David L. Denbina, P.E. Sr. Advisor
David L. Denbina, P.E. is a workout, restructuring and valuation specialist. His experience extends across a vast array of diverse industries, including all sectors of energy, utilities and cogeneration, mining, oceangoing vessels, healthcare, logistics, gaming, recreational parks and marinas, commercial real estate and banking.
David has served as an expert witness and in litigation support roles at numerous bankruptcy proceedings, in State District Court and in public hearings. He has provided his professional opinion in asset valuation, credit, accounting practices, and on health and safety issues.
Prior to MACCO, David was a Senior Director that led the energy special assets team for one of the top ten U.S. banks. During the 2016 energy downturn, he oversaw numerous bankruptcy and non-bankruptcy distressed asset cases and set a record by reducing exposure by 95% on approximately $3 billion in troubled energy loans. Dave’s prior work with other banks includes group leadership roles in corporate and project finance, business development, engineering and loan workout. He has worked for international energy companies, including research (upstream, downstream and alternative fuels), commercial plant recharge/startup, and major project management.
David obtained his Bachelor’s and Master’s degrees in Chemical Engineering from Rice University, and his MBA in Finance from Trinity University.
Notable Assignments
Full recovery and sale of insolvent group of seven waterparks, under continuous operation, with no loss and all interest paid at market level.
Managed troubled energy loan portfolio, negotiated and approved resolutions resulting in reduction of portfolio from 110 large distressed energy accounts to less than 20 accounts. Approximately 70% of these were bankruptcies and other workouts in reserve base lending, with the balance in midstream, oil field service and offshore vessels.
Provided expert witness testimony, valuations and litigation support leading to successful resolution of valuation disputes, including refinery cases valued at $130 million and $1 billion, a $30 million sugar refinery, and a $900 million Colorado brewery.
Managed all negotiations and directed counsel, creatively maximizing recovery while limiting the liquidation option. Litigation was aggressively pursued to achieve full recovery in an oil field service default, recovery from guarantor of a trucking company and commercial real estate foreclosure.