Justin Daniel Moers, managing director with Munich Re Reserve Risk Financing Inc., is today’s featured Forty Under 40 honoree.
Moers began his career as a public accountant for EY. After only one year as a staff auditor with the firm, he was trusted to supervise the execution of an audit involving a public oil and gas company, which he said generally requires three years of experience.
In 2015, Moers joined Munich Re Reserve Risk Financing as the small E&P credit business was starting up and has helped lead its marketing efforts to make a name for the firm. To date, he has helped lead its marketing efforts to make a name for the firm, leading structuring and execution on behalf of Munich in the successful closing of nearly $1 billion in E&P financing.
“I joined Munich Re in 2015 to join a nucleus of individuals seeking to launch an E&P credit business,” he said. “It was an entirely new initiative, and we were under a lot of pressure not only to demonstrate the program’s viability but also to deliver results.”
“We started with just a few individuals and built out all the underwriting processes and methodologies and developed a go-to market strategy in what proved to be a transitional period for the industry and its traditional financing sources,” he continued. “There were certainly some missteps along the way, but I am very proud of what we’ve achieved to date and remain optimistic with respect to the future of the program.”
“If this is an act of God, maybe I need to find another career because I guess God’s had enough of the oilfield,” said oilfield services worker Nils MacArthur.
Oil and gas operators and analysts joined the DUG Permian Basin and DUG Eagle Ford Virtual Conference for a look at the road ahead for the nation’s top producing basin.
The third-quarter uptick in activity was an industry restart, not a resumption of growth for U.S. shale, analysts say.