Monthly Archive: February 2016

How Will Exploration and Production Companies Weather the Storm of 2016?

On December 31, 2014, when the price of West Texas Intermediate crude oil dropped 50% from summer prices that year to just under $55.00 per barrel, experts predicted there would be a flurry of industry restructurings; but no one could predict how hard the industry would be hit and what the downturn would entail.When prices dropped another 40% in 2015 we were reminded that the oil and gas exploration and production business operates in an unpredictable cycle making planning difficult.While experts cannot agree when this cycle will hit bottom and at what price, they appear to have agreed that relief will likely not occur in 2016.

For those that survived the bust in the early 1980s and again in late 2008, by comparison 2016 looks grotesque. What is so grotesque about this downturn is not just the number of companies that will be hurt but that efforts to recapitalize or … Read This Post

Transformance Partners with Clay Piggy to Educate Children

Dallas, 01/26/2016 /SubmitPressRelease123/

Will Provide a Continuous Financial Education Program for Title I Schools

DALLAS, TX (Jan. 27, 2016) – Transformance, Inc., a 42-year-old nonprofit organization providing financial counseling, outreach and education, has formed a strategic partnership with Clay Piggy, LLC to serve Title I schools. Under an initiative called Pocket Change Kids, Transformance will deliver community-based program elements in conjunction with financial institutions, private foundations and other sponsoring organizations seeking to sponsor youth-oriented financial education. Clay Piggy will provide an experiential e-learning platform transferring financial literacy knowledge and a common sense attitude toward money.

The need for an early start in the fundamentals of financial literacy is evident across North Texas. According to the Corporation for Enterprise Development (CFED) publication Asset Poverty amp; Liquid Asset Poverty: 2015 Assets amp; Opportunity Scorecard, the majority of low-to-moderate income households live paycheck to paycheck, don’t save for retirement and don’t have sufficient … Read This Post