Will Exploration and Production Regain Its Luster for Investors?
Special Session
Tuesday, 29 September 2020, 10:05 a.m.–11:50 a.m. | Houston, Texas
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:
- Tim Perry, Energy Banking Credit Suisse
- Willam V. Maloney, Trident Energy
- Tamar Essner, Capital Markets, Nasdaq
Chair:
Bob Fryklund
Venue
George R. Brown Convention Center
1001 Avenida De Las Americas
Houston,
Texas
77010
United States
(713) 853-8000