Mergers and Acquisitions Outlook for Oil & Gas: Integration a Key Hold-up
Mergers and Acquisitions for 2014
The Rice Energy Finance Summit promotes forward-looking discussion on important energy issues, like mergers and acquisitions, and facilitates relationships in this business sector through the exchange of information and ideas.
Mergers and Acquisitions: Getting the Numbers Right
Merger and Acquisitions and Valuation
Amassing the right data is paramount to being able to arrive at an accurate valuation during mergers and acquisitions. Without data, it is easy to make decisions based on inaccurate intelligence.
Oil and Gas Data Management: Getting Ahead in a Challenging Atmosphere
Oil and Gas Data Management Options
Data management involves handling data throughout its life cycle in addition to the infrastructure upon which it resides. The amount of data that oil and gas companies generate is continually growing, as is the infrastructure upon which that data resides.
Mergers and Acquisitions A Key Growth Factor for Oil and Gas Service Companies
I’ve discussed recently how mergers and acquisitions are a key play for oil and gas companies. A report from Ernst & Young, “Dynamic dealmaking in oilfield services,” confirms these predictions, in this case for the oilfield services industry.
As one CFO interviewed for the survey stated, a slow economy makes it difficult to grow organically, so M&A is seen as an alternative for growth:
Mergers and Acquisitions to Jump During Uncertain Financial Times
This past month, we attended the Total Energy USA conference here in Houston, and one of the most interesting sessions included speaker Alexandra Pruner CFO, Tudor, Pickering, Holt & Co. on the topic of dealing with financial uncertainty for energy companies. Pruner shared some interesting predictions for 2013 that are worth passing on:
Steps for Managing Compliance During a Merger or Acquisition
When a company is facing M&A, the necessity of merging two IT systems can sometimes raise some interesting issues surrounding compliance. As you examine the data, you may discover gaps in the information you are tracking. The stakes for non-compliance are high, so don’t leave this risk to chance!
To begin evaluating whether you have this issue covered, first understand whether your current system for tracking leases and regulations is adequate:
Human Resources the big squeeze in oil and gas today
Entrance recently attended the Rice Energy Finance Summit (REFS), and there were two big topics of discussion, the need for personnel and chronically low natural gas prices. According to REFS speaker Ken Hersh, CEO of the NGP Energy Capital Management, the only way that any company can possibly compete is to focus on three things:
- Low cost plays
- Customer service
- Keep drilling close to market
Rice Energy Finance Summit: mergers and acquisitions a key play in the oil and gas business
Entrance attended the Rice Energy Finance Summit (REFS) this week to get a closer look at how the finance world is viewing the effects of oil and gas on the economy and our businesses. Across the board, all the speakers focused particularly on how the “Shale Gas Revolution” is working to change the economy not only of the US, but of the whole world. Where before the US appeared to be facing an energy shortage and mass imports of fossil fuel from foreign countries, 100 year or more reserves of natural gas, all from within our border, has changed that landscape. Some reports say that the U.S. will reduce imports of non-Canadian oil, perhaps eliminating all Middle Eastern suppliers by 2020. And we have vastly improved drilling technology to thank for it.Read More
Knowledge Management Panel at the Houston City Club
Entrance’s director of consulting, Chad, participated in a panel discussing knowledge management this week at the Houston City Club. The main driver of the conversation was a central issue that most companies are grappling with today: how can organizations capture the valuable mind share housed within their employee base, whether in the situation of an aging workforce, a merger or otherwise?
Most companies are busy just keeping their operations moving, so oftentimes they just forget that all their employees won’t always be there. When an employee moves on, it is very important to capture what is needed to accomplish the job, no matter who is sitting in that desk.Read More
Nate Richards M&A panelist at the President’s Forum
Entrance’s president, Nate Richards, participated in an a panel focusing on mergers and acquisitions this week with a group of professionals related to the topic, including a lawyer, CPA, valuation consultant and an attorney. Each of the panelists had a slightly different perspective on the topic, but the main driver of the panel was this: there are no mergers and acquisitions without data.
The panel discussion covered the life cycle of an M&A purchase, from valuation to close. Here are a few points related to different points in the process:Read More
How do we effectively manage data during mergers and acquisitions?
When I received a notification that Robbins & Myers and National Oilwell Varco had announced a merger, it seemed like perfect timing to talk a bit about Mergers and Acquisitions from a data management perspective. “Mergers and Acquisitions are the lifeblood of growth” (Mike Gorsage for INC. Tech) but “companies that approach such an [IT] integration hastily are often unpleasantly surprised by the complexity..or the cost it will add to the transaction.”
Think about how complicated your company’s data systems already are, and then imagine adding another organization’s functionality that’s equally complex. Especially in Oil and Gas, everyone has invested in different platforms, software, hardware and data models, and those systems are integrated specifically to meet the needs of the company they are supporting. So adding all of those connections together can result in a tangle of connections that just creates a huge mess to clean up. At Entrance, we’re able to turn that headache into a seamless transition. We work to understand and document the processes represented by those digital assets, and then consolidate the intricacies of two companies worth of information into a system of systems that makes sense.