Companies grappling with serious crises such as declining market share, profitability, liquidity crunch or adverse legal or regulatory decisions need experts at the helm to steer a company’s turnaround. Often, the challenge is to identify and implement profound organizational changes swiftly to solve a multitude of concurrent issues.
The consultants at Hinds Feat Advisors have the experience needed to not only focus on a quick recovery but also implement those systemic, strategic changes needed to safeguard the company’s future. Our expertise in restructuring, mergers & acquisitions, and performance optimization mitigate risks to the survival of the business and put it back on the road to recovery. Our turnaround services include:
Upstream Producer, ENERGY - Contract services as Interim CEO for private equity owned $75-100MM/yr revenue upstream producer. Pushed culture to focus on operating cash flow. Comprehensive transformation of company operations resulting in (1) breakeven performance at $35/bbl oil in generally higher cost fields, (2) lowered LOE by 20% in first 90 day period while maintaining production and (3) lowered overhead by 50% over 6 months.. Refocused E&P strategy on infill low capital opportunities with a projected 3X return on investment and increase in daily production of 10%. Renegotiated finance package adding 18 month operating runway.
Natural Gas Company, ENERGY - Contract services as Interim President & CFO for private equity owned $35-65MM/yr revenue gas producer. Cultural transformation of company employees to think in production required to pay for each spend, resulting in: (1) lowered LOE by 45% while maintaining production, achieving a sustainable LOE of $1.00/MMBTU, (2) moved to outsourcing of certain functions leading to $4MM in annual savings in overhead and (3) implemented data analytics and cloud based IT strategy. Renegotiated finance package to more favorable terms, Marked some 25,000MMBtu/d of natural gas.
Midstream Gas Storage Company, ENERGY - Contract services as Interim President and CEO of a Midstream natural gas storage company. Led company through protracted and byzantine Chapter 11 Bankruptcy process. Negotiated a revenue sharing agreement to optimize facility operations while minimizing required operating capital. Negotiated DIP financing with accordion feature. Renegotiated fees for remaining construction related costs resulting in capital savings of $3MM all-the-while ensuring facility was completed according to adjusted specifications, timelines and budget.
Upstream Oil/Gas Production Company, ENERGY - Contract services as Interim CFO for privately owned upstream oil and gas producer. Reduced LOE by $2/BBL, reduced rebills by 50% and collected over $35MM in suspended revenue. Marked 10,000BBL/d in oil achieving $3 uplift per barrel.