Market Monitor

As part of our ongoing MarketMonitor series, Energy Advisors Group has prepared this 9-page report to provide you with Key Themes and Takeaways from our 3-days in Denver. The EnerCom summer conference brought together the energy and investment communities, featuring insights from public and private E&Ps, midstream players, OFS companies, capital providers & government officials.

This report highlights our Key Takeaways and includes ~20+ slides curated from 1,000’s presented. We've organized the report by Macro Insights, A&D, E&P, Capital Markets, Oilfield Services, Canada and International.

Here’s 5 Quick Takeaways —

• Global Oil Demand is NOT Going Away - Though Companies Are Preparing for Potential Short-Term Lower Oil
• APA and Bill Armstrong keynoted stressing that exploration is needed to counter resource declines as oil demand will remain at the ~100 MMBOPD level globally through at least 2050. Along this theme, recently -
• BP made a major discovery in Brazil's Santo Basin, its largest find in 25 years,
• Talos hit payday in a subsalt Miocene exploration well in Gulf of America,
• Aker BP and Equinor strike success in the North Sea.
• EOG says “We ‘bottom-cycle’ stress test our assets at of $45 oil & $2.50 gas – if it works here, it works anywhere.”
• A&D: Many Active Companies Optimizing Portfolios
• In particular, the Permian CBP and NW Shelf is a target for consolidation say Ring & Blackbeard.
• BPX shows a case study of its 15-year Eagle Ford JV w/Devon which was successfully dissolved and both are actively Re-Frac'ing their respective positions.
• E&P: Companies Continue To Focus On Improving Economics
• ReFracs, better drilling patterns, optimized (often tighter) spacing, enhanced rock knowledge.
• Oilfield Services: Innovation Continues Driving Success
• From repurposing dead wells into revenue (Renewell), to expanding water biz (Select), to keeping your equipment relevant (Liberty).
• Canada and International E&P is Seeing Growing Interest
• There’s a notable shift in interest from solely U.S. shales to exploring cheaper opportunities for large-scale oil and gas production in regions like Canada and other international,
• Canada's Deep Basin is delivering IRRs >50% say Vermilion,
• Guyana, Suriname, Namibia, Colombia, Brazil, Gulf of Thailand, Aruba are just some of the international Hot Spots.

Here is page 2 excerpt from the Monitor highlighting three industry slides form the event.

The FULL 9-page report is available for download to the right.

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This article is for informational purposes only and not intended as financial advice. Please conduct your own research before investing.