In a competitive talent market, companies are reevaluating executive compensation packages to attract and retain top leadership. Compensation generally includes a base level of compensation combined with some form of...more
The Inflation Reduction Act (IRA) of 2022 significantly changed the U.S. Federal income tax code, including introducing the new Corporate Alternative Minimum Tax (CAMT). The CAMT is a parallel tax system that applies to...more
A survey of how oil and gas producers hedge....more
4/28/2021
/ Commodities ,
Energy Sector ,
Financial Statements ,
GAAP ,
Gas Prices ,
Hedging ,
Oil & Gas ,
Oil Prices ,
Surveys ,
Swaps ,
Upstream Contracts
On April 12, 2021, the U.S. Securities and Exchange Commission (SEC) issued guidance directed at the accounting for warrants utilized by many special purpose acquisition companies (SPACs). Significant valuation work and...more
The clock is ticking for the ultimate end of LIBOR. Here’s what companies should consider now for their hedge designations....more
Oil and gas companies should carefully review their contingent consideration and earnout provisions in purchase and sale agreements and be prepared for the reporting and valuation challenges that come with them....more
By Shane Randolph and Josh Schulte While energy markets continue to be volatile, fewer oil and gas producers have hedges in place than in prior years. In addition, a number of producers hedged with strategies containing sold...more
With over $370 trillion of global financial contracts referencing LIBOR (London Inter-bank Offered Rate), many oil and gas companies are curious about how the phase-out of LIBOR by 2021 could impact their organization. Many...more
8/21/2019
/ Alternative Reference Rates Committee (ARRC) ,
Banking Sector ,
Benchmarks ,
Central Counterparties ,
Clearing Agencies ,
Derivatives ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
Interest Rates ,
Libor ,
Market Participants ,
Oil & Gas ,
Secured Overnight Funding Rate (SOFR) ,
Strategic Planning ,
Swaps ,
UK
Energy markets continue to be volatile and producers continue to hedge. During the first three quarters of 2018, gas prices remained relatively flat while crude prices had a bumpy climb from $60/bbl to nearly $75/bbl. The...more
Wind farm owners and project sponsors have increasingly turned to corporate power purchase agreements (PPAs) and other hedging alternatives to secure predictable cash flows. Depending on the structure of these agreements,...more
Since its inception, technology has driven the development and transformation of the oil and gas industry. Technologies to locate and extract oil and gas reserves enabled the shale revolution, and a new revolution is around...more
For public companies with a December 31, 2018, fiscal year-end, new hedge accounting rules will become effective on January 1, 2019. The FASB issued the new hedge accounting guidance on August 28, 2017, through Accounting...more
11/5/2018
/ Accounting ,
Accounting Standards ,
Agricultural Sector ,
Commodities ,
Energy Sector ,
FASB ,
GAAP ,
Hedging ,
New Rules ,
Non-GAAP Financial Measures ,
Public Comment
With a lack of traditional utility power purchase agreements available to meet demand, wind project sponsors have turned to corporate power purchase agreements (PPAs) and other hedging alternatives to secure predictable cash...more