Over the last several years, an acquiring company’s stock has become a more commonly used currency in upstream oil & gas merger and acquisition transactions. This trend can be attributed to its benefits, such as providing...more
3/22/2024
/ Acquisitions ,
Business Valuations ,
Commodities ,
Consideration ,
Cost Allocation ,
Fair Value Standard ,
Mergers ,
Oil & Gas ,
Stock Purchase Agreement ,
Stocks ,
Upstream Contracts
In the years since FAS 141 (now codified as ASC 805, Business Combinations) was implemented in 2001, the vast majority of business combinations have resulted in the recognition of goodwill or have been goodwill/bargain...more
Here are five concepts to keep in mind when utilizing stock as a form of consideration in an oil and gas transaction....more
10/13/2021
/ Acquisitions ,
Business Valuations ,
Commodities ,
Consideration ,
Cost Allocation ,
Fair Value Standard ,
Mergers ,
Oil & Gas ,
Stock Purchase Agreement ,
Stocks ,
Upstream Contracts
Find out why companies making technology-based acquisitions should be prepared with defensible and supportable valuation analyses that can stand up to scrutiny....more
Market equity prices and indices continued to decrease for many energy companies during 2020. For instance, between January 13, 2020, and December 31, 2020, the S&P Oil & Gas Exploration and Production Select Industry...more
1/21/2021
/ Balance Sheets ,
Business Assets ,
Equity Markets ,
Exploration and Production Assets ,
Goodwill ,
Index Funds ,
Loss of Goodwill ,
Oil & Gas ,
Privately Held Corporations ,
Publicly-Traded Companies ,
S&P
Now is the time for oil and gas companies emerging from Chapter 11 bankruptcy to adequately address their associated fresh-start reporting and valuations....more
Oilfield service companies will need to preserve capital and ride out the current storm before they can expect to see an uptick in activity....more
The global and domestic financial markets have seen significant downward volatility over the past several weeks coming on the heels of continued uncertainty related to the spread of the coronavirus (COVID-19) worldwide. The...more
Find out why adequetely addressing year-end goodwill and long-lived asset impairment testing procedures improves financial audits, reviews and allows for greater transparency.
Market equity prices and indices continued to...more
1/9/2020
/ Accounting Standards ,
Balance Sheets ,
Business Assets ,
Capitalization ,
Commodities ,
Corporate Governance ,
Dow Jones ,
Energy Sector ,
Financial Statements ,
Goodwill ,
Oil & Gas ,
Privately Held Corporations ,
Publicly-Traded Companies ,
S&P ,
Transparency
In the years since Financial Accounting Standard (FAS) 141 (now codified as ASC 805, Business Combinations) was implemented in 2001, most business combinations have resulted in the recognition of goodwill or have been...more
By Kevin Cannon With the recent decrease in crude oil prices and market capitalizations, auditors and regulators will now very likely have a renewed focus on impairment testing for goodwill and long-lived assets on the...more
Over the last few years, technology has become increasingly more prominent in the extraction and production of oil and natural gas. Oilfield service and drilling providers have worked to develop greater technological...more
6/5/2018
/ Accounting Standards ,
Audits ,
Exploration and Production Assets ,
Natural Gas ,
Oil & Gas ,
PCAOB ,
Purchase Price ,
Research and Development ,
Resource Extraction ,
Valuation ,
Well Drilling