Price shocks should come as no surprise to the oil and gas industry, according to Alan Carnrite, founder and CEO of The Carnrite Group, a Houston- and London-based boutique management consulting firm. They show up like clockwork every few years. The only thing shocking to Carnrite is how many companies are perpetually unprepared for the inevitable downturn in commodities when they do happen—like now.

The Carnrite Group is in the business of transforming companies. In the current environment, oil and gas clients faced with strategic, operational and financial challenges, as well as oversized cost structures and underperforming portfolios, look to Carnrite to help them navigate this unprecedented environment. Formed in the early 1990s during the recovery period following the legendary bust of the 1980s, Carnrite has seen its share of downturns—and has guided numerous companies through them.

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