John (Jack) Webb

• Credit Training

I completed a year long commercial lending training program, orchestrated and taught by credit approvers. Six months were dedicated towards fast-paced, classroom setting commercial lending sessions. The program concentrated on loan structuring, financial statement analysis, and risk mitigation. For the remaining six months, I participated in four 8-week rotations in the Corporate, Commercial, Energy, and Real Estate divisions.

• Underwriting

Throughout the rotations, I was able to apply my financial statement analysis techniques towards determining a borrower's creditworthiness. This entailed assessing a company's strengths, weaknesses, leverage position, liquidity, collateral, and repayment capacity. I participated in regular meetings with the borrower and the corresponding relationship manager to discuss their operations and loan structuring needs. Furthermore, I completed financial spreads, covenant compliance reports, annual reviews, renewals, and new money commitment reports.

• Traveled to Midland, TX

For two weeks of the internship, I was fortunate to travel to Midland to gain better insight on the functions and performance of a saltwater disposal facility. I was able to shadow several field operators to see the SWD injection cycle from start to finish. Additionally, I participated in several tours of various oilfield service companies' facilities to grasp their product's application to midstream as well as their operating cycle as a whole.

• Corporate Operations

I engaged in several financial planning meetings and negotiations between OWL and other various oil and gas corporations. I analyzed the company's TTM financials and formed a deliverable to management consisting of financial performance trends, key observations, and tactics to limit operating expenses going forward. My fellow interns and I presented the results during the final week and gained valuable feedback regarding the reasoning behind the company's TTM performance.