Shopping for Good Deals

Thousands Gather to Talk Business and Make Deals
Kenny DuBose Photo

Kenny DuBose: Investor and Owner

At the recent NAPE Summit in Houston, people from all sectors of the energy industry came together at a unique event for three days of networking, education and deal-making.

Certainly, the challenges of low oil prices were on everyone’s mind. But if people were worried, the thousands in attendance did not give it away. The arena was filled with bankers, investors and drilling companies looking to talk business and shopping for good deals.

Related: NAPE Energy Summit 2015 

NPR was on site at NAPE and talking to attendees about their perspectives and concerns. Kenny DuBose, mineral investor and shale oil publisher, sat down with John Ydstie and commented on his experience.

Mr. DuBose’s comments were similar to others heard throughout the conference, as industry leaders and company owners expressed optimism about the future.

Related: Small Oil Companies Express Optimism

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NAPE Energy Summit 2015

Industry Leaders Express Optimism for Future
NAPE 2015

NAPE Summit Fast Facts 2015

Last week, nearly 15,000 participants descended on Houston for the 2015 NAPE Summit, featuring international and business conferences as well as over 850 exhibitors. This annual networking event brings prospects, producers and purchasers together to forge important business connections and hear industry thought leaders.

Related: Winter NAPE EXPO Business Conference Highlights – 2014

If low oil prices are a predictor of where the industry is headed, you couldn’t tell by the packed convention hall and the atmosphere of optimism. Keynote speakers including Jack Stark, President and COO of Continental Resources, focused on the record production set by North American producers in the last five years. He listed some of the industry’s recent wins:
  • Unprecedented growth from 2005-2015
  • World changing upstream technologies
  • Discovering a whole new, vast class of reservoir (shale plays)
  • Reserves at all time highs
  • Created jobs and increased our energy independence
  • Improved efficiencies such as cutting drilling time from 45 days to 17
  • A midstream evolution: pipelines, rail, rail to barge and connections to all coasts

The Chief Upstream Strategist for IHS, Bob Fryklund, encouraged participants not to push the panic button too quickly. Fryklund acknowledged that the conversation has changed in recent months but was quick to remind participants of the cyclical nature of the industry and that history indicated we would weather this storm.

During opening comments, Bob Fryklund commented, “OPEC and others discount the resilience of North America.” He added that, “we will not be a diminished producer because of what we are going through.”

The Keynote speakers took an optimistic tone, but some attendees expressed more caution. Several, who wished to remain anonymous, shared that they are convinced that a recovery is farther down the road. They expressed concern for their employees and their shareholders and are working to make hard decisions that will see them through the rest of 2015.

For more about NAPE, visit

Winter NAPE Expo Business Conference Highlights – 2014

Hydraulic Fracking and Water - Key issues at NAPE Winter Expo Business Conference

NAPE Business Conference | Click to Enlarge

The NAPE Expo is a North American event with some international influence, which features key players in the oil and gas industry. The business conference theme for 2014 was sustainability in the U.S. oil and gas industry.

The conference touched on key issues such as hydraulic fracking, regulatory and environmental issues, operational procedures and technological innovations.

[Read more…]

Heard at Winter NAPE 2013

Economy Looks Better - Small Deals in the Eagle Ford Still Available

Winter NAPE was February 6-8 and we spent our time listening to the pros discussing their views on energy policy, fundamentals, and investments. It’s a North American event with some international influence. See photos below. A few highlights from the business conference include: [Read more…]