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Will Exploration and Production Regain Its Luster for Investors?

Special Session

Monday, 8 June 2020, 10:05 a.m.–11:50 a.m.  |  Houston, Texas

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The E&P business is undergoing major structural changes as it matures—total capex is now down 25% from its 2014 peak; drilling activity is flirting with new ten-year lows, and exploration discoveries are at 52-year lows. Moreover, E&P companies are out of favor with investors; and make up less than 5% of the New York Stock exchange S&P 500, the lowest in 15 years. Investors have been fleeing oil and gas stocks for high tech and consumer stocks resulting in dramatic drops in share prices for E&P companies, which in 2019 were down on average 30%. All this at a time when more investment is needed to replace declining supply. The U.S. system requires $100 billion dollars per year and internationally almost $400 billion per year is required. Ironically it is also a time when drilling, services, and the cost of acreage, outside the U.S., are at 10-year lows.

  • So, will this be the new reality – a smaller, leaner business or will we see another growth cycle?
  • What are the keys to the future – technology, data analytics, or something else?
  • What will it take to restore investor confidence and who might lead the way?
  • What role will ESG play?

Speakers:

  • Ale Pruner, Former-Chief Financial Officer, TPH/ Parella and Board Member
  • Tim Perry, Head of Energy Banking Credit Suisse
  • Bill Maloney, Warburg Pinkus, Former–Executive Vice President, Equinor
  • Susan Cunningham, Darcy Partners and Former–Executive Vice President, Noble
  • Tamar Essner, Director Capital Markets, Nasdaq

Fee:

Included with registration

Moderators:

Bob Fryklund and Allie Pruner

Venue

Will Exploration and Production Regain Its Luster for Investors?
George R. Brown Convention Center
1001 Avenida De Las Americas
Houston, Texas 77010
United States
(713) 853-8000