On April 20, 2020, oil prices went negative for the first time in trading history. This COVID-19-driven anomaly accelerated trends for change from venture funding, to support services, to operations strategies in upstream oil and gas. 

Baker Tilly’s Tom Black and Jake Goff joined Keith Grimes of New Tech Global and Auburn Energy Management, Michael Pipkin of Rushmore Resource Partners, LLC and Russell Weinberg of Energy Capital Solutions to take a look back at the last year. 

Watch the on demand webinar to hear unique answers to the following questions:

Is there a lesson to be learned from negative oil prices and the impact of the pandemic on demand?

Will we see a continuation of restructuring and M&A activity with focus on cash flow versus reserves?

What will be the impact of 2020 valuations to investment opportunities going forward?

Will there be another “re-core” cascade of properties out of the larger players?

Now that prices have returned to pre-COVID levels, is it back to business as usual?

Who wants to invest in upstream oil and gas now, and what are realistic goals for these investors?

Interested in getting started with us or have a question for our oil and gas accounting specialists?

Tom Black is a principal with Baker Tilly’s client accounting services team, providing business solutions to oil and gas companies. 

Watch Baker Tilly’s “year in review” webinar as oil and gas specialists discuss impacts and changes since oil prices went negative in April 2020.

With expertise in oil and gas, power and utilities and renewable energy, we provide a collective view with measurable results. 

Baker Tilly’s energy team, lead out of Texas, works with oil and gas, upstream, midstream, downstream, power and utilities, and renewable energy.

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The oil and gas industry is complex and ever-changing. Baker Tilly helps revolutionize the “back-office” operations for entities and dominates the financial and accounting advisory space with predictive business insights and specialized tax consulting.

Baker Tilly’s oil and gas team, based in Texas, provides tax, advisory and managed services to upstream, midstream and field services oil and gas companies.

We address the growing demands of oil and gas clients' evolving business and technology needs.

We provide dependable, cost-effective oil and gas business solutions to reduce your overhead and effort spent managing day-to-day oil and gas accounting services and tasks.

Leveraging best-in-class technology to provide comprehensive outsourced accounting and advisory services.

Our client accounting services practice leverages innovative, cloud-based technology to provide comprehensive outsourced accounting and advisory services. 

One year later: exploring negative oil prices and changes in upstream oil and gas

One year later: exploring negative oil prices and changes in upstream oil and gas

Interested in getting started with us or have a question for our oil and gas accounting specialists?

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