Opening Keynote: The A&D Universe
Northern Oil & Gas has climbed its way from the post-pandemic world, when its share prices were below $4, to a stock price 10 times that today. All along the way, the company has continued to make acquisitions -- 10 since 2020. But Northern now has the wherewithal to play matchmaker, partnering with two companies to launch Permian Basin acquisitions valued at more than $2 billion. CEO Nick O'Grady discusses M&A, Northern's strategy and its rise from a small acquirer in the Bakken to its recent ascent in the Permian Basin.
MODERATOR:
Jordan Blum, Editorial Director, Hart Energy
SPEAKER:
Nick O'Grady, CEO, Northern Oil & Gas
Spotlight: Scorecard - A&D Metrics, Trends and Top Takeaways
In this session, we take a look at the most recent A&D metrics and trends and the data behind the deal flow. Which basins are transacting, and which are not? What types of assets are attracting capital? Are valuations improving year-over-year, and is upside back in play? Who are the buyers and sellers?
MODERATOR:
Jay Young, Founder and CEO, King Operating
SPEAKER:
David Deckelbaum, Managing Director, Energy - Oil & Gas Exploration and Production, Cowen
SESSION SPONSORED BY:
Roundtable: What Price Permian?
In the wild days of the shale boom, E&Ps were shelling out huge sums for undeveloped acreage. Now that the oil and gas sector has buttoned up into a more respectable capital restraint, how has Permian A&D changed and is the pricing for acreage and PDP really any different?
MODERATOR:
R.J. Malenfant, Partner, Kirkland & Ellis
PANELISTS:
Seenu Akunuri, Leader - U.S. Energy, Utilities and Resources Valuation Practice, PwC
Mark Lumpkin Jr., Chief Financial Officer, Earthstone Energy
Daniel Rojo, Managing Director, Opportune Partners LLC
SESSION SPONSORED BY:
Panel Discussion: The Gas Deal Pipeline
Operators are working through the stages of grief after missing out from selling at higher prices during 2022’s great gas price hike. But signs are that gas deals are coming back to market. While gas deals have been hit or miss since prices tumbled last year, what’s prompting the comeback for natural gas deals and how does the Permian’s expected flood of natural gas factor in?
MODERATOR:
Wes Williams, Partner, Akin
PANELISTS:
Austin Hahn, Head of Strategic Execution / Corporate Development, EQT
Michael Bertuccio, Founding and Managing Partner, Wincoram Asset Management
SESSION SPONSORED BY:
Buyer's Spotlight: Matador Resources
Joseph Wm. Foran, CEO of Matador Resources discusses the importance of relationships in transactions as he discusses Matador's purchase this year of EnCap Investments LP-backed Advance Energy Partners Holdings LLC for $1.6 billion.
MODERATOR:
Darren Barbee, Senior Managing Editor, Hart Energy
SPEAKER:
Joseph Wm. Foran, Founder, Chairman and CEO, Matador Resources Company
Sighting the Target, Pulling the Trigger
What strategies do sellers and buyers use to frame up their goods to find the best transaction? And, once they do, in the current commodity and macro environment, how are companies structuring their deals, including using cash stuffed wallets, third parties and contingency payments,, for the proverbial win-win?
SESSION SPONSOR MODERATOR:
Michael R. King, Partner, Latham & Watkins
PANELISTS:
Denna Arias, Corporate Development Officer, Opportune LLP
Chris Atherton, Chief Executive Officer, EnergyNet
Laura Gu, Vice President of Corporate and Asset Development, SilverBow Resources Inc.
Doug Reynolds, Managing Director, Piper Sandler
SESSION SPONSORED BY:
Buyers Spotlight: Vital Energy
After transforming from Laredo Petroleum into Vital Energy at the beginning of the year, the expanded Vital is now growing in the Permian Basin with a rapid buying spree earlier this month. Vital will add nearly 53,000 net acres and 248 million barrels of oil equivalent in both the Delaware and Midland basins from three acquisitions with affiliates of Henry Energy, Tall City and Maple Energy for a combined $1.165 billion.
MODERATOR:
Eric J. Stevens, President & Chief Operating Officer, Netherland, Sewell & Associates Inc.
SPEAKER:
Jason Pigott, President & Chief Executive Officer, Vital Energy
SESSION SPONSORED BY PRESENTING SPONSOR:
Midstream Mettle
Midstream companies have been on an M&A consolidation spree so far in 2023, with multiple multi-billion dollar deals transacted since January -- continuing, most recently, with Energy Transfer’s $7.1 billion acquisition of Crestwood Equity Partners in mid-August. What’s driving midstream companies' consolidation at such a rapid clip? And where do pipeline operators find synergies in these deals?
MODERATOR:
Charlie Ofner, Partner, White & Case
PANELISTS:
Justin Carlson, Co-Founder - Chief Commercial Officer, East Daley Analytics
Trevor Howard, Senior Vice President & Chief Financial Officer, Kinetik
SESSION SPONSORED BY:
Dealmaker's Spotlight
Vitol-based VTX Energy Partners is continuing to grow in the Permian's southern Delaware Basin with new acreage. But the best acreage and new deals are getting harder and harder to put together.
MODERATOR:
Darren Barbee, Senior Managing Editor, Hart Energy
SPEAKER:
Graham Bayley, CFO, VTX Energy Partners
Panel Discussion: Tier 2 is the New Tier 1
It’s all about inventory. A rash of deals in the Eagle Ford and others in the Bakken shows that even mature plays still command attention. E&Ps remain laser focused on the hunt for inventory and are scouring opportunities they once might have overlooked for deals. As Tier 1 inventory is depleted, where will they look next?
MODERATOR:
Jordan Blum, Editorial Director, Hart Energy
PANELISTS:
Carlos Santacruz, Managing Director, Wells Fargo
Alexandre Ramos-Peon, PhD, Head of Shale Well Research, Rystad Energy