November-December 2018 Archives Page 3 of 3 - OILMAN Magazine
2018 November-December 

The ROI of Business Continuity Can Be Found in the Cloud

Hurricane Harvey was a sobering reminder that producers in Texas, Louisiana and Oklahoma – no strangers to catastrophic and costly storms – frequently face the potential for significant impacts to their business from weather-related disasters. Beyond the immediate disruption to communication infrastructure, roads, and buildings, producers must brace themselves for revenue losses due to operational interruptions, as well as commodity… Read More
2018 November-December 

Commodity Hedging: Lessons Learned by Early Adopters of New Hedge Accounting Rules

For public companies with a December 31, 2018 fiscal year-end, new hedge accounting rules will become effective on January 1, 2019. The FASB (Financial Accounting Standards Board) issued the new hedge accounting guidance on August 28, 2017, through ASU (Accounting Standards Update) No. 2017-12. The ASU provided the election to early adopt the new guidance and some companies made the… Read More
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