A&D Strategies and Opportunities
September 9-10, 2015
Dallas, Texas
The Ritz-Carlton Hotel
Register Featured Sponsors
JefferiesEnCap InvestmentsOil & Gas Asset ClearinghouseTudor Pickering HoltEnergy NetKayne Anderson Energy FundsCredit AgricoleMeagher Energy AdvisorsNetherland, Sewell & Associates (NSAI)US Energy Dev. Corp.
The Carlyle GroupTGSIOG CapitalSteptoe & JohnsonCessnaDerrickNichols Energy ServicesPorter HedgesAlliantEnergy SpectrumPetroleum StrategiesRaymond JamesMacquarie BankLantana Energy AdvisorsRiley Exploration
Hosted By
Unconventional Oil & Gas CenterA&D Oil and Gas Investor

Conference Agenda

Thursday, September 10

7:30 am

Registration, Breakfast and Networking


8:30 am

Welcome & Opening Remarks

  • Richard Mason, Chief Technical Director, Hart Energy

8:35 am

Opening Keynote: The High Ground

With $5.7 billion in liquidity, Noble Energy could have been content to let it ride in rocky 2015, relying on cores in the D-J Basin, Marcellus and its international holdings. Instead, Noble put in a bid with a 28% premium for the high ground of Texas: the Eagle Ford and Permian.


9:00 am

Panel: Cash, Check Or Shares?

Sponsored by:
NSAI

Every M&A cycle is different. In this one, stock purchases are being used, but they carry this sting of dilution. Vanguard Natural Resources, for instance, plans to buy out fellow MLP LRR Energy LP in a $540 million deal that swapped MLP units. Royal Dutch Shell's acquisition of BG Group Plc for $70 billon was a stock deal worth nearly one-fifth of the company. Which way should public buyers and private sellers go as they approach deals and what are the alternatives?


9:40 am

Focus on Capital Efficiency


10:00 am

Networking Break


10:45 am

Panel: The Guns Of Equity

In a matter of weeks, E&Ps have raised $8 billion, giving many companies a lifeline that has staved off divestitures. But equity is also pumping up big MLPs such as LinnCo, which has $1 billion in firepower from private equity firm Quantum Energy Partners. What's a company to do with so much cheap money?


11:35 am

Spotlight: Play By Play – Acquisition Metrics Across The U.S.

A noted executive dissects the health of the nation's resource plays. Which are growing, which are reaching maturity and where are the opportunities?


12:00 pm

Networking Luncheon


1:00 pm

Deal Spotlight

Larry E. Lee is a founder of Ram Energy Resources, the company that later became Halcon Resources Corp. In April, Lee structured a deal that could eventually give him control of MLP New Source Energy Partners. Lee recently acquired more than $100 million of conventional, low-decline assets primarily in the Permian and Ark-La-Tex regions.


1:25 pm

Panel: Cash Equivalents

For companies in need of a shot of liquidity (or to make a transaction), is a dilutive transaction always the best solution? For small firms looking to expand (or merely survive), how is reserve-based lending changed from 2014? Many companies have also taken to refining debt through loans – what are fair terms and where are they heading?


2:10 pm

Panel: Good Deal Hunting

A recent study by a leading financial firm suggests a huge inventory of assets could go on the market – with 340 potential deals worth over $300 billion. While oil has been in a rut for months, if commodity prices begin a creep back toward the $70s, when should buyers shoot for deals instead steals?


2:45 pm

Networking Break


3:15 pm

Roundtable Discussion: Big Deal Or Big Money?

Sponsored by:
NSAI

Every would-be buyer with cash – EOG, Oxy, Anadarko, Apache, Hess – is ready for a deal if the opportunity presents itself. What has the Shell-BG deal wrought and will patient buyers wait for small, noncore or distressed assets or take the plunge on something larger?


4:00 pm

A Fireside Chat with Scott W. Smith, President and CEO, Vanguard Natural Resources LLC

Since its 2007 IPO, Vanguard has grown through a series of more than 24 transactions and in 2015 announced two deals worth over $1 billion. At the helm since Vanguard's inception, Smith has more than 25 years of BD experience and can talk small asset deals, complex company mergers, integration and strategy. Find out what factors can make a good acquisition today a great one tomorrow. And learn how he evaluates oil versus gas, deal timing, cash versus credit and when to pull the trigger on a half billion dollar company purchase.


4:30 pm

Conference Adjourns

Agenda content and timeline subject to change