Market Overview

Public Oil & Gas Companies Scheduled for The Oil & Gas Conference® Represent $158 Billion in Energy Industry Market Capitalization

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DENVER, July 10, 2019 /PRNewswire/ -- One of the largest independent upstream oil and gas-focused investor conferences—The Oil & Gas Conference®—will take place Aug. 11-14, 2019, at the Denver Downtown Westin hotel. 

The event is EnerCom's 24th annual Denver investment conference. At this year's conference, c-level leadership of leading oil and gas companies will present their plans for drilling and completing wells, discuss well results and capital efficiency, and estimate capital expenditures and production for the balance of 2019 and into 2020.

For the buyside investment community, the EnerCom conference provides top level access to oil and gas company c-suites. The four-day conference allows institutional investors to set one-on-one meetings with company management teams. Meetings are limited to buyside principals, portfolio managers, CIOs and securities analysts. Individual company meeting requests must be made in advance as part of the online conference registration process.

The publicly traded companies that make up the exclusive group of energy producers and oilfield service and royalty companies at the EnerCom conference represent a combined total of:

  • $158 billion market capitalization;
  • $207 billion enterprise value;
  • 4.7 million barrels of oil equivalent production per day; and
  • 19 billion barrels of proved reserves.

By way of comparison to EnerCom's 2017 conference, total market cap for the 2019 public company group is 34% higher than combined market cap of the 2017 presenters as of August 2017; enterprise value for the 2019 presenting companies is 26% higher than it was for the 2017 public companies; and oil equivalent production for the 2019 presenting companies is 47% higher than combined production for the 2017 presenting upstream companies.

Presenting companies represent oil and gas operations in all of North America's shale basins, Latin America's conventional oil plays, the Gulf of Mexico and other international oil and gas plays. The EnerCom conference is a convenient way for portfolio managers and analysts to see approximately 85+ oil and gas companies together at a single venue where informal networking and one-on-one access to company management is part of the conference experience.

A sample of the companies that are scheduled to present Aug. 12-14, 2019 at the 2019 EnerCom conference include:

  • W&T Offshore, Inc. – (NYSE:WTI) – E&P with 30 years' operating history in the Gulf of Mexico. W&T has working interests in 48 producing fields in federal and state waters, for a total of 366,000 net acres on the Gulf of Mexico shelf and approximately 117,000 net acres of GOM deepwater. W&T's total Q1 production was 33.4 MBOEPD. In late June, W&T announced its acquisition of ExxonMobil's interests and operatorship in the eastern region of the Gulf of Mexico, offshore Alabama, as well as related onshore treating facilities, for $200 million, financed with cash and its revolver. The assets being acquired from ExxonMobil produced almost 20,000 BOEPD in Q1.
  • PETRONAS – (the national oil company of Malaysia) – Established in 1974, Petroliam Nasional Berhad's (PETRONAS) global operations include E&P for oil and gas in Malaysia and abroad. Upstream, PETRONAS operates in more than 216 producing fields with 381 offshore platforms and facilities in 50 countries, with unconventional resources in Australia and Canada. LNG operations: PETRONAS has shipped more than 10,000 LNG cargoes for three decades to customers in Japan, Korea and China. Downstream, PETRONAS has three refineries, 11 blending plants, 18 petrochemical manufacturing plants and two fully integrated complexes, plus natural gas infrastructure and utilities.
  • Chaparral Energy, Inc. – (NYSE:CHAP) – STACK-focused operator in Oklahoma with 132,000 STACK acres delivering access to stacked pay in the Meramec, Osage and Woodford formations. Chaparral has 225,000 total net surface acres, 74 MMBOE of reserves in the STACK play and total company production of ~21,000 BOEPD. Total 2018 proved reserves were almost 95 MMBOE. Chaparral finalized drilling of its 11-well cube style, co-development Foraker spacing test in Canadian County during the first quarter of 2019 and began completion of the wells late in the first quarter. The average 30-day IP rate for all 11 wells was 1,357 Boe/d, with 48% oil and 73% liquids.
  • Rosehill Resources Inc. – (NASDAQ:ROSE) Delaware Basin-focused Permian producer with 11,000 net acres in Texas and New Mexico; average working interest of 92%. Rosehill has 78 gross operated producing horizontal wells and it recorded average production of ~21,500 BOEPD in Q1 2019. In the Northern Delaware, Rosehill acreage is in the heart of Loving County with 10+ landing zones. In the Southern Delaware, bulk of acreage is located in northern Pecos County, Texas. Company is pursuing further bolt-on acreage opportunities in the Southern Delaware. Well costs are tracking under $7 million in 2019 for 5,000-foot laterals.
  • Flotek Industries, Inc. – (NYSE:FTK) – products for the oil and gas operator include technology and research-focused energy performance chemistry for improved well performance, including stimulation chemistry, coil tubing chemistry, drilling fluid additives and others, plus reservoir characterization, polymer conformance and logistics management services. In Q1 Flotek closed the sale of its Florida Chemical Company subsidiary, raising $111 million net cash proceeds after paying off debt. The single focus of Flotek today is providing custom chemistry solutions for the energy industry.
  • Journey Energy Inc. – (TSE: JOY) – Canadian producer focused on central and south Alberta's conventional oil pools that offer shallow, low-risk development drilling. Journey produced 9,300 BOEPD in Q1 2019, 48% liquids. Natural gas production accounted for 29,300 Mcf/day during the first quarter. Journey expects to spend $30 million on its exploration and development program in 2019. The company's capital program for 2019 began in May.
  • Nuverra Environmental Solutions - (NYSE:NES) – Nuverra Environmental Solutions is an oilfield logistics and equipment company focused on water transport, transfer and disposal. Operating predominantly in the Marcellus/Utica, Bakken and Haynesville regions, the company's water services include delivery, collection, disposal and treatment of solid and liquid materials that are used in and generated during drilling, completion and production. Nuverra acquired Clearwater Three, LLC and Clearwater Five, LLC for $41.9 million in October, making it the second largest commercial disposal well operator in the Utica/Marcellus region.

Day Three Presenting Companies

Presenting companies for Day Three of The Oil & Gas Conference® include but are not limited to:

(NYSE:CHAP) - Chaparral Energy, Inc.

(NASDAQ:ROSE) - Rosehill Resources Inc.

Privately held - Ameredev II

(NYSE:FTK) - Flotek Industries, Inc

(NYSE:WFC) - Wells Fargo & Company

(NYSE:E) – Keynote Lunch: Eni, SpA

(NASDAQ:PVAC) - Penn Virginia Corporation

(OTC:BNKPF) - BNK Petroleum, Inc.

(TSE: JOY) - Journey Energy Inc.

(NYSE:NES) - Nuverra Environmental Solutions

The complete daily schedule of presenters is posted on the website (presenters, days, times are subject to change). The conference investor presentations begin at 7:30 a.m. and run through 4:30 p.m.

Online Registration is Open for EnerCom's 24TH Annual The Oil & Gas Conference®:  Buyside investors and oil and gas company professionals may register for the event through the conference website registration page. 

The EnerCom conference forum fosters healthy dialogue and informal networking opportunities for attendees at several sponsored events the week of the conference.  

Public and Private Company Presenters: The 2019 edition of EnerCom's The Oil & Gas Conference® will feature public and private oil and gas companies with operations around the world including the U.S. shale basins, the Gulf of Mexico and Canada.  A work-in-progress list of the 2019 presenting companies will be updated on the conference website.

How to Hear the Luncheon Speakers:  Completing online registration well in advance of The Oil & Gas Conference® will provide your best chance to gain insight from Occidental Petroleum SVP and chief financial officer Cedric Burgher, Continental Resources Chairman and CEO Harold Hamm, and global supermajor Eni, SpA VP of North America Investor Relations Andrew Lees.

Who Attends the Conference: More than 2,000 institutional, private equity and hedge fund investors, family offices, energy research analysts, retail brokers, trust officers, high net worth investors, investment bankers and energy industry professionals gather in Denver for the conference.

One-on-One Meetings:  EnerCom works in advance with presenting company management teams to arrange one-on-one meetings with the attending institutional investors and research analysts at the conference venue. In 2018, EnerCom arranged and managed more than 2,000 one-on-one meeting requests.

How to Register:  Investment professionals and oil and gas companies may register for the event through the conference website

EnerCom History and Sponsors: EnerCom, Inc. founded The Oil & Gas Conference® in 1996. It is the oldest and largest energy investment conference in Denver.

Global sponsors of EnerCom's conferences are Netherland, Sewell & Associates; and Drillinginfo. Sponsors of The Oil & Gas Conference® 24 include CIBC; Credit Agricole CIB; McGriff, Seibels & Williams; Haynes and Boone; Moss Adams; PNC; Preng & Associates; Bank of America Merrill Lynch; DNB Bank ASA; Holland & Hart; MUFG; Petrie Partners; SMBC; and Wells Fargo.

About EnerCom, Inc.

Since 1994 EnerCom, Inc. has developed into a nationally recognized management consultancy advising oil and gas industry clients on corporate strategy, asset valuations, investor relations, media relations, external communications and visual communications design. 

EnerCom offers investor relations consulting and it produces and publishes numerous data products and external communications tools for public energy companies and oil and gas investors including:

  • Investor relations consulting services and investor roadshows specific to the oil and gas industry – contact Aaron Vandeford 303-296-8834 EXT: 222
  • Corporate annual reports, oil and gas company websites, custom stratigraphic and subsurface illustrations, company investor presentations – contact Aaron Vandeford
  • Oil & Gas 360® - an online daily industry financial news portal – advertising or company-wide subscriptions contact Ken Caiani 303-296-8834 EXT: 227
  • Digital marketing services and lead generation for oilfield service and technology companies – contact Ken Caiani

Headquartered in Denver, with senior consultants in Dallas, EnerCom uses the team approach for delivering its wide range of services to public and private companies, large and small, operating in the global exploration and production, OilService, capital markets, and associated advanced-technology industries. EnerCom's professionals have more than 170 years of industry and business experience and a proven track record of success.

EnerCom's upcoming oil and gas investment conferences include:

EnerCom Denver (The Oil & Gas Conference®) – August 11-14, 2019

EnerCom Dallas – March 4-5, 2020

For more information about EnerCom and its services, please visit http://www.enercominc.com/ or call +1 303-296-8834 to speak with the management team or one of our consultants.

Netherland, Sewell & Associates, Inc.

Netherland, Sewell & Associates, Inc. (NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. With offices in Dallas and Houston, NSAI provides a complete range of geological, geophysical, petrophysical, and engineering services and has the technical experience and ability to perform these services in any of the onshore and offshore oil and gas producing areas of the world. They provide reserves reports and audits, acquisition and divestiture evaluations, simulation studies, exploration resources assessments, equity determinations, and management and advisory services. For a complete list of services or to learn more about Netherland, Sewell & Associates, Inc. please visit www.netherlandsewell.com.

For more information about NSAI, call C.H. (Scott) Rees, Chief Executive Officer, at 214-969-5401 or send an email to info@nsai-petro.com.

Drillinginfo

Drillinginfo delivers business-critical insights to the energy, power, and commodities markets. Its state-of-the-art SaaS platform offers sophisticated technology, powerful analytics, and industry-leading data. Drillinginfo's solutions deliver value across upstream, midstream and downstream markets, empowering exploration and production (E&P), oilfield services, midstream, utilities, trading and risk, and capital markets companies to be more collaborative, efficient, and competitive. Drillinginfo delivers actionable intelligence over mobile, web, and desktop to analyze and reduce risk, conduct competitive benchmarking, and uncover market insights. Drillinginfo serves over 5,000 companies globally from its Austin, Texas headquarters and has more than 1,000 employees.

For more information visit drillinginfo.com

CIBC

CIBC is a leading Canadian-based global financial institution with a reputation as a strong, reliable banking partner focused on delivering customized products and services built on innovative thinking and leading technology.

Through our major business units – Canadian Personal & Business Banking, Canadian Commercial Banking & Wealth Management, U.S. Commercial Banking & Wealth Management and Capital Markets – our more than 45,000 employees provide a full range of financial products and services to 10 million clients around the world.

With offices throughout North America and other major financial centers, we are widely recognized as a strong global financial institution with more than $634 billion in assets and a market capitalization of $50 billion. We are rated A+ by Standard & Poor's, Aa2 by Moody's Investor Service and AA- by Fitch Ratings.

Our dedicated industry specialists based in Houston, New York, Calgary, London, Hong Kong, Beijing, Tokyo, Singapore and Sydney draw on the breadth of our capabilities to support firms across the entire energy value chain. From credit commitments, A&D advisory, M&A, and capital markets, we help our clients achieve their objectives and unlock value across a range of market conditions.

Visit www.cibccm.com/energy to learn more about CIBC Capital Markets and our energy capabilities.

Crédit Agricole Corporate and Investment Bank

Crédit Agricole Corporate and Investment Bank is the corporate and investment banking arm of the Crédit Agricole Group, the world's eighth largest bank by total assets (The Banker, July 2014). Crédit Agricole CIB offers its clients a comprehensive range of products and services in capital markets, brokerage, investment banking, structured finance, corporate banking, and international private banking.

With headquarters in New York City, and U.S. offices in Houston and Chicago, Credit Agricole CIB Americas offers its corporate and institutional clients financial products and services and made-to-order structuring, origination and distribution, through both its banking unit Credit Agricole CIB, and the full-service broker-dealer Credit Agricole Securities (USA) Inc., which is a member of the NYSE and NASD.  Credit Agricole CIB is also present in Montreal, Canada, and in Latin America with offices in Argentina, Brazil, and Mexico.

The Energy Industry represents the single largest concentration of industry exposure at Credit Agricole Corporate and Investment Bank, whose specialty focus dates back over 100 years. Our Energy practice for

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