MEDIA PARTNERS

Workshop Agenda

Energy Capital Week -
The Workshop: Starting and Building an E&P Company
12:30 - 5:00 p.m., June 1, 2009

Sponsored by

The following speakers participated in roundtable discussions that did not include PPT presentations.

Clint Wetmore, Post Oak Energy Capital
Doug Krenek, Chalker Energy Partners III
David Marcell, Managing Director, AIM Energy Advisors LLC
Marcus Rowland, EVP and CFO, Chesapeake Energy Corp. - Roundtable discussion, no presentation
Shane Bayless, CFO, NFR Energy LLC - Roundtable discussion, no presentation

Workshop Agenda:

11:30 AM – 12:30 PM
Registration and Light Lunch

12:40 – 1:00 PM
PE For E&P Start-Up Capital: Current Funding Capacities
During the past few years, strong investor interest in energy has heavily loaded PE funds, thus creating initial capitalization opportunities for more good start-up teams and models than the few that passed the tests in past downturns. While the current commodity-price down-cycle is constraining new PE fund-raising, great amounts of capital from existing PE funds remain ready to deploy. Here’s a review of the baseline parameters of PE investments today.

Speaker: David Bole, Managing Director, Quantum Energy Partners

1:00 – 1:30 PM
Balancing the Capital Structure: Current Debt Markets
You've found the acquisitions that are right for your new shop. Now, leverage the purchase with debt-but from whom, and at what price? These commercial and mezzanine-debt experts describe current deal terms.

Dan Steele, Senior Vice President - Energy Lending, Bank of Texas
Clint Wetmore, Post Oak Energy Capital
Robert Chambers, Chambers Energy Capital

1:30 – 2:00 PM
Current Asset-Acquisition Metrics For The Start-Up E&P
The platform assets—proved, producing, with a good splash of PDNPs and PUDs—are traditional for PE-funded E&Ps. Here’s a summary of the current market for these assets—and the price.

Speaker: Ward Polzin, Managing Director-Investment Banking, Tudor, Pickering, Holt & Co. LLC

2:00 – 2:30 PM
Finding Deals: Shaking Platform Assets Free
While properties are coming onto the market now after a few quarters of buyer/seller valuation gridlock, well-cashed asset-hunters will dominate for the creme de la creme. Here are tips on how strong PE-funded start-up E&Ps can compete.
Roundtable Discussion

Doug Krenek, Chalker Energy Partners III
David Marcell, Managing Director, AIM Energy Advisors LLC

2:30 – 3:00 PM
Networking Break

3:00 – 3:30 PM
What’s Your Business Plan?
Oil-focused? Gas-focused? Onshore? Offshore? U.S.? Canadian? Non-North American? The business plan will probably need a dozen or more improvements before it will sell. Here’s a review of PE’s view.

3:30 – 4:00 PM
Right Team, Right Time: Essential Start-Up Talent
Expertise in engineering, geology, finance, land and business development, and operations will be needed. Here, down-cycle start-up E&P veterans describe putting together the talent to turn an incredible commodity-price buying opportunity into a significant profit-making opportunity. And, how much capital each team member will need to put up.

4:00 – 4:30 PM
Current Issues in the CFO Suite
Securing private equity is a significant part of the financing equation. Deal making is usually leveraged with debt capital, including bank credit facilities, and partners need surety bonds and other security. And, more issues fall the the senior financial officer, including price-risk management, physical insurance, IT and HR. Here are the latest best practices.
Roundtable Discussion

Marcus Rowland, EVP and CFO, Chesapeake Energy Corp.
Shane Bayless, CFO, NFR Energy LLC

4:30 – 5:00 PM
Navigating the Unpredictable Seas of the Energy Industry 2009 - Zig, Zag or Stay the Course? Roundtable Discussion
A roundtable discussion on evolving business plans or belief and patience in the stagnant A&D market and whipsaw price regime. What have these seasoned veterans done to find a way to make money in the face of the adversity and uncertainty of a very tough business environment?

Discussion Leader: Nissa Darbonne, Executive Editor, Oil and Gas Investor

5:00 p.m. – 6:00 p.m. Networking Reception