Energy M&A Outlook Panel - Wells Fargo Building
After periods of under-investment in 2022 and the first half of 2023, there appears to be a revived appetite for M&A going into 2024. By the end of September, total deal value for 2023 surpassed 2022, while the overall number of deals remained low, signifying that the majority of deal value executed this year have been on a larger scale. The trend was confirmed with ExxonMobil's monumental acquisition of Pioneer Resources for $60 billion. This deal is poised to reshape the energy sector, signaling a potential wave of consolidations within the U.S. oil and gas industry going into 2024. The current public market dynamics seem to favor larger companies, as investors have placed premiums on their valuations as compared to smaller competitors. This scenario presents a golden opportunity for majors to acquire smaller E&Ps in all-stock transactions.
Join us for an in-depth discussion with industry experts as we dissect these developments, forecast future trends, and explore the potential trajectory of the Energy M&A sector in 2024.
Society of Petroleum Engineers - Gulf Coast Section is delighted to welcome Hunter Coates, CEO of Drive Petroleum, Seenu Akunuri, Principal of PwC, Christopher Cottrell, Shareholder of Polsinelli, Salvador Pareja, Managing Director of Goldman Sachs and Quynhthy Bui, Business Development Manager for Repsol, for a M&A Panel on Wednesday, October 25th, 2023 from 5pm-7pm at the Wells Fargo Building here in H-town.
THIS EVENT IS AT THE WELLS FARGO BUILDING ON THE 1ST FLOOR.
Location:
1000 Louisiana Street, 1st Floor
1000 Louisiana Street
Houston
,
Texas 77002