Not All Barrels Are Created Equal: Leading with Cash Flow
In this episode of The Next Imperative, A&M's Energy & Natural Resources team experts Andrew Burns, Amandeep Singh, Joseph Halverson, and Maggie Chaddick join host Geoff Angulo to explore how upstream oil and gas operators are improving their competitiveness.
For decades, the industry measured success in barrels, uptime, and availability, but as cost structures tighten, assets mature, and investors demand more, the leading operators are making a fundamental shift: leading with cash flow.
The team breaks down A&M's upstream competitiveness assessment, which builds 100% gross, asset-level cash flow statements and pairs financial outcomes with the operational drivers behind them, from contract teardowns and third-party spend forensics to capital efficiency and maintenance philosophy. Along the way, they share real client stories, including an underutilized midstream facility that finally got addressed, hidden hub costs across 14 unmanned platforms, and the leadership mindset shifts required to turn a diagnosis into lasting free cash flow uplift. Rather than a list of hundreds of initiatives, this approach surfaces the three to five fundamental portfolio and operating model questions that change the course of a business.