Industry Insights Webinar

Event Details

Oil & Gas Impairment and Capital Strategy Insights with EY

Watch the Recorded Webinar here.

Download the EY Slide presentation here.

Within the first 6 months of 2020, oil and gas faced a dramatic downturn in demand, extremely volatile oil prices, and significantly altered access to the debt and equity markets – all of this amid the COVID-19 outbreak. Leveraging analysis from the first half of the year, EY oil and gas leaders will discuss the implications of these events as they relate to industry impairments, capital expenditures, transactions and beyond.

Guest Speakers

Herb Listen, Americas Energy Assurance Leader, Ernst & Young, LLP

Herb Listen is the Americas Energy Assurance Leader for EY. Herb has over 27 years of public accounting experience, specializing in providing services to domestic and multi-national companies in the Oil & Gas and Power & Utilities industries.

In addition to leading EY’s Americas Energy Assurance practice, Herb serves as a leader of EY’s Americas Oil & Gas Center, which is responsible for training and publishing industry thought leadership and technical accounting guidance for internal and external distribution.

Herb earned a BS in Accounting from Oral Roberts University. Herb is also a certified public accountant and senior member of the American Institute of Certified Public Accountants (AICPA).

David Johnston, US West Energy Strategy and Transactions Leader , Ernst & Young, LLP

David Johnston leads EY’s US-West Energy Strategy and Transactions practice. He is primarily responsible for assisting energy clients as they address their capital agenda, and specifically supports clients through complex business challenges including capital allocation, portfolio rationalization and optimization, reorganization, exploring alternative financing structures and M&A. David has significant experience leading global, multi-disciplined assignments with transaction values exceeding $50BN.

Prior to rejoining the firm, David worked at Goldman Sachs Group, Inc., where he was responsible for investing capital on behalf of Goldman’s balance sheet.

David received an MSA from the University of Notre Dame and a BBA from the University of Oklahoma in Finance. David is also a certified public accountant and a senior member of the American Society of Appraisers.

Moderator

Mitch Fane, US Energy Markets Leader, Ernst & Young, LLP

With more than 25 years of experience serving clients, Mitch Fane serves as the EY US Energy Markets Leader and as a Principal within the Transactions Advisory Services service line for Ernst & Young LLP. He is responsible for the financial analysis and fair market valuation of debt, equity securities, and intangible assets for closely held and publicly traded companies.

His work has spanned all segments of the oil and gas, petrochemicals, power and utilities, and renewables industries, with specific skills in mergers, acquisitions, restructurings, fairness opinions, strategic alternative evaluation purposes and collateral purposes. In addition, Mitch regularly helps clients with stockholder disputes, purchase price allocations and impairment testing, and tax planning.

He earned an MBA and a BBA from the University of North Florida.