Feb. 25, 2015


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Please join us at the Four Seasons Hotel for a panel discussion on the oil and gas industry’s response to the current commodity price environment of falling oil prices and relatively steady gas prices.

Since at least 2011, the vast majority of E&P companies have been part of the “herd” positioning their companies to become “liquids focused”. The robust transaction activity in the Permian, Eagleford, Bakken, and Mid-Con was the outcome of strong demand for liquid weighted assets as oil prices continued to hold steady at $100+. Meanwhile a few hardy contrarians pursued gas-weighted assets despite the market’s focus on oil. Have these contrarians finally been vindicated? Some companies are now beginning to shift their focus from crude oil to natural gas as they see continued downward oil price pressures for the foreseeable near future. The result has been:
-Increased M&A&D activity in gas-weighted assets due to less volatility in natural gas prices, depressed oil prices, and the lack of quality oil-weighted assets on the market
-Increased natural gas permitting and drilling activity due to a shift in capital from uneconomic oil locations to gas opportunities
-Rebalancing of asset portfolios given the current commodity price environment

What are public and private companies doing in the face of the new commodity price environment? 
Who are the big winners and losers in the new commodity price environment? 
What should we expect in terms of natural gas weighted M&A&D transaction activity?

We welcome you to join us for this informative panel discussion to be hosted and moderated by Wells Fargo Securities, as well as the fellowship and networking of the popular Social Hour at 5:00 pm.

*SEASON PASSHOLDERS: You do not need to register for this event, as your Season 
Pass has automatically registered you for all 2014-15 Business Development 
events.  Thank you for being a Season Passholder!


Featured Speakers

Speaker: Scott W. Smith, Chief Executive Officer, Vanguard Natural Resources
Speaker Scott W. Smith, Chief Executive Officer, Vanguard Natural Resources
Scott W. Smith is President, Chief Executive Officer and Director of Vanguard Natural Resources and has over 35 years of experience in the energy industry, primarily in business development, marketing, and acquisition and divestitures. Scott has been the President and Chief Executive Officer for Vanguard since October 2006. Prior to …

Scott W. Smith is President, Chief Executive Officer and Director of Vanguard Natural Resources and has over 35 years of experience in the energy industry, primarily in business development, marketing, and acquisition and divestitures. Scott has been the President and Chief Executive Officer for Vanguard since October 2006. Prior to joining Vanguard, Scott served as the President of Ensource Energy Company, LLC and was a Board and executive committee member of Wiser Oil Company. Earlier in his career, Scott was the co-manager of San Juan Partners, LLC, which established control of the Burlington Resources Coal Seam Gas Trust which was sold to Dominion Resources, Inc.

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Speaker: John D. Jacobi, Co-Chief Executive Officer, Covey Park Energy
Speaker John D. Jacobi, Co-Chief Executive Officer, Covey Park Energy
John Jacobi is the Co-CEO of Covey Park Energy and has over 30 years of energy industry experience. He began his career in 1981 for Woolf & Magee where he was involved in E&P acquisitions for the drilling company. In 1991, John co-founded Jacobi-Johnson Energy and served as its President …

John Jacobi is the Co-CEO of Covey Park Energy and has over 30 years of energy industry experience. He began his career in 1981 for Woolf & Magee where he was involved in E&P acquisitions for the drilling company. In 1991, John co-founded Jacobi-Johnson Energy and served as its President focusing on acquisitions in the ArkLaTex and Gulf Coast. Jacobi-Johnson was sold to EXCO Resources in 1998 and John became Vice President of Business Development and Marketing. At Exco he led the acquisition efforts on over 100 transactions valued at ~$8B. Covey Park Energy recently acquired gas assets from Encana in East Texas. 

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Speaker: Art Krasny, Managing Director – A&D, Wells Fargo Securities
Speaker Art Krasny, Managing Director – A&D, Wells Fargo Securities
Art Krasny is a Managing Director in the Wells Fargo Acquisition & Divestiture Team and has 12 years of banking and energy industry experience. Art began his career with Wells Fargo in Denver and helped build and lead Wells Fargo’s industry leading energy lending platform in Denver. Art moved to …

Art Krasny is a Managing Director in the Wells Fargo Acquisition & Divestiture Team and has 12 years of banking and energy industry experience. Art began his career with Wells Fargo in Denver and helped build and lead Wells Fargo’s industry leading energy lending platform in Denver. Art moved to Houston in 2012 and joined Wells Fargo Securities in the Mergers and Acquisitions group and most recently joined the A&D team in the beginning of 2014. In his role as Managing Director of the A&D team, Wells Fargo has advised on over $6.5B of gas-weighted transactions in the past 24 months including the Sabine/Forest merger, Apache, Linn, and Newfield Mid-Continent divestitures, and is currently advising Samson Resources on a gas-weighted divestiture. Art has a Bachelor of Science degree from Saint Petersburg State University in Russia. 

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Date and Time

Wed, Feb. 25, 2015

5 p.m. - 7 p.m.
(GMT-0500) US/Central

Event has ended

Location

Four Seasons Hotel

1300 Lamar
Houston, Texas 77010
United States