The decrease in oil demand as a result of the COVID-19 pandemic, along with the worldwide pendulum of supply and demand, has put many energy companies in financially difficult positions, including evaluations of operating efficiencies of their overhead and capital development projects, as well as constraints on cash flow and…
Matt Federle is a partner, Assurance Services, for Weaver, a national accounting firm. He is a member of the Texas Society of Certified Public Accountants, the American Institute of Certified Public Accountants, the Council of Petroleum Accountants Societies and the Dallas Young Professionals in Energy. Federle can be reached at matt.federle@weaver.com.
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.