Executives Pack the 9th Annual Energy Capital Conference
This March, 300+ attendees converged in Austin, Texas for Oil and Gas Investor's 9th annual Energy Capital Conference. Executives from E&P companies, financial institutions and private equity firms spent two days networking, strategizing and hearing from some of the industry's top experts.
Themed "The Push and Pull of Money,"the conferencefeatured over a dozen c-suite executivespeakersand industry leaders who have successfully led and advised companies through past downturns. Attendees had the opportunity to explore opportunities for accessing capital, balance sheet management strategies, restructuring options, M&A activity and more.
Preceding the event, attendees engaged in small group discussions during a golf tournament on the Fazio Foothills Course. Following the tournament, attendees and speakers gathered for an welcome dinner featuring entertainment by longtime CBS commentator, former PGA Tour golfer and bestselling author, Gary McCord.
Oil and Gas Investor's Annual Excellence Awards were also handed out at the conference. Winners included:
Executive of the Year: Harold Hamm, Chairman and CEO, Continental Resources Inc.
M&A Deal of the Year: WPX Energy
Financing of the Year: Blue Whale Energy North America
The conference may be over, but the conversation isn't. Find out what other attendees and speakers are saying about the Energy Capital Conference on
Storify. We would love to hear about your experience too! Here's what we've heard so far about the state of the industry – find out if you agree – Part One &
Be sure to save the date for the 10th annual Energy Capital Conference, April 17-18, 2017 in Austin, TX.
Managing Director Chambers Energy
Brian N. Thomas
Managing Director Prudential Capital Group
Managing Partner, EnCap Investments L.P.
William W. McMullen
Managing Partner, Bayou City Energy
Senior Economist Bloomberg
S. Wil VanLoh, Jr.
Co-Founder, President & CEO Quantum Energy Partners
Managing Director and Head of US Business Scotiabank
Ken J Friedman
Managing Director SFC Energy Partners
Denbury Resources Dumps Noncore Assets In Rare Williston Basin Deal Denbury Resources Inc. (NYSE: DNR) entered into an agreement to sell its remaining noncore assets in the Williston Basin of North Dakota and Montana, the company disclosed in SEC filings.In the divestiture, subsidiary Denbury Onshore LLC will sell production of about 1,350 barrels of oil equivalent per day (boe/d), 96% oil, for $58 million. Denbury Resources’ total production in first-quarter 2016 was 69,351 boe/d.A&D activity in the Williston has been spotty for much of 2016 with less than one deal announced per month. The largest deal so far this year was the $73 million acquisition of bankrupt Emerald Oil Inc.’s assets in the Bakken.
ETE Kills Williams Merger, But Issue Unlikely To Die Energy Transfer Equity LP (NYSE: ETE) officially killed its merger with Williams Cos. Inc. (NYSE: WMB) on June 29, though whether the issue remains dead is in doubt and up to the courts to decide.“Williams recognizes the practical fact that ETE has refused to close the merger,” the company said in a statement responding to Energy Transfer’s decision, adding that “it is in the best interests of its stockholders to seek, among other remedies, monetary damages from ETE for its breaches.”Williams filed an appeal with the Delaware Supreme Court on June 27, asking it to overturn the Delaware Court of Chancery’s June 24 ruling that allowed Energy Transfer to back out of the deal.