The impact of COVID-19 on the oil and gas industry has already been profound, with major oil companies announcing steep cuts in capital and oil prices plunging into negative territory for the first time in U.S. history. However, the full implications are only just beginning to unfold.

If you are just starting a company, you have probably heard the many facts and figures on how many small businesses fail within the first few years. Of course, this does not mean you and your team will not be successful.