PwC's Oil and Gas Deals practice invites you to join us for a webcast on January 28 at 1pm CST titled Full-year M&A update.
In the last quarter, further oil price deterioration and corrosion in capital availability amplified uncertainty in the oil and gas industry and pushed deal-makers to the sidelines.
While megadeals continued to help drive the deals total, they didn't move the needle enough in the quarter as total deal number reached five-year lows. There was a decline in overall volumes and deal values across all segments of the sector. As a result, full year 2015 total deals number was the lowest in the past five years. On the upside, 2015 average deal value was at a five-year high, as lower volumes and megadeals in previous quarters pushed up the average deal values.
Join PwC's webcast to hear more about the trends and drivers of oil and gas deal activity and capital market activity in 2015.
Click here to register: https://meetpwc.cvent.com/OilandGasFullYear
One hour of CPE credit will be offered to those individuals viewing the webcast live.
Please email email@example.com if you have any questions. We look forward to your participation.
About PwC's Energy Executive Webcast Series
PwC's energy executive webcast series provides practical guidance on recent energy issues and developments. Our webcasts, designed for energy executives, keep you informed of new and emerging issues impacting the energy industry and provide insight into recent trends and opportunities within the sector.
Questions? Contact Ashley Apel.
During this webcast, we will split our time discussing Legislative updates and delving deeper into the future of tax function.
US Tax Controversy: Mitigating risk and uncertainty in today's changing environment - September 29, 2015
For many companies, today’s tax controversy landscape represents a perfect storm. The Internal Revenue Service is increasing its enforcement efforts, focusing on large business tax compliance, and international tax issues. Audits are becoming more time-consuming for taxpayers and disruptive to their business. Join PwC as we discuss the current issues and challenges, and learn what you can do to mitigate risk and uncertainty.
Energy executive webcast series: Fit for $50 Oil: Managing through the trough - September 9, 2015
As oil prices remain depressed, leading oil and gas companies are moving beyond quick win cost reductions to align their strategy and cost structure to what is becoming the new normal. During our next Fit for $50 Oil webcast, we will outline the market pressures that continue to shape the pricing landscape. Using this insight and a series of case studies, we will also discuss the approaches top energy companies are taking to create a sustainable business model that supports growth opportunities.
Transaction Trends in Oil and Gas: 2015 mid-year Energy deals update - August 6, 2015
While the continued low oil price environment stalled deal-making in the upstream space during the first half of 2015, the midstream segment continues to engage in deal-making, particularly in corporate and mega-deals. Continued commodity price volatility pushed both corporate and financial investors to the side lines in anticipation for more clarity on the direction of the commodity prices.
Halfway through 2015, several tax themes have emerged and continue to develop. After serious consideration of "corporate-only" tax reform, the conversation has turned to an attempt to modernize the US international tax regime in a way that would benefit not only corporations but pass-through entities and the broader US economy. The tax conversations are not taking place in a vacuum but rather are caught up in the overall revenue debate, including the search for ways to pay for a long-term fix to the nation's infrastructure needs. And not to be forgotten, there is still the need to consider already-expire tax extender provisions. Our panelists will discuss the current tax state-of-play and the outlook for the second half of 2015 in the midst of all the change and challenges.
Impairments and related fair value measurements are top of mind for many energy companies given the current price environment. This webcast will provide you with information to help your accounting and reporting teams understand the valuation and impairment trends in the sector, including key assumptions, inputs and other considerations used by many energy companies in assessing long-lived assets for impairment. We will provide you with insights and analysis of recent impairment disclosures in SEC filings specific to the energy sector, and also share perspectives on challenging valuation matters and the road ahead.
US oil and gas deal-making stalled during the first quarter of 2015 as oil price volatility created uncertainty in the industry and pushed buyers to the sidelines. The decrease in M&A activity was particularly evident in the upstream E&P segment which saw a decrease in the number of announced deals by 67% sequentially, and 35% when compared to the same period last year respectively. Shale deals also ticked down as the velocity and magnitude of the commodity price drop shifted the attention away from growth strategies and into cost reductions. The question now is what does this mean for deal-making for the rest of the year?
The oil & gas industry is an asset intensive business which requires continuous capital investment in order to deliver value to its customers and shareholders, even during macro-economic events like we're facing today. Capital Productivity, the ratio of revenue derived from capital deployed, is a measure of that value. Capital Productivity is largely determined by Capital Efficiency -- funding the right projects at the right time, finding off-ramps for those that no longer align with corporate strategy, developing assets at the lowest cost possible, and getting to production faster than the competition.