Full Title: The crude downturn for exploration and production companies
Author(s): Anshu Mittal, Vivek Bansal, Gregory Bean, Ashish Kumar, John Little, Deepak Vasantlal Shah
Publisher(s): Deloitte
Publication Date: December 1, 2015
Full Text: Download Resource
Description (excerpt):
The study period for our analysis is the past 15-18 months of low and falling oil prices (July 1, 2014, to September 30, 2015, where the financials or operational data of companies is used; July 1, 2014, to December 31, 2015, where the market data is used). The sample set of our analysis is pure-play exploration & production (E&P) companies (i.e., excluding integrated oil majors and national oil companies); refer to each set of options for more details. The second quarter of 2014, April to June, a period before the oil price crash, is used as a base period for doing comparisons or showing the changes made by companies over the past 15-18 months.