SUPER DUG 2024 Speaker Presentations

Day 1, May 15, 2024

Opening Keynote: Operator Spotlight - Diamondback Energy

Diamondback Energy is one of the leading independent oil producers in the U.S., with top-tier Permian acreage in the Midland, Delaware and Central Basin. Last year, Diamondback produced 263,000 bbl/d, with 2024 full-year guidance projected at 275,000 bbl/d. In February, Diamondback announced a $26 billion merger with Endeavor Resources. The deal brings Diamondback’s net acreage in the Permian to 838,000 with combined production to potentially reach 816,000 bbl/d.

Keynote Speaker:

• Kaes Van't Hof, President and CFO, Diamondback Energy

Market Overview 

The shale industry is maturing, and consolidation is impacting every corner of unconventional oil and gas production. But the need for reliable, secure energy is as great as ever. Bottom line: The world needs oil and gas, and it will need oil and gas for the foreseeable future and beyond. The country’s unconventional basins will continue to play the biggest role on the world’s energy stage.

Speaker:

• J. Marshall Adkins, Senior Managing Director, Head of Energy Investment Banking, Raymond James

Operator Spotlight: BPX Energy

BPX Energy, BP's US onshore business, operates in the Permian, Eagle Ford and Haynesville basins. Headquartered in Denver, bpx delivers a better barrel, leveraging next level technology to safely increase production while lowering emissions.

Speaker:

• Clark Edwards, Vice President of Development, BPX Energy

Opportunities and Challenges for Private Capital Investing in Oil and Gas

A thought leader from one of the country’s top energy private investment companies shares his views on the future of U.S. shale, the most interesting investment opportunities today and how the industry might finance those opportunities.

Speaker:

• Wil VanLoh, CEO, Quantum Energy Partners

Insights From the Investors: Following the Money

Capital is returning to the oil sector. In this discussion, learn from a private-equity investor and a public-securities analyst.

Moderator:

• Jay Young, CEO and Founder, King Operating Corporation

Speakers:

• David Deckelbaum, Managing Director, Energy Transition and Sustainability, Cowen
• Paul Lee, Operating Partner, Tailwater Capital

Midstream Masterclass: A Rapidly Evolving Market Aims to Meet Increased Supply

Demand for oil and gas is only expected to grow, and— with several LNG projects poised to come online in the next few years—expected to grow rapidly. The midstream market is working to keep up with supply and demand dynamics, but merger, acquisitions and regulations are changing the playing field.

Speakers:

• Gregory Davis, Partner, EIV Capital
• Brad Iles, CEO, Brazos Midstream
• Drew Ward, Partner & Chief Commercial Officer, Pinnacle Midstream II

The Impact of M&A: The Future of the U.S. Energy in the Era of Consolidation

The flurry of major deals in the second half of 2023—supermajors spending in excess of $125 billion in acquisitions—shook the landscape of the U.S. energy industry. Consolidation has long been on the horizon, but where do we go from here?

Moderator:

• Todd Brooker, President, Cawley, Gillespie & Associates, Inc.

Speakers:

• Joe Foran, Chairman of the Board, CEO, Matador Resources
• Steve Gill, Co-Head of Mergers and Acquisitions and Capital Markets, Vinson & Elkins
• Andrew Rapp, Partner and COO, Petrie Partners
• Doug Reynolds, Managing Director, Energy & Power, Piper Sandler 

A Macro Perspective: Emissions Regulations and the Effects of Consolidation

In December, the U.S. Environmental Protection Agency issued new rules governing methane emissions from oil and gas sites across the country, with the aim to prevent 1.5 billion tons of greenhouse gas emissions. The regulation is likely to have a significant impact on any company operating in the oil and gas industry in the U.S. Meanwhile, low natural gas prices and rapid consolidation are impacting service pricing.

Keynote Speaker:

• Steve Pruett, President & CEO, Elevation Resources LLC, and Chairman, IPAA

Day 2, May 16, 2024

Operator Session: Apache

For over 30 years, Apache Corporation has maintained a significant position in the Permian Basin. In recent years, the company has made notable capital efficiency improvements, enhancing returns while delivering strong oil volume growth. The company’s well performance speaks for itself, with top-tier well results and best-in-class productivity improvements in both the Midland and Delaware Basins.   

Performance improvements have been driven by differential development planning and execution and substantial drilling efficiency gains. The company developed a proprietary neural network to identify and simulate hundreds of development scenarios with a goal of optimizing NPV per section and per well capital efficiency.  

With the increased sophistication of its approach and proven impact to project economics, the company recently expanded its position in the Basin with the April 2024 acquisition of Callon Petroleum. This strategic acquisition will allow Apache to apply its unconventional technical expertise and proprietary workflows to drive further improvement and value creation on the newly expanded Permian position.

Speaker:

• John Christmann, CEO, Apache
  
  

Expanding the Uinta: XCL Resources

An EnCap Investments portfolio company, and an evolution of Rice Energy, XCL Resources focuses on cube development of the Uinta Basin from 45,000 net acres.

Moderator:

• Eric Stevens, President and Chief Operating Officer, Netherland, Sewell & Associates, Inc.

 Speaker:

• Blake McKenna, President and COO, XCL Resources

Details of Permian Success Story: Private Equity-Backed Delaware Basin Producer Reveals its Post Consolidation Plans

Backed by Post Oak Energy Capital, UpCurve Energy was formed in 2015. The core team of ex-ConocoPhillips colleagues focuses on leveraging technology and innovation to develop and operate more than 20,000 acres in the Delaware Basin. In this session, you’ll hear from top leadership from UpCurve as they share their insights.

 Speaker:

• Zach Fenton, CEO, UpCurve Energy 

Perspectives From an M&A and Investment Leader

 Speaker:

• Stephen Trauber, Managing Director, Chairman and Global Head of Energy and Clean Technology, Moelis

Perspective on Policy: An Outlook on Federal Regulations of Natural Resources

In 2023, the U.S. became the largest energy producer of any country in history. But with shifting policies and the emergence of new regulations, how does the U.S. retain that claim?

 Speaker:

• James Dolphin, Partner, Environmental, Kirkland & Ellis

Financing Trends in the Unconventional Development Industry

Moderator:

• James Wicklund, Managing Director, Parks Paton, Hoepft & Brown (PPHB) 

 Speakers:

• Michael Bodino, Managing Director, Texas Capital
• Russell Weinberg, Managing Director and Founder, Energy Capital Solutions
• Stuart Weinman, CEO, Total Sand Solutions

Primer on Power Generation, Opportunities and Challenges in Texas

Moderator:

• Brandon Schwertner, CEO, Priority Power

 Speaker:

• Sam Siegel, Vice President, Wholesale Strategy, Vistra Corp.
  
  
  

Investor Insights into Upstream Consolidation and Capital Allocation

Rapid consolidation has shaken up the oil and gas industry, with more deals sure to be on the horizon. But what types of companies could be targets? Meanwhile, producers continue to generate free cash flow and increase dividends. How are those strategies impacting capital allocation?

Moderator:

• David Deckelbaum, Managing Director, Energy Transition and Sustainability, Cowen

Speaker:

• Mark Viviano, Managing Partner and Lead Portfolio Manager, Kimmeridge Energy Engagement Partners
  
  
  

Federal Trade Commission Deal Reviews: Insight on the Fed's Second Look at Major Deals

Recent major deals like ExxonMobil and Pioneer Natural Resources, and Chevron and Hess, are being reviewed by the FTC. While the deals are expected to be completed, federal oversight could have an impact on future deal-making.

 Speakers:

• Chuck Boyars, Partner, Antitrust & Competition, Kirkland & Ellis
• Lande Spottswood, Partner, Vinson & Elkins
  

FireBird Energy: Perspectives from a Private Equity-Backed Permian Producer

A portfolio company of Quantum Energy Partners and operating in the Midland Basin, FireBird II was formed following the sale of FireBird Energy LLC to Diamondback Energy for approximately $1.6 billion in November 2022. Since its formation in April 2023, FireBird II has assembled approximately 20,000 gross acres and is currently running 2 rigs.

Speaker:

• Travis Thompson, CEO, FireBird Energy II

Midstream Insights: Full Integration in the Delaware Basin

Formed in the merger of EagleClaw Midstream and Altus Midstream, Kinetik is the largest publicly traded, Permian pure-play midstream company, providing natural gas gathering, processing, and treating, oil gathering, and produced water gathering and disposal. Kinetik’s extensive system spans across Texas and New Mexico connecting the wellhead to the US Gulf Coast.

Moderator:

• Kevin Abbrat, Industry Solutions Advisor, Detechtion Technologies

Speaker:

• Jamie Welch, President and CEO, Kinetik

A Deep Dive into the Delaware Basin: Franklin Mountain Energy Makes its Mark in New Mexico

Franklin Mountain Energy is a Permian pure-play private, with over 30,000 net acres in Lea County, New Mexico. The company was formed in 2018 through a series of transactions in southeastern New Mexico and today is one of the largest private operators in the Delaware Basin. Since its inception, Franklin Mountain has drilled more than 130 wells and produces on average 50,000 boe/d.

Speaker:

• Audrey Robertson, Co-Founder and Executive Vice President Finance, Franklin Mountain Energy

Methane Mitigation: Solutions and Insight into Managing Emissions and Understanding Regulations

The emissions reductions landscape is rapidly evolving, with new EPA rules regulating methane emissions being announced in December. Understanding what it all means is critical to maintaining a social license as well as ensuring operations meet policy requirements.

Speakers:

• Shankar Annamalai, Senior Vice President, Permian Geo Market and Emissions Technologies, ChampionX
• Grant Swartzwelder, President, OTA Environmental Solutions

Day 3, May 17, 2024

Right-sizing in the Bakken & Three Forks: Liberty Resources

Liberty Resources recently transacted on more than 100 operated well and 85,000 net acres.

Speaker:

• Mark Pearson, President and CEO, Liberty Resources
  
  

Averting the Next Energy Crisis: Finding New Talent for the Industry

Recent industry reports are finding what many already know: Finding enough—and the right kind—of new talent for the oil and gas industry is becoming increasingly challenging. As the oil and gas industry continues to find its way amid the Energy Transition, finding that talent is critical to sustained success.

Speaker:

• Molly Determan, President, Energy Workforce and Technology Council

Operator Session: Surge Energy  

Speaker:

• Linhua Guan, CEO, Surge Energy America

Service Costs and Availability Amid a Volatile Market

With operators tempering production growth estimates, instead focusing on returning cash to shareholders, what does that mean for the service industry? 2024 could see more readily available frac crews and rigs with potential discounts.

Speakers:

• David Reid, Chief Technology Officer, NOV
• James West, Senior Managing Director, Evercore

Efficiency in Extended Reach: A Deep Dive on Horizontal Well Laterals Lengths

It has been well established that longer laterals prove to generate better production and cost efficiencies. Now with 4-mile laterals in the Permian Basin, is the industry reaching its lateral length limits? This panel discussion will take a close look at how extended laterals in the Permian Basin are faring.

Speaker:

• Jim Jacobsen, Drilling Manager, IPT Solutions
• Sola Oluwadare,  Drilling Engineer, SLB
• Jeremy Workman, Executive Sales, Coiled Tubing, NOV

Operator Spotlight: PureWest Energy

Speaker:

• Kristel Franklin, Chief Operating Officer, PureWest Energy

Power Industry Perspectives: ERCOT

Speaker:

• Kristi Hobbs,  Vice President, System Planning and Weatherization, Electric Reliability Council of Texas (ERCOT)