Ned Kleinschmidt, Barry Kesler | RPA Advisors & Joseph Wielebinski | Munsch Hardt Kopf Harr
The price of oil has dropped precipitously to half its June 2014 peak. Natural gas prices have experienced a similar recent collapse. The oil and gas (“O&G”) industry has continually demonstrated a “boom and bust” market dynamic. The failure to manage through periods of low prices can result in disastrous consequences. Unfortunately, the recent dramatic increase in debt load has compounded the problem. A complete understanding of the challenges presented by price volatility and proactively implementing appropriate solutions to address these challenges are critical to surviving in the current environment.