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?