 | Dan Pickering Co-President, Head of Research Tudor, Pickering, Holt & Co. LLC |
Look Before You Buy—Or Sell: Law, Policy, Physics Affecting Asset Value
New taxes on U.S. oil and gas producers, plus carbon legislation and new SEC reserve-reporting rules, may greatly change the value of assets, depending on the nature of the plays and their weighting to oil or gas. Plus, vast amounts of new onshore gas production could consume take-away capacity, locking out access by traditional sources. And, there’s the ultimate negotiating-table price factor: the strip.
- EOR: Will Carbon Policy Provide New CO2 For Enhance Oil Recovery?
Britton Richardson, Partner, Alston & Bird LLP - Stranded Gas: Take-Away Capacity And Basis Differentials For U.S. Shale, Rockies And Gulf Of Mexico Plays
Tom Sherman, Senior Energy Analyst, Bentek Energy LLC - The New PUD: What Public Producers Can Show Investors, And Buyers Might Have To Pay For
Scott Rees, Chairman and CEO, Netherland, Sewell & Associates, Inc.
The New A&D Marketplace—Got Powder? Need Powder? At What Price?
Some oil and gas producers are flush with dry powder and continue to have healthy access to capital markets; many others are struggling, and more so day by day as they look down the barrel of persistent low oil and gas prices, and fall borrowing-base-redetermination season. Here, experts describe what buyers will have to pay in the current market, and what distressed sellers can reasonably expect. And, what non-cash-on-hand funding is available to close the deal or buy time?
- Price-Metric Comparisons—From Mostly Acreage Assets To Mature, Proven
Scott Richardson, Principal, RBC Richardson Barr - Private Equity Availability To An Acquisition-Based E&P
Cameron O. Smith, Sr. Managing Director, The Rodman Energy Group - Debt Capital Markets, And Forecasts For The Fall Redetermination Season
Robert H. Johnson, Managing Director-Energy&Power, Wells Fargo Energy Group - Cross-border Deal-Making: Overseas Buyers’ Funding Capacity
Adrian Goodisman, Managing Director and Co-head U.S., Scotia Waterous - Distressed Sellers: How To Buy Them Pre-Bankruptcy
Rob Thomas, Head of Energy Practice and Matt Vaughn, Bankruptcy Partner, Porter & Hedges LLP
Afternoon Keynote
 | Keith Hutton Chief Executive Officer and Board Member XTO Energy, Inc. Last year XTO purchased privately held Hunt Petroleum Corp. for $4.2 billion. The largest acquisition in the energy industry for 2008, this deal boosted XTO's proved reserves by 1 tcf or 10 percent, and added nearly 1 million acres of East Texas and Louisiana Haynesville potential, as well as an offshore position. The deal capped a transformational year for XTO, which acquired more than $10 billion of shale and tight gas assets |
The Divestment Toolbox: You Don’t Have to Actually Sell It
JVs, farm-outs, VPPs, and public/private SPE are among means of raising cash without fully divesting the asset. Here are successful users and beneficiaries of these tools, and other creative measures for working through the trough.
- Using the JV To Keep the Drilling Under Way
Toby Darden, Chairman, Quicksilver Resources Inc. - Tick Tock: The Farm-Out to Hold Acreage
James T. Brown, Sr. Vice President, Whiting Petroleum Corporation - Drop-Down: Where to From Here for the MLPs?
Steve Pruett, President and CFO, Legacy Reserves LP - Sell, Partner or Drill: When to Exit A Lease Play, A Case Study
Sylvia K. Barnes, Managing Director-Energy Investment Banking, SMH Capital
Building The Portfolio—Notable Plays And Players
Some of the best packages come into play when the price is most right. Successful deal-makers describe their acquisition prizes, how the deals were closed, and how the assets have performed since in this roundtable discussion.
- Primed for Permian: Linn Looks for Long-Lived
Curtis Newstrom, Vice President of Business Development and Strategic Planning, Linn Energy LLC - Private Equity in the Barnett: Talon Takes a Slice of Denbury
Grant Henderson, President and CEO, Talon Oil & Gas - Seeking Shallow Gulf: Northstar Buys Pioneer’s OCS Portfolio
Glynn Roberts, president and chief executive, Northstar Offshore Energy Partners LLC - Accruing Austin Chalk and More: EnverVest’s Opportunistic Acquisitions
Phil Delozier, Vice President – Acquisitions, EnerVest Ltd. - Exco's BG Adventure: Breathing New Life Into Haynesville Holdings
John Jacobi, Vice President of Business Development, Exco Resources
