Aligning with a New Reality: Right-Sizing G&A to Return Free Cash Flow to Stakeholders

Aligning with a New Reality: Right-Sizing G&A to Return Free Cash Flow to Stakeholders

Texas Mutual

With limited exit and financing alternatives, oil and gas companies must take steps to address G&A and overhead costs to ensure the financial health of the organization and their stakeholders. Dealing with market volatility and uncertainty, negative investor sentiment and depressed stock valuations aren’t new to the upstream oil and…

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Author Profile
Josh Sherman
Partner Complex Financial Reporting Group - 

Josh Sherman is the Partner in charge of the Complex Financial Reporting group of Opportune LLP, including oversight of the firm’s Denver and Tulsa offices. Josh has 20 years of experience in providing clients across the energy spectrum with technical research, capital marketsandSEC reporting assistance. Josh and his team of over 30 professionals have led all financial statement and disclosure aspects of the IPO process for over two dozen clients within the E&P, midstream, oilfield service and power sectors. In addition, he assists over 100 clients annually with researching, concluding and reporting for the most complex transactions affecting their businesses. Prior to joining Opportune, Josh worked in the audit and global energy markets department with Deloitte & Touche, where he managed the audits of regulated gas and electric utilities, independent power producers, and energy trading entities.

Josh previously served on the board of directors as Audit Committee Chairman of JP Energy GP II LLC (MLP), Trans Energy, Inc and Voyager Oil & Gas (Emerald Oil). Specifically, as the Lead Independent Director of Trans Energy, Josh initiated and led the company’s successful restructuring and ultimate sale to EQT – a transaction recognized by the M&A Advisor as a winner for the 2017 M&A Deal of the Year ($100MM-$200MM).

Outside of Opportune, Josh has been involved inseveral communityand school activities, including as a past Board Member and Audit Chair of the Literacy Council of Fort Bend County. Josh currently serves as Chairman Emeritus of the American Heart Association’s Paul “Bear” Bryant Award honoring college football’s Coach of the Year. Josh also currently serves on the Dean’s Energy Task Force and Executive Council of the Energy Management Program at The University of Texas at Austin McCombs School of Business.

Author Profile
Petar Tomov
Manager - 

Petar Tomov is a Manager in Opportune LLP’s Valuation practice and is one of the firm’s leading experts on employee and executive compensation matters. Combined with his time as a manager at KPMG, Petar has nearly 10 years of experience focusing on the valuation of stock-based compensation, complex securities and intangible assets for financial and income tax reporting. Petar holds a BS in Mathematics and an MBA from the University of Texas at Dallas.

3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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