The Next Imperative

In the newest episode of The Next Imperative, Geoff Angulo is joined by Andy Zagoren and John Norton to unpack the exploration crisis facing today’s oil & gas industry. They discuss why exploration success rates have dropped sharply over the past 15 years, how financial pressures and underinvestment have created a skills gap, and what companies can do to reverse the trend. The conversation also explores how data, AI, and cross-industry lessons can help revitalize exploration strategies for the future. Read our recent whitepaper, “Tackling Challenges in Exploration” here: https://www.alvarezandmarsal.com/thought-leadership/tackling-challenges-in-exploration-driving-fundamental-change-in-strategy-and-execution

In the newest episode of The Next Imperative Geoff Angulo is joined by Managing Directors Mark Rajcevich and Brett Bergamo. The conversation revolves around the current clean energy landscape, financial pressures facing the industry, operational challenges, and strategic advice for companies navigating market turbulence in the renewable energy sector.  Learn more in our lastest report: https://www.alvarezandmarsal.com/thought-leadership/clean-energy-distress-market-landscape-navigating-shifting-dynamics-and-supporting-operators-through-volatility

Welcome to the third episode of Alvarez & Marsal's global gas marketing and trading series on The Next Imperative podcast. In this episode, host Geoff Angulo is joined by LNG thought leaders John Corrigan and Alberto Corvo, Managing Directors at Alvarez & Marsal, to discuss the operational risks associated with global LNG trade. As North American natural gas producers look to increase revenues through marketing and trading LNG on the international stage, they face new operational challenges. The conversation explores the entire LNG value chain, from liquefaction to shipping logistics, and examines how companies can effectively manage risks in the global market. The experts provide insights on navigating maritime issues, quantifying risk, managing currency exposures, and developing effective trading strategies. They emphasize the importance of learning from industry veterans and building the right capabilities to succeed in international markets. Tune in to hear valuable perspectives on operational risk management in the growing LNG trading space and the key considerations for companies expanding beyond domestic markets. To learn more about Alvarez & Marsal, click here: https://www.alvarezandmarsal.com/\

Welcome to another episode from Alvarez & Marsal! Host Geoff Angulo, Senior Director at Alvarez & Marsal, sits down with LNG industry experts Alberto Corvo and John Corrigan to explore the complexities and risks of trading LNG on an international scale. Alberto and John break down the key risks involved and discuss how simulations and models can help quantify and manage them. They emphasize the importance of selecting the right models tailored to specific needs for the most accurate risk assessment. The conversation wraps up with insights on the challenges of Know Your Customer (KYC) and FCPA compliance, contract risks, and strategies for hedging inventory when shifting from immediate pipeline sales to managing weeks of inventory. Tune in to hear expert perspectives on the changing dynamics of LNG and what lies ahead for this critical energy sector. To learn more about Alvarez & Marsal, click here!

Welcome to a new episode from Alvarez & Marsal, host Geoff Angulo, Senior Director with Alvarez & Marsal, is joined by LNG industry experts Roy Abou Tayeh, Renee Klimczak, and John Corrigan. Together, they dive into the evolving landscape of Liquefied Natural Gas (LNG) and explore the opportunities, challenges, and future developments shaping the global market. The discussion covers the current state of global LNG supply and demand, the U.S.’s growing role as a dominant exporter, and how capital projects are reshaping the LNG space. The guests also share insights into key players across the LNG value chain, from trading houses to major oil companies, and how the industry is planning for future growth amid market shifts. Tune in to hear expert perspectives on the changing dynamics of LNG and what lies ahead for this critical energy sector. To learn more about Alvarez & Marsal, click here!    Host: Geoff Angulo, Senior Director with Alvarez & Marsal - Energy Guests: Roy Abou Tayeh, Senior Director with Alvarez & Marsal Renee Klimczak, Managing Director with Alvarez & Marsal John Corrigan, Managing Director with Alvarez & Marsal   Time Stamps: (00:00 - 00:45) Introductions (00:46 - 04:15) Global Supply and Demand with LNG (04:16 - 13:34) LNG in the U.S. (13:35 - 16:35) Capital Projects in the LNG Space (16:36 - 23:05) Planning for the Foreseeable Future (23:06 - 24:52) Opportunities and Change Ahead (24:53 - 25:25) Closing

Welcome back to The Next Imperative! Today, on our segment on Energy, Industry, and M&A, our host Geoff Angulo is joined by Mark Clevenger - Managing Director with Alvarez & Marsal, Jay Campbell - Managing Director with A&M, and Andrew Burns - Senior Director with  A&M. Today the conversation revolves around merging, day one after a close, change management, and all the advice you need to get around issues when transitioning companies.   Host: Geoff Angulo, Senior Director with Alvarez & Marsal - Energy Guests: Jay Campbell, Managing Director with Alvarez & Marsal Mark Clevenger, Managing Director with Alvarez & Marsal Andrew Burns, Senior Director with Alvarez & Marsal   Time Stamps: (00:00 - 01:16) Introductions (01:17 - 05:11) Proper Preparation for Acquisitions (05:12 - 12:52) Ensuring Seamless Integration (12:53 - 18:33) Common Synergy Categories (18:34 - 25:00) Causes for Not Reaching Goals (25:01 - 27:21) Important Aspects of a Successful Transaction (27:22 - 30:30) Exceeding Synergy Targets (30:31 - 31:06) Closing

Welcome back to The Next Imperative! Today, on our segment on Energy, Industry, and M&A, our host Geoff Angulo is joined by Wade Stubblefield - Managing Director with Alvarez & Marsal, Jacques Duplantis - Managing Director with  A&M, and Andrew Burns - Senior Director with Alvarez & Marsal. Today the A&M group focuses on integration, how to help employees, making the merger go as smoothly as possible, what to watch for, and much more. Gain a ton of tips, and useful knowledge to help your business become successful.   Host: Geoff Angulo, Senior Director with Alvarez & Marsal - Energy Guests: Wade Stubblefield, Managing Director with Alvarez & Marsal Andrew Burns, Senior Director with Alvarez & Marsal Jacques Duplantis, Managing Director with Alvarez & Marsal Time Stamps: (00:00 - 01:04) Introductions (01:05 - 09:57) Transitioning Employees after a Merger (09:58 - 19:23) Breaking Down a Successful Integration (19:24 - 24:54) Integration Management Office (24:55 - 30:12) Risks of Bad / No Planning (30:13 - 34:46) Pre-Close Planning Successes (34:47 - 35:18) Closing

Welcome back to The Next Imperative! Today, on our segment on Energy, Industry, and M&A, our host Geoff Angulo is joined by Wade Stubblefield - Managing Director with Alvarez & Marsal, Teal Reamer - Managing Director with Alvarez & Marsal, and Mark Clevenger - Managing Director with Alvarez & Marsal. Listen in as these industry experts share their tips and advice on preparing for the pre-close phase of a deal. Learn how to deal with imperfect information and the importance of communication to your entire team in this phase of the deal. You won’t want to miss out on this informative episode. Make sure to like and subscribe! Host: Geoff Angulo, Senior Director with Alvarez & Marsal - Energy Guests: Wade Stubblefield - Managing Director with Alvarez & Marsal Mark Clevenger - Managing Director with Alvarez & Marsal Teal Reamer - Managing Director with Alvarez & Marsal   Time Stamps: (00:00 - 00:56) Introductions (00:57 - 03:01) Before the Announcement (03:02 - 06:06) Pitfalls in the Early Stages (06:07 - 10:10) Dealing with Imperfect Information (10:11 - 16:14) It’s Never Too Early to Plan (16:15 - 20:03) Real World Examples (20:04 - 21:21) Advice to Help You Begin (21:22 - 22:00) Closing

Welcome back to The Next Imperative! Today, on our new segment on Energy, Industry, and M&A, our host Geoff Angulo is joined by Ken Brandes - Senior Advisor with Alvarez & Marsal, Julie McLaughlin - Managing Director with Alvarez & Marsal, and Mark Clevenger - Managing Director with Alvarez & Marsal. Our guests bring up interesting points regarding synergy, portfolio optimization, consolidation, and current oil and gas industry trends. The Alvarez & Marsal team gives us an insight into what innovations and systems are currently in place and evolving to continue growing the energy industry. Don’t miss out on this informational episode, and tune in now! Host: Geoff Angulo, Senior Director with Alvarez & Marsal - Energy Guests: Ken Brandes - Senior Advisor with Alvarez & Marsal Julie McLaughlin - Managing Director with Alvarez & Marsal Mark Clevenger - Managing Director with Alvarez & Marsal   Time Stamps: (00:00 - 01:00) Introductions (01:01 - 05:58) Portfolio Optimization and Consolidation (05:59 - 07:53) Different Distributions Systems and Processes (07:54 - 10:50) Oil and Gas Trends (10:51 - 13:20) Expansion of the Oil and Gas Sector (13:21 - 17:22) Power Generation Innovations (17:23 - 22:00) Researching Trends and Projections (22:01 - 25:30) Communicating the Strategy for Success (25:31 - 28:47) Different Risks and Opportunities of Synergy (28:28 - 29:19) Closing

Welcome back to The Next Imperative! Our host Geoff Angulo is joined by Reyad Nasser - Managing Director with Alvarez & Marsal, Ben Jackson - Managing Director with Alvarez & Marsal - Energy, and Alan Pender - Managing Director with Alvarez & Marsal - Energy. In today’s episode, join these gentlemen as they discuss the new corporate metric put onto the drilling sites, and how you can reach this capital efficiency. Dive into the different pros and cons that come from IOCS vs. independents and how these two could take the best of each other to change the game in the oil & gas industry. Don’t miss out on this informational episode and tune in now! To learn more about Alvarez & Marsal click here: https://www.alvarezandmarsal.com/industries/energy Host: Geoff Angulo, Senior Director with Alvarez & Marsal - Energy Guests: Reyad Nasser - Managing Director with Alvarez & MarsalBen Jackson - Managing Director with Alvarez & Marsal - EnergyAlan Pender - Managing Director with Alvarez & Marsal - Energy Time Stamps: (00:00 - 01:10) Introductions (01:11 - 04:23) Defining Capital Efficiency (04:24 - 06:44) Delivering the Corporate Metric (06:45 - 09:11) Historical Context (09:12 - 14:22) Getting an Even Recovery (14:23 - 17:30) Trends Today (17:31 - 19:50) The Now What (19:51 - 27:42) Trial & Error vs. Modeling (27:43 - 31:16) Differentiating Between IOCs and Independents (31:17 - 36:56) Levers of Succes for IOCs (36:57 - 40:36) Key Takeaways (40:37 - 40:56) Closing

Welcome back to The Next Imperative! Our host Geoff Angulo is joined by Reyad Nasser - Managing Director with Alvarez & Marsal, Jay Campbell - Managing Director with Alvarez & Marsal - Energy, and Alan Pender - Managing Director with Alvarez & Marsal - Energy. In today’s episode, hear how Alvarez and Marsal use data to help their clients get a holistic view of their sites. Tune in near the end to hear how the oil and gas industry is dealing with emission regulation and the future that may come from electronification. Don’t miss out on this informational episode and tune in now! To learn more about Alvarez & Marsal click here: https://www.alvarezandmarsal.com/industries/energy Host: Geoff Angulo, Senior Director with Alvarez & Marsal - Energy Guests: Reyad Nasser - Managing Director with Alvarez & MarsalJay Campbell - Managing Director with Alvarez & Marsal - EnergyAlan Pender - Managing Director with Alvarez & Marsal - Energy Time Stamps: (00:00 - 00:23) Intro (00:24 - 01:41) The Risk of Tolerance (01:42 - 09:10) Two-Pronged Approach (09:11 - 14:40) Utilizing Data to Improve (14:41 - 21:07) Focus Beyond Costs and Key Takeaways (21:08 - 22:56) Culture Matters (22:57 - 31:27) Role of Emissions (31:28 - 31:48) Closing

Welcome back to The Next Imperative! Our host Geoff Angulo is joined by Reyad Nasser - Managing Director with Alvarez & Marsal, Jay Campbell - Managing Director with Alvarez & Marsal - Energy, and Alan Pender - Managing Director with Alvarez & Marsal - Energy. Listen to a conversation about managing base production and the opportunity for improvement at the drilling site. Learn how to optimize your capital and workforce to make your well the most profitable it can be! Don’t miss out on this informational episode and tune in now! To learn more about Alvarez & Marsal click here: https://www.alvarezandmarsal.com/industries/energy Host: Geoff Angulo, Senior Director with Alvarez & Marsal - Energy Guests: Reyad Nasser - Managing Director with Alvarez & MarsalJay Campbell - Managing Director with Alvarez & Marsal - EnergyAlan Pender - Managing Director with Alvarez & Marsal - Energy Time Stamps: (00:00 - 01:00) Introductions (01:01 - 10:03) Managing Base Production (10:04 - 12:49) What Does Good Look Like? (12:50 - 16:11) Allocating Capital (16:12 - 20:34) Finding Marginal Wells (20:35 - 22:02) The Benefit of Scale (22:03 - 26:55) Optimizing Lease Operators (26:56 - 27:17) Closing

Welcome back to The Next Imperative! Our host Geoff Angulo is joined by Nick Carnrite, Reyad Nasser, and Renee Klimczak, all Managing Directors with Alvarez & Marsal. They discuss the change in using portfolios in today's climate, IOC optimization, learning from independent players, and so much more. You will not want to miss out on this insightful episode.

Welcome back to The Next Imperative! Our host Geoff Angulo is joined by Managing Director AI Carnrite and Senior Advisor Jay Johnson.   In today’s episode, join these gentlemen as they discuss the constant change in the oil and gas industries, and current innovations that are leading to great solutions. Learn how Integrated Oil companies are planning towards success in this constant evolving economy. They also bring up how exploration in these industries is having a comeback due to high demand of resources. Don’t miss out on this informational episode and tune in now!   To learn more about Alvarez & Marsal: https://www.alvarezandmarsal.com/insights/shifts-energy-landscape   Host: Geoff Angulo, Senior Director with Alvarez & Marsal - Energy   Guests: AI Carnrite - Managing Director with Alvarez & Marsal Jay Johnson - Senior Advisor with Alvarez & Marsal - Energy   Time Stamps: (00:00 - 01:10) Introductions (01:11 - 03:11) New Changes in the Oil Field (03:12 - 06:16) Natural Gas as an Ideal Fuel (06:17 - 08:40) Integrated Oil Companies (08:41 - 11:40) Developing Solutions for Constant Changes (11:41 - 13:13) Relentlessly Pursuing Objectives Towards Success (13:14 - 17:15) IOC Energy Transition (17:16 - 19:55) Independent Cash Flows (19:56 - 23:37) Comeback of Exploration (23:38 - 28:33) Future of HydroCarbons (28:34 - 32:15) Opportunity to Grow People (32:16 - 32:56) Closing

Welcome back to The Next Imperative! Out host Geoff Angulo is joined by Rogers Herndon and a special guest Ryan Phillips the CEO of Axis Energy Services. Ryan tells us how he started in the oil industry and started working with Rogers, a Managing Director with Alvarez & Marsal. We then get into how Ryan runs Axis Energy Services differently by doing a P&L with every rig every day, and how he accomplished this with the help of A&M. Follow the discussion as we dive into subjects like giving ownership to your employees, saving profit with change, moving rigs, and so much more. Don’t miss out on this informational episode and tune in now! Host: Geoff Angulo, Senior Director with Alvarez & Marsal - Energy Guests:  Rogers Herndon - Managing Director with Alvarez & Marsal  Ryan Phillips - Axis Energy Services CEO Time Stamps: (00:00 - 00:51) Introductions (00:52 - 10:45) Background on our Guest (10:46 - 12:35) Meeting Rogers (12:36 - 20:52) Dayliy P&L (20:53 - 30:30) Saving A Month & Improving Rigs (30:31 - 39:35) Giving a Sense of Ownership (39:36 - 40:43) Closing Thoughts

Welcome back! In this episode, we discuss the changing landscape of the supply chain industry and how you can take control of your supply chain department with Sean Laffere and Jacques Deplantis. We dig deep into the supply chain processes and how essential a trustworthy system is to creating forecasts and maximizing efficiency in your supply chain. If you are a business-minded individual looking for a trustworthy source of information, you have come to the right place, don’t miss this episode! To learn more about Alvarez & Marsal click here: Energy | Alvarez & Marsal | Management Consulting | Professional Services (alvarezandmarsal.com) Host:Geoff Angulo, Senior Director with Alvarez & Marsal - Energy Guests:Sean Laffere, Managing Director with Alvarez & MarsalJacques Deplantis, Managing Director with Alvarez & Marsal - Energy Time Stamps: (00:00 - 01:01) Introductions (01:02 - 03:24) Supply chain steps into the spotlight (03:25 - 06:56) Supply chain changes affecting OFS (06:57 - 08:53) Steps to improve your supply chain department (08:54 - 10:00) Capitalizing on processes, people, and technologies (10:01 - 11:16) Trusting in the plans and systems (11:17 - 12:18) Analyzing revenue, costs, and efficiency in supply chains (12:19 - 14:26) Where to begin with improving supply chains (14:27 - 17:10) Additional challenges to developing SIOP systems (17:11 - 18:53) Big takeaways (18:54 - 19:34) Closing

Description: Welcome back! In this episode, we discuss mergers and acquisitions in the oilfield sector with our guests Jacques Duplantis, and Mark Clevenger. We go in depth on transactions, client relationships, navigating culture and much more, if you are in the oil investment industry this is a must watch episode, as it is full of business-altering information, don’t miss out and watch now!  Host:Geoff Angulo, Senior Director Guests:Jacques Duplantis - Managing DirectorMark Clevenger - Managing Director Time Stamps: (00:00 - 00:42) Introduction (00:43 - 02:29) Slow down on transactions (02:30 - 04:15) Drivers in the oilfield sector today (04:16 - 09:19) How to build a good investment strategy for clients (09:20 - 12:00) The best way to advise clients and stay away of traps (12:01 - 15:14) Looking at the future of transactions in the industry (15:15 - 17:36) Investment advice for oilfield executives (17:37 - 18:11) Closing

As we approach the one-year anniversary of the signing of the Inflation Reduction Act, join us and a panel of industry experts to share front-line learnings related to one of the key frontier areas of the IRA:  the extension of tax incentives to stand-alone battery energy storage. Join Kevin M. Jacobs, Managing Director at Alvarez & Marsal Tax, Rogers Herndon, Managing Director at Alvarez & Marsal Corporate Performance Improvement, Christopher Scott, Renewable Energy Investments at Google, Chris Taylor, CEO at GridStor, Jamie Stahle, President/COO at CCA Group, Sharriff Barakat, Partner at Akin Gump.  Topics that will be covered include: Tax Equity Partnerships vs. Transferability – pros and cons Diligence and structuring – early learnings Tax credit recapture risk and related insurance requirements Domestic content guidance Alta Wind – US federal Court Claims Case fallout Pricing and market participation   

In this episode, host Geoff Angulo, Senior Director with Alvarez & Marsal Energy, sits down with two other Senior Directors of Alvarez & Marsal Energy, Gillian Tilbury and Jeff Cass. The three discuss talent management and retention within an OFSE company. Tune in to learn more about challenges affecting retention, KPI’s, turnovers, enhancing margins, and more!  Host:Geoff Angulo, Senior Director Guests:Gillian Tilbury, Senior DirectorJeff Cass, Senior Director Time Stamps: (00:00 - 00:51) Introduction (00:52  - 04:07) New Challenges Affecting Retention (04:08 - 07:06) Advising Clients (07:08 - 19:13) Enhancing Margins and Company Culture (19:14 - 20:59) Key Pieces of Advice (21:00 - 26:05) Initial Approaches for CHRO/COO (26:06 - 26:42) Outro

In this episode, host Geoff Angulo, Senior Director with Alvarez & Marsal Energy, sits down with two Managing Directors from Alvarez & Marsal Energy, Al Carnrite and Francois Bardi. They discuss what a world-class OFSE company looks like, the future of OFSE, and how those companies can differentiate themselves. Tune in for a deep dive into the need for short term compensation and why there is a need to go digital in order to succeed. To learn more about Alvarez & Marsal click here: https://www.alvarezandmarsal.com/insights/what-does-world-class-ofse-company-look    Host: Geoff Angulo, Senior Director with Alvarez & Marsal - Energy Guests: Francois Bardi, Managing Director with Alvarez & Marsal - Energy Al Carnrite, Managing Director with Alvarez & Marsal - Energy   Time Stamps: 00:00 - 00:56 Introduction 00:57 - 05:17 What Does A World-Class OFSE Look Like 5:18 - 08:30 The Future of World-Class OFSE 08:31 - 12:33 OFSE Companies Differentiating Themselves 12:34 - 18:54 How to Move OFSE Forward 18:55 - 19:39 Outro