BDO USA LLP said David Balderach, an industry veteran with more than 30 years of banking and restructuring experience, recently joined BDO’s business restructuring and turnaround services practice in the firm’s Houston office.
Having focused on the energy and oilfield services sector throughout his career, Balderach brings deep industry experience to BDO to advise companies, lenders and other investors on complex restructuring matters, the firm said in a statement.
Most recently serving as a senior vice president and manager of energy special assets, Balderach represented his former firm in multiple bankruptcy cases during the 2015-16 energy downturn. He also managed an industry-focused lending group where he led several borrowing syndicates. He is a graduate of The University of Texas at Austin.
Compelling returns at $50 WTI portend bright supply picture.
Brazilian regulators aim to make changes to an environmental licensing process that has created uncertainty for E&P activity.
U.S. rig count is at the lowest level it’s been since December 2016. Oil futures down more than 50% since the beginning of 2020 as Saudi Arabia and Russia cut prices and boosted output in a battle for market share.