For public companies with a Dec. 31, 2018, fiscal year-end, new hedge accounting rules will become effective Jan. 1, 2019. The FASB issued the new hedge accounting guidance Aug. 28, 2017, through Accounting Standards Update (ASU) No. 2017-12. The ASU provided the election to early adopt the new guidance...
Let’s face it — housing, especially in areas like the Permian Basin, is hard to come by. Companies in energy, construction and similar industries with the need for short-term housing can find it difficult to locate housing options that are both convenient and affordable.
Digital transformation. We hear this term used in many different contexts in our day to day conversations. Regardless of when or how it is used, one thing is clear, digital transformation could be the key to ensuring an organization’s survival over the next several years. During the recent Enaxis...
As I mentioned in our last issue, I’ve been employed in some way, shape or form by the oil and gas industry since my first summer job working as a welder’s helper on a pipeline crew in South Texas in 1976. The minimum wage at the time was something...
This fall finds me teaching Honors College freshmen in an introductory course under the rubric of Energy. Other sections address themes such as Sustainability, Media and even Happiness. The Honors Tutorial I is a required course for all Honors College matriculates. Instructors work with aspiring scholars on how to read,...
Entropy, life-cycle accounting and the circular economy are terms and concepts indicative of how society now looks at the world differently than previous generations. As the global population pushes toward ten billion people by the end of this century, thoughtful approaches to sustainability will become ever more essential to...
When used correctly, social and community investing can be valuable for growing your business. Social investing is the practice of investing in companies that fit with your personal beliefs, such as health-related companies or pet supply businesses. Similarly, if you are against smoking, you would probably not invest in...
Several years ago in the midst of a family crisis, dear friends of ours counseled us to try to stay focused on praying for “best possible outcome” and reminded us that something good always comes from every terrible situation. When one is in the depths of despair, with so...
The final tax reform law includes important changes set to impact mining and oil & gas companies. Some of these new and altered provisions — outlined at the end of this article — will increase taxes paid by these companies. As the sector evaluates the impact of the most...
The goal of becoming a millionaire while starting out with “zero” is something we all can strive for — one bite at a time! I call it the 10 percent theory of asset accumulation and it works like this: A $1,000,000 goal when you are at the beginning of your...
