Dedicated to the hottest trends in the oil & gas and energy industries, these episodes will feature debates and discussions with senior executives and investors focused on pioneering ideas transforming the energy industry.
Griffin Perry, Co-Founder and Managing Director at Grey Rock Energy Partners joins us to talk about how Grey Rock have built up a portfolio of about $500 million AUM since their inception back in 2013 around a strategy of investing primarily in non-operated working interests. During the course of this episode, Griffin talks about the advantages of adopting a non-op investment approach, and how this strategy allows them to maximise their investments while also protecting themselves against potential downside. He also discusses the different ways in which investors are getting creative to find more optionality around the exit in the current climate, such as through securitizations and SPACs.
Recorded on 30th October 2020
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Dan Pickering, Founder & Chief Investment Officer at Pickering Energy Partners, joins us to talk about Pickering Energy Partners’ spin off from Tudor, Pickering, Holt & Co. back in 2019 and how the firm remains bullish on Oil & Gas as they expect there to be a lot of transaction activity in the market as the current downcycle sorts itself out. During this episode, Dan walks us through where he sees potential for future upside, what types of opportunities he will be looking to target and how this fits into PEP’s strategy . Dan also explains why 2020, although being a difficult time to be an energy investor, is a great time to be building a business.
Recorded on 22nd October 2020
Avik Dey – Head of Energy & Resources at CPPIB, joins us to talk about the secular change that is taking place across the industry and how energy investors are having to learn to adapt their approach to a world that is fundamentally different today than what they have been used to in the past. He talks about the importance of sustainability and the ability to identify assets that allow investors to build a resilient portfolio that is able to withstand market volatilities and deliver returns over the mid to long-term. He outlines the 4 key themes that underpin CPPIB’s energy strategy, the importance of traditional energy moving forwards, and how to position yourself for growth as an energy investor in a world that is de-carbonising.
Recorded on 16th October 2020, Glenn Jacobson – Partner at Trilantic Capital Partners joins us to talk about the evolution of the energy investment landscape. The current downturn has seen an unprecedented exodus of capital from the Upstream E&P sector, and during this episode Glenn explains the reasons behind this and what investors will want to see from the Upstream E&P sector if Oil & Gas companies are to have any hope of attracting capital back to the space. Glenn also talks about the changing macroeconomic factors that investors will need to take into consideration when approaching the energy industry in a post-COVID19 world and how the combination of changing global energy demand and increasingly competitive alternative energies is forcing investors to be far more selective about how and where they deploy their capital across the energy industry
Recorded on 13th October 2020, Mark Viviano – Head of Public Equities at Kimmeridge Energy joins us to talk about how he joined Kimmeridge Energy earlier this year to launch a dedicated activist fund focussed on reforming the public E&P sector after he had grown increasingly frustrated at how the E&P sector had become un-investable. Over the course of this episode, we explore what it will take to reform the public E&P sector and the importance of activism in bringing about the necessary changes
Tom Petrie returns to the podcast to discuss the upcoming US Presidential Elections on November 3rd and how a Trump vs Biden Presidency and Republican vs Democratic Senate will affect the Oil & Gas Industry moving forward.
In this episode we chat with Ryan Childs & Abhishek Kumar, Principals of Production Lending LLC join us to discuss some of the preferred equity and debt soltutions that their team is providing to the sub $15mm market for E&P, Non-Op, and Minerals & Royalties companies.
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More information on the speakers
Ryan is a Principal at Production Lending, where he is jointly responsible for supervision of PL’s investment program and strategy, as well as overall management of the company. Prior to PL, Ryan spent eight years working in investment banking, beginning in the Financial Sponsors Group at Bank of America Merrill Lynch, where he helped raise acquisition financing for private equity client investments, as well as focusing on advisory services for their portfolio companies. In 2012, Ryan transferred to the Energy Group and moved to Houston, TX where he functioned in the role of Vice President helping to underwrite and execute transactions. In 2014, Ryan transitioned to BMO Capital Markets to focus on upstream companies, working as a Vice President until 2017. During his career in investment banking, Ryan underwrote more than $20 billion in committed financing, and closed more than 35 lead left and advisory transactions with a total value greater than $25 billion. Ryan received his MBA in 2009 from the McCombs School of Business with specializations in Private Equity Finance and Real Estate Finance. Ryan lives in Austin, TX with his wife and three children.
Abhishek Kumar is a founder and Principal of Production Lending. He is jointly responsible for supervision of PL’s investment program and strategy, as well as overall management of the company. Prior to founding Production Lending in 2016, Abhishek spent eight years in Energy Investment Banking. During this time he underwrote more than $35 billion in committed financing, and advised companies in the Energy sector on over $15 billion of successfully closed M&A transactions. Abhishek started his banking career in the Energy Group of Wells Fargo as an Associate where he focused mostly on upstream and midstream sector clients. In 2010, Abhishek transitioned to Nomura where he helped raise acquisition financing for energy focused private equity clients and also advised upstream and oilfield services companies on M&A, equity, debt, interest rate and commodity derivatives. From 2014 till 2016, Abhishek worked at BMO Capital Markets as Vice President in the Energy Investment Banking Group where he focused mostly on upstream companies. Abhishek received his MBA in 2008 from the McCombs School of Business and his BS in Aerospace Engineering from the Indian Institute of Technology (IIT) Kanpur. At McCombs, Abhishek was the recipient of Endowed Presidential Scholarship and at IIT Kanpur, he was the recipient of prestigious Nigam scholarship for excellence in academics. Abhishek is also a CFA Charterholder. Abhishek lives in Houston, TX with his wife and two children.
In this episode our guests are Nigel Jenvey - Global Head of Carbon Management at Gaffney Cline and Lewis McDonald - Global Head of Energy at Herbert Smith Freehills join us to discuss some of the ESG & GHG related trends and policies in the Oil & Gas Industry and how they relate to company’s performance in the public markets as well as their ongoing ability to access capital.
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Brian Thomas joins us from Prudential Private Capital. During the episode, Brian talks about how institutional investors like Prudential can provide capital for O&G companies in place of commercial banks who are pulling back on their lending through this downturn.
Tom Petrie joins us from Petrie Partners. During the episode, Tom talks about the Rise of Putin, the US/China trade war, the competitiveness of US shale, and Middle Eastern geopolitics and how they have all played a part in creating the current state of affairs in the O&G Industry.
Recorded on 20 April 2020
Adam Waterous – CEO of Waterous Energy Fund joins us to discuss his theory of “Peak Permian”, which describes current US production levels as unsustainable and grossly uneconomic. During the episode, Adam explains how the emergence of unconventional fracking technology has caused a structural shift in the oil & gas industry, thus leading to the destruction of M&A demand and a call for change in the industry’s current operating and investment models. With the effects of COVID-19 & the Oil Price War in full force, Adam describes how his theory of “Peak Permian” is not only being validated but also sped up.