Division of Economics and Business Professor Michael Walls, who specializes in decision analysis, corporate risk management, business strategy and planning, contributed to the Dallas Morning News story, “In new boom, oil companies say they're not likely to go back to old ways."
From the story:
Michael Walls, a Colorado School of Mines professor who has written about corporate risk-taking in the oil and gas industry, said there is always restructuring when a downturn is this severe. Following all the consolidations and bankruptcies, the industry is likely to keep job growth in check.
“You’re going to see companies trying to operate even leaner, although they’re pretty lean right now based on the numbers of layoffs the industry has experienced,” he said.