Energy Companies Can Early Adopt New ASU to Simplify Business Combination Accounting

By Amy Stutzman, Opportune, Tulsa Accounting Standards Update 2015-16 (“ASU 2015-16”),  Simplifying the Accounting for Measurement-Period Adjustments, eliminates the requirement that an acquirer in a business combination restate prior period financial statements for measurement period adjustments. Due to the complexity of business combinations in the energy industry, acquirers often report preliminary estimates regarding the fair values of assets required and liabilities assumed.  These preliminary estimates are subsequently adjusted in the financial […]

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CAPITAL AVAILABILITY FOR E&PS

View this Oil and Gas Financial Journal article online  TRADITIONAL LENDERS UNABLE TO EXTEND ADDITIONAL CREDIT; SOME MAY REDUCE THEIR CURRENT EXPOSURE JOSH SHERMAN AND SEAN CLEMENTS, OPPORTUNE LLP, HOUSTON TO DATE, WTI has traded down as much as 60% from its 2014 peak, dipping below $50 for the first time in five and a half years. Natural gas has fallen in excess of 60% since its 2014 high and […]

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