Oil & Gas Labor Shortages

Oil & Gas Labor Shortages | vcfo

Overcoming Labor Shortages in the Oil and Gas Industry The U.S. oil and gas industry has remained resilient through continued market volatility and tough-to-predict booms and busts – even through the compounding wake of COVID and other recent market disruptions. From 2014-2019, swings in oil prices negatively impacted more than 3,000 exploration, production, and oilfield …

Lease Accounting Updates that May Impact Your Business

ASC 842 is a new accounting standard set forth by the Financial Accounting Standards Board (FASB). It includes significant departures from its predecessor (ASC 840), applies to both lessees and lessors, and will have far-reaching impacts on many businesses. These impacts will include major changes to accounting practices and financial reporting, as well as increased …

Webinar: Reactivate Your Recruiting Strategies with Data

Recruiting, retention, and rewards programs… it’s all many executive leadership teams can think during this period now dubbed ‘The Great Resignation’. But what can you actually do about it to set your business up for success? Do you understand the financial benefit of having a strategic HR partner involved in every stage of the employee …

Capital for Oilfield Services

Oilfield Services Capital | vcfo

Improving Access to Capital for US Oilfield Services Companies For small- to medium-sized oilfield services companies in the United States, the financial impacts of the pandemic, competitive pressures, and a range of recent disruptors have made it incredibly tough to stay healthy. While the peak of the pandemic may be behind us, those oilfield services …

How to Recession-Proof Your Business

How to Recession-Proof Your Business | vcfo

Business leaders, investors, and market watchers are increasingly concerned about the possibility of an economic downturn in the relatively near future. These concerns are further inflamed by the repetitious coverage of the topic by media. Parts of the economy may already technically be in a recession. In turn, these factors are fueling rising concerns and …

How Can Workplan Analysis Strengthen Your Business?

Running a business requires a focus on many external forces, such as market and consumer behavior changes, labor markets, cost and pricing adjustments, capital needs, and more. Internal resources are best utilized by making sure the right people are in the right roles, systems are being properly utilized, and processes are as efficient as possible. …

How To Optimize Operations In Times Of Uncertainty

Using Competitive Insights to Optimize Operations in Times of Uncertainty The country is experiencing economic uncertainty. Whether you believe a recession is imminent or overblown media hype, the potential only makes the importance of tightening up operations more important. It’s never a bad time to reassess and implement improvements. Optimizing operations now will put you …

DE&I Implementation & Strategy

DE&I Implementation – Good Intentions vs. Strategies that Drive Results The vcfo team regularly meets with leaders to understand their business challenges and opportunities and how we can help to navigate them successfully. Our conversations are usually broad and focus on the why and how of their businesses. These interactions often lead to discussions about …

Benefits of Fractional HR Leadership

This article was co-authored by Teresa Foltz, vcfo Houston Senior People Operations/ HR Consultant, and Paul Hagerty, vcfo Dallas Senior People Operations/ HR Consultant. Outsourcing HR – 8 Benefits of Virtual or Fractional HR Leadership Employees have always been a company’s most important asset, but the events of recent years have driven that point home …

vcfo Houston Team Grows with Addition of Jose Perez-Bello, Consulting CFO

Joining vcfo’s Houston market as a Consulting CFO is Jose Perez-Bello. Jose is a senior finance professional with more than 30 years of experience in financial management roles in manufacturing and international energy ventures.  He is particularly skilled in oil and gas accounting, financial reporting, structuring finance and accounting functions and processes, financial modeling of capital …