

Enforceability of OCC Reserve Based Lending Guidelines
Haynes and Boone, June 2018

2018 Summer Associate Molly Barham contributed to this alert. Two years ago, right after crude oil prices hit rock bottom in the middle of the worst downturn for U.S. producers since the 1980s, the Office of the Comptroller of the Currency (“OCC”) revised its Handbook for Examination of Oil and Gas Exploration and Production Lending (“E&P Handbook”)...

WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

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