WELCOME TO
Energy Capital 2024
In its third decade, Hart Energy's annual Energy Capital Conference brings key capital providers and seasoned industry executives together for frank discussions about the money that drives the oil and gas business.
Conference sessions attract senior-level executives from top E&P companies, midstream operators, service and supply companies, professional service firms, and capital providers to discuss the importance of investing in American-made energy resources.
Join 300+ corporate leaders, financial executives, and institutional investors across the energy business, where capital partners and energy companies will share market and sector trends, insights on the opportunities in the market now, and what to expect over the next decade.
Opening Keynote Address by Bryan Sheffield
![](https://s3.amazonaws.com/files.hartenergy.com/HartEnergy/events/2024/ECC/Bryan-Sheffield-headshot-website.png)
Hart Energy is excited to announce Bryan Sheffield as the opening keynote speaker at this year's Energy Capital Conference. Bryan will share his unique perspectives on the 2024 climate for public and private capital raising.
Mr. Sheffield is the successful founder--and seller--of public Permian-focused E&P Parsley Energy. He serves as Managing Partner of Formentera Partners, where he has been actively raising private capital and just raised public equity in the IPO of Tamboran Resources. As a third-generation oil executive, Sheffield began his oil and gas career at Pioneer Natural Resources, where he accumulated operational expertise and deep knowledge of the operator landscape. Combining that breadth of operational experience with his understanding of financial markets and experience trading options and interest rate futures, he is an expert in this space.
Special Address by Karl Rove
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Hart Energy and the Energy Capital Conference Advisory Council are pleased to announce a special address at this year’s conference as Karl Rove, former Senior Advisor to President George W. Bush - provides his perspectives on the upcoming presidential election and its potential impact on global energy issues and investments.
Mr. Rove oversaw the Offices of Strategic Initiatives, Political Affairs, Public Liaison and Intergovernmental Affairs, and was Deputy Chief of Staff for Policy, coordinating the White House policy-making process. He was the architect of President Bush’s 2000 and 2004 White House victories. A Colorado native, Rove new resides in Austin, Texas., where he teaches at the University of Texas and serves on the Texas State History museum and McDonald Observatory boards.
Agenda
Registration Opens and Networking Breakfast
Introduction and Welcoming Remarks
Inside the Road Shows: Raising IPO and Private Capital Today for E&P
The successful founder--and seller--of public Permian-focused E&P Parsley Energy, Bryan Sheffield has been actively raising private capital toward his Formentera Partners, a buyer of U.S. PDP, and just raised public equity in the IPO of Tamboran Resources. Here, he describes the 2024 climate for both public and private capital-raising as well as Formentera's and Tamboran's plans.
SPEAKER:
Bryan Sheffield, Managing Partner, Formentera Partners
Buying in or Cashing Out? The State of Private Equity
Much has been made about private equity’s apparent exit from traditional energy opportunities. But stabilized oil prices, smarter production growth and ever-increasing demand are drawing PE funds back to the sector. Meanwhile, energy transition opportunities could finally be realizing meaningful margins. In this session, private equity leaders will discuss:
- What appeals today to private investors, and the path to accessing capital
- From active investment to realized opportunities: The road to the investment endgame
- The impact of consolidation on private equity funding
- Why some private equity firms are exiting traditional energy, and why many are returning
SPEAKERS:
Frost Cochran, Managing Director, Post Oak Energy Capital
Callie Hamilton, Managing Director, Prudential Private Capital
Billy Quinn, Managing Partner, Pearl Energy Investments
Filling the Investment Void: Family Offices Open for Business
With private equity and major bank lenders exiting oil and gas, family offices are emerging as a real solution to a capital access challenge. In fact, oil and gas producers could source up to 12% of their capital from family offices, according to a Haynes Boone survey of energy executives.
- Too big to ignore: How the oil and gas industry’s resiliency, and new approach to returns, makes for smart investments for family offices
- What family offices look for in a potential investment opportunity, and how to access capital
- How traditional energy’s operating cycle appeals to family office investors
- Outside money: What about the oil and gas industry appeals to typically non-sector investors.
SPEAKERS:
Keith Behrens, Managing Director, Stephens
Christina Kitchens, Founder and Managing Partner, 3P Energy Capital
Networking Break
Accessing Capital in a Contracting Market
Much has been made about shrinking capital opportunities in the traditional oil and gas sector. Today’s capital environment faces continued ESG pressure and an increased desire for scale and relevancy. So where do today’s small and mid-capital companies turn for growth capital? This panel discussion will answer those questions and more, including:
- Can smaller companies access public equity for growth and/or consolidation?
- Does the public equity market care? Does it want or need more IPOs?
- Will a secondary market fill the void for banks leaving or shrinking their capital availability?
- Is the pendulum swinging back toward traditional oil and gas companies?
MODERATOR:
Stephen Trauber, Managing Director, Moelis & Company
Special Address: An Insider's Perspective on the 2024 Presidential Election
Listen in as Karl Rove shares his unique insight into the upcoming presidential election and its effect on global energy issues. From 2000 to 2007 Rove served as Senior Advisor to former President George W. Bush, and from 2004 to 2007 as Deputy Chief of Staff. Known as “The Architect” of President Bush’s 2000 and 2004 campaigns, Rove now is a frequent contributor to Fox News, writes a weekly op-ed for The Wall Street Journal and is a New York Times bestselling author.
SPEAKER:
Karl Rove, Former Senior Advisor to President George W. Bush
Networking Luncheon
Private Equity Spotlight
Private equity leaders in the energy sector have found success in a diverse portfolio of investments. Many that are in the for the long haul have realized the value in investing in not only traditional oil and gas producers, but also in the energy transition and decarbonization sectors. Simply put, realized investments can be found in nearly every sector of energy production and decarbonization. In this spotlight session, a private equity leader will discuss:
- The importance of a diverse portfolio amid the energy transition
- How to access capital amid a shrinking market
- Why traditional energy is still a smart investment
- The outlook for private equity in the short and long term
SPEAKER:
Ajay Khurana, Co-president, Quantum Energy Capital
Kimmeridge: Doubling Down on Oil & Gas
Ben Dell, Kimmeridge co-founder and managing partner, helped bring the energy sector into the modern age as a private equity manager with an activist strategy. In the years leading up to the COVID-19 pandemic, Kimmeridge and others led the industry's push toward capital discipline and investor returns to make the oil and gas sector more viable for longer. As other investors have shied away, Kimmeridge doubled down on oil and gas with its Fund VI. Kimmeridge also is pushing more into LNG with its bigger stake in the Commonwealth LNG project and in nature-based CCS with Chestnut Carbon. In this session, Dell will discuss the evolution toward discipline, including the mergers that led to Civitas, Ovintiv and others, and what the future holds and where the dollars will come from.
SPEAKER:
Ben Dell, Managing Partner, Kimmeridge
Operators' Perspectives: The Path to Accessing Capital
With past industry performance and ESG pressures pushing traditional lenders out of the sector, operators are looking for the right path to accessing capital. Private equity is still in play, family offices are becoming a bigger player, and banks still play a role. In this session, you’ll hear from the decision makers in the C-suite as they discuss:
- Considerations on production plans as they pursue capital
- What types of returns are expected, and how to achieve them
- Insight into identifying and accessing capital
- Emerging trends to keep an eye on capital allocation
SPEAKER:
Gordon Huddleston, President and Partner, Aethon Energy
Networking Break
Private Secondaries Market - Continuation Vehicles for Energy Companies
Private secondaries markets have traditionally consisted of selling individual limited partner interests in funds to other investors. In recent years, the secondaries market has shifted to become a broader capital source for the exchange of private fund interests and investments, with both general partners and limited partners actively using the secondary market today. In this panel discussion, you’ll hear more about:
- What’s fueling the emergence of secondaries markets
- Who are the players, and what is their outlook
- The role of a portfolio company’s management team in secondaries transactions
- How secondaries transactions could broaden capital sources
MODERATOR:
Russell Weinberg, Founder and Managing Director, Energy Capital Solutions
SPEAKER:
Jonathan Costello, Managing Partner, Devon Park Advisors
Jonathan Regan, Partner, Quantum Capital Group
Direct Lending and the Role of Banks in Energy Financing
Amid mounting ESG and climate-related pressures, major banks are looking elsewhere to invest. But mid-sized and regional banks are still active in financing E&Ps in traditional operating sectors. So direct lending capital is still available—if you know where to look. This session will cover:
- Which banks are still active in direct lending, and how to access their capital
- Insight into recent direct lending deals and how they got done
- Details around financing structures and operational performance
- Operational practices that appeal most to direct lenders
SPEAKER:
Nicholas Fersen, Co-Founder, Energy Opportunities Capital Partners
Asset-backed Securitization: Showing flexibility and Promise
Since their introduction, asset-backed securitizations have caused some head scratching among E&Ps. Now, as the number of ABS transactions has grown, E&Ps are now learning of their true benefit. The ABS market continues to grow, and so has investor confidence. In this session, you’ll learn more about:
- What are asset-backed securitizations, and how do they work?
- Details of announced ABS transactions and the results of those deals
- What sectors make the most sense for ABS deals
- What can ABS financing be used for?
Conference Adjourns
Speakers
![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Keith+Behrens-Stephens.jpg)
Keith Behrens
Managing Director, Head of EnergyStephens![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Frost_W_Cockran-PostOakEnergyCapital+(1).jpg)
Frost Cochran
Managing DirectorPost Oak Energy Capital![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Jonathan+Costello%2C+Devon+Park+Advisors-500X500.jpg)
Jonathan Costello
Managing PartnerDevon Park Advisors![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Ben+Dell%2C+Kimmeridge-500X500.jpg)
Ben Dell
Managing PartnerKimmeridge![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Nicholas+Fersen%2C+EOC+Partners-500X500.jpg)
Nicholas Fersen
Managing Partner and Co-FounderEOC Partners![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Callie+Hamilton-Prudential.jpg)
Callie Hamilton
Managing DirectorPrudential![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Gordon+Huddleston%2C+Aethon+Energy-500X500-Casual.jpg)
Gordon Huddleston
President and PartnerAethon Energy![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Ajay+Khurana%2C+Quantum+Energy+Capital-500X500.jpg)
Ajay Khurana
Co-PresidentQuantum Energy Capital![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Christina+Kitchens-3P+Energy+Capital.jpg)
Christina Kitchens
Founder and Managing Partner3P Energy Capital![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Billy_Quinn-Pearl+Energy+Investments.jpg)
Billy Quinn
Founder and Managing PartnerPearl Energy Investments![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Jonathan+Regan%2C+Quantum+Capital+Group-500X500.jpg)
Jonathan Regan
PartnerQuantum Capital Group![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Bryan+Sheffield%2C+Formentera+Partners500X500.jpg)
Bryan Sheffield
Managing PartnerFormentera Partners![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Stephen+Trauber-Moelis+%26+Company+500X500-Moderator.jpg)
Stephen Trauber
Managing Director, Chairman and Global Head of Energy and Clean TechnologyMoelis & Company![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Russell+Weinberg-Energy+Capital+Solutions-500X500-Moderator.jpg)
Russell Weinberg
Founder and Managing DirectorEnergy Capital SolutionsAdvisory Council
Hart Energy is moving in a strategic direction by getting industry input to drive the conversation for each event. In order to ensure our content is not only relative to you and your peers, but also timely, a new initiative for 2023 has been to establish Conference Advisory Councils made up of industry leaders, game changers and drivers. We are grateful to our Conference Advisory Council members for their contribution to not only this industry and its success, but their expertise to drive the conference agenda to a more robust and thoughtful direction.
![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Deborah_Byers-Ernst+%26+Young.jpg)
Deborah Byers
Retired PartnerEY (Retired)
![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Deon_Daugherty-EditorinChief.jpg)
Deon Daugherty
Editor-in-ChiefHart Energy
![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Gordon+Huddleston%2C+Aethon+Energy-500X500-Casual.jpg)
Gordon Huddleston
President and PartnerAethon Energy
![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Betty+Jiang-Barclays.jpg)
Betty Jiang
AnalystBarclays
![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Tim+Murray-Bayou+City+Capital+Advisors.jpg)
Tim Murray
Managing PartnerBayou City Capital Advisors
![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Stephen+Trauber-Moelis+%26+Company.jpg)
Stephen Trauber
Managing Director, Chairman and Global Head of Energy and Clean TechnologyMoelis & Company
![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Ryan+Tull-Piper+Sandler.jpg)
Ryan Tull
Managing DirectorPiper Sandler
![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Russell+Weinberg-Energy+Capital+Solutions.jpg)
Russell Weinberg
Managing DirectorEnergy Capital Solutions
![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/James_Wicklund-PPHB.jpg)
James Wicklund
Managing DirectorPPHB
WHY ATTEND
Industry Insights & Exclusive Networking
Well into its second decade, Hart Energy's annual Energy Capital Conference brings key capital providers and seasoned industry executives together for frank discussions about the money that drives the oil and gas business. These executives will share insights on the current issues and look at the challenges that lie ahead. It will provide a potent mix of relevant content, presented by expert speakers, and impactful networking highly qualified attendees.
![](https://s3.amazonaws.com/files.hartenergy.com/HartEnergy/events/2024/super-dug/group-conf-image.png)
Meet Our Featured Speakers
You’ll hear from speakers representing the most active players, from the financial community to the producers’ C-suites.![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Keith+Behrens-Stephens.jpg)
Keith Behrens
Managing Director, Head of Energy, Stephens
![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Frost_W_Cockran-PostOakEnergyCapital+(1).jpg)
Frost Cochran
Managing Director, Post Oak Energy Capital
![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Jonathan+Costello%2C+Devon+Park+Advisors-500X500.jpg)
Jonathan Costello
Managing Partner, Devon Park Advisors
![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Ben+Dell%2C+Kimmeridge-500X500.jpg)
Ben Dell
Managing Partner, Kimmeridge
![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Nicholas+Fersen%2C+EOC+Partners-500X500.jpg)
Nicholas Fersen
Managing Partner and Co-Founder, EOC Partners
![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Callie+Hamilton-Prudential.jpg)
Callie Hamilton
Managing Director, Prudential
![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Gordon+Huddleston%2C+Aethon+Energy-500X500-Casual.jpg)
Gordon Huddleston
President and Partner, Aethon Energy
![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Ajay+Khurana%2C+Quantum+Energy+Capital-500X500.jpg)
Ajay Khurana
Co-President, Quantum Energy Capital
![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Christina+Kitchens-3P+Energy+Capital.jpg)
Christina Kitchens
Founder and Managing Partner, 3P Energy Capital
![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Billy_Quinn-Pearl+Energy+Investments.jpg)
Billy Quinn
Founder and Managing Partner, Pearl Energy Investments
![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Jonathan+Regan%2C+Quantum+Capital+Group-500X500.jpg)
Jonathan Regan
Partner, Quantum Capital Group
![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Bryan+Sheffield%2C+Formentera+Partners500X500.jpg)
Bryan Sheffield
Managing Partner, Formentera Partners
![headshot](https://s3.amazonaws.com/images.hartenergy.com/Conf/Stephen+Trauber-Moelis+%26+Company+500X500-Moderator.jpg)
Stephen Trauber
Managing Director, Chairman and Global Head of Energy and Clean Technology, Moelis & Company
Key Topics to be Covered
Join us in October when industry leaders will discuss topics such as:
Global energy perspectives for 2024 and beyond
Opportunities and risks in the energy transition
Looking ahead: private equity’s new game
The return of debt and equity
Energy security
Investing in resilient energy infrastructure