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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

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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:

  • Tim Perry, Energy Banking Credit Suisse
  • Willam V. Maloney, Trident Energy
  • Tamar Essner, Capital Markets, Nasdaq

Chair:

Bob Fryklund

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

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Contact

jenny

DNNGo.ContentBuilder

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