Supply rising, demand falling, storage filling, prices crashing, coronavirus advancing, economies collapsing, future plans unraveling.

Anxiety levels soaring? Sure, everywhere but in the (virtual) board rooms and (at-home) executive offices of the oil and gas industry.

“I don’t need to calm anybody down,” Hillary Holmes, partner in the Houston office of Gibson, Dunn & Crutcher LLP, told “Remember in the industry we’re in, we’ve seen oversupply, we’ve seen decline in demand, we’ve dealt with hurricanes and explosions and other high-risk situations. We are a careful, thoughtful, adaptive industry. While this is a challenging situation, these experienced management teams and thoughtful boards are calm as they evaluate what steps to take next.”

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