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December 13, 2023

Driving Returns Through Real-time P&L

40 minutes

Welcome back to The Next Imperative! Out host Geoff Angulo is joined by Rogers Herndon and a special guest Ryan Phillips the CEO of Axis Energy Services. Ryan tells us how he started in the oil industry and started working with Rogers, a Managing Director with Alvarez & Marsal. We then get into how Ryan runs Axis Energy Services differently by doing a P&L with every rig every day, and how he accomplished this with the help of A&M. Follow the discussion as we dive into subjects like giving ownership to your employees, saving profit with change, moving rigs, and so much more. Don’t miss out on this informational episode and tune in now!

Host:

Geoff Angulo, Senior Director with Alvarez & Marsal - Energy

Guests:

Rogers Herndon - Managing Director with Alvarez & Marsal

Ryan Phillips - Axis Energy Services CEO

Time Stamps:

(00:00 - 00:51) Introductions

(00:52 - 10:45) Background on our Guest

(10:46 - 12:35) Meeting Rogers

(12:36 - 20:52) Dayliy P&L

(20:53 - 30:30) Saving A Month & Improving Rigs

(30:31 - 39:35) Giving a Sense of Ownership