Just when you thought everything was dire, along comes a bit of hope. In this case, hope springs from experience.
Day Two of the DUG Midcontinent Virtual Conference starts out with a message from shale pioneer Tom Ward, now CEO of Mach Resources, and continues with a look at the hidden opportunities in capital growth, A&D and midstream.
The second day session begin streaming at 9 a.m. CDT. Complimentary registration is made possible by DUG Midcontinent sponsors and can be found at DUGMidcontinent.com.
Day two speakers are:
- Tom Ward, founder and CEO of Mach Resources LLC;
- Grant Butkus, managing director of RBC Capital Markets LLC;
- Tim Miller, president and COO of Lime Rock Resources;
- Burt Williams, CEO and president of Rimrock Resource Partners;
- Andrew Rapp, co-founder and partner of Petrie Partners;
- Stephanie Kainz, senior associate of Enverus;
- Corey Walker, president of operations at DCP Midstream;
- Charlie Matter, president and CEO of Case Energy Partners LLC;
- Brad McPherson, director, Oklahoma, Enverus; and
- Jacob Jin, chairman and CEO and ULTRecovery Corp.
You can also replay day one sessions on-demand. A full agenda, is available at DUGMidcontinent.com.
Ward, the Oklahoma shale pioneer perhaps best known for teaming with Aubrey McClendon to develop Chesapeake Energy Corp., will discuss consolidation needs as the industry craves capital. He opines that as bad as things seem right now, the issues aren’t much different than when he started in the business more than 40 years ago.
Butkus offers advice on working through what he calls a “growth phase for the industry.”
Rapp will unravel the issues and possible solutions behind the industry’s A&D dilemma.
Meanwhile, Kainz and Walker will give an inside look at the midstream market in the Midcontinent.
In the tradition of DUG Midcontinent, Miller, Williams and Matter will bring the operators perspective, while Jin offers a look at the basin from a technology and service sector point of view.
The acquisition of Jagged Peak will more than double Parsley Energy’s position in the Delaware Basin, where the companies expect to generate G&A savings of about $25 million within the first year.
Denbury Resources and Penn Virginia mutually agreed to terminate their merger after the $1.7 billion cash-and-stock transaction faced difficult market conditions and shareholder opposition.
Diversified Gas & Oil, known as DGO, expects to acquire over a hundred unconventional producing gas wells in the Appalachian Basin from a proposed transaction with HG Energy.