The Governance of Junior Oil & Gas companies during economic downturns: an exploratory study investigating capital cost controls and governance practices.
Following the financial crisis of 2008, a different paradigm for junior and mid-sized O&G companies in Canada emerged. Our study tends to show the increasingly demand that junior and mid-sized energy companies started to abandon the approach of “build to sell” and create a new “build to last” mentality. This new reality is putting pressure on mid-sized and junior energy companies to develop a more disciplined approach to conduct their business.
We will share the preliminary work of an ongoing study, looking at benchmarking Canadian junior and mid-sized oil and gas companies. This exploratory study is investigating the sector to understand what constitutes best practices in business governance and execution – specifically in capital cost controls and governance practices.
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