The 2000s witnessed unprecedented global growth and tremendous demand for oil, gas and other fossil fuels. To meet demand, firms turned to new techniques for oil and gas drilling. In particular, fracking technology changed the game and made North America one of the top oil and gas producers in the world. Abundant worldwide supply has overtaken demand and the value chain is adjusting to the new normal of abundant fossil fuels. As a result, both E+P companies and Oil Field Service companies remain overleveraged and faced with an immediate need to reduce its operational cost structure to offset falling commodity prices in the foreseeable future.
LM+Co can help companies adjust their strategies, restructure their operations and capital structure to confront turbulent market conditions.