Specialist
Production Engineer at Laredo Petroleum Inc
Agenda
- Overview of M&A activity within the Permian
- Competitive landscape and key players' positioning
- Exploration and production acquisition targets, and likely acquirers
- Outlook for 2019 and beyond
Questions
1.
What is your updated perspective on the completed Oxy and Anadarko merger in terms of what you’d expect to develop within the Permian consolidation story, and what you think is driving that?
2.
Which companies do you think are prime for acquisition or likely to be the acquirers, and can you also discuss the backdrop?
3.
Who do you think is the optimal target for Exxon and Chevron given their acreage position and why, or considering their strategy, who could be a good fit within that portfolio?
4.
Could you share your view of the players you mentioned and the strategy they’ve been using in drilling depletions? How would you assess the viability of the assets, moving forward?
5.
What do you think is the advantage of M&A in terms of cost-saving initiatives, particularly on the G&A level?
6.
How would the synergy potential change if a Permian player was to acquire assets outside of its core area, like a Midland player acquiring Delaware?
7.
How could co-development be problematic? How do operators have multiple zones to drill, exploit the additional zones without running into the parent-child issues?
8.
How does an operator properly exploit the other zones without experiencing issues around co-development and parent-child issues? Is there no way to economically develop multi-zone targets?
9.
Could a potential situation arise in regards to this story that you would keep your eye on, or is there an operator that is a questionable in how they’re approaching these multi-zone targets?
10.
Can you go through the benefits of infrastructure scale and the differences between Delaware and the Midland?
11.
Is there anything further that you feel is really important for us to walk away with or understand?
