Oil & Gas Divestitures: Shedding Non-Core Assets
New York,US (PRWEB) June 27, 2013
Already held on Thursday, June 6, 2013 - 1 p.m. EDT
The past few months have seen a surge in A&D activity in the upstream oil and gas markets. Weak natural gas prices and a relatively stable oil price are acting as catalysts for increased deal activity. Whether it's to raise capital to strengthen balance sheets, develop existing assets or acquire new assets that better fit their longer term strategic goals, oil and gas corporations are focused on shedding their non-core assets.
What's the likely trajectory of this trend and what factors will continue to drive it? Which buyers are demonstrating the most interest and muscle? Which asset classes will see the most divestiture activity, and what opportunities does it present you and your organization? How will valuations be impacted and how can you be sure to get the best price? Above all, how should you adapt your A&D strategy in light of these market conditions and position your firm to benefit from them?
Senior Writer, Energy
Claire Poole is a senior writer based in Houston covering energy and utilities. Throughout her time at The Deal, Claire has written many stories analyzing the how and why of energy deals and speculating on upcoming activity. She has also conducted insightful interviews with leading energy dealmakers and is often the first to reveal groundbreaking energy news.
Before joining The Deal in 2000, Claire worked as a staff writer at Forbes and was an editor of Worth, El Financiero International and Mexico Business. During her stint at Mexico Business, she was a finalist for the Livingston Awards for Young Journalists.Claire has also had articles published in Money, Texas Monthly, Businessweek and Latin Trade.
Christine B. LaFollette
Akin Gump Strauss Hauer & Feld LLP
Christine B. LaFollette is the partner in charge of the Houston office and a member of the firm's management committee and the Houston office's diversity committee. Ms. LaFollette has more than 30 years of experience representing issuers and underwriters in public offerings and private placements of equity and debt securities, restructurings and financings, including master limited partnerships, as well as federal and state securities laws matters. Ms. LaFollette also represents clients in public and private M&A and disposition transactions, particularly in the energy industry.
Ms. LaFollette received her B.S. from the University of Texas in 1974 and her J.D. from Loyola University in Los Angeles in 1980. She is a member of the State Bar of Texas and the American Bar Association, as well as a sustaining fellow of the Houston Bar Association and a past chair of its Corporate Counsel Section. She is also a fellow of the Texas Bar Foundation, a former director of the Houston Bar Foundation and a member of the College of the State Bar of Texas.
Ms. LaFollette serves as a director of the Houston World Affairs Council and serves as a director for the National Association of Corporate Directors - Houston Chapter and the Texas General Counsel Forum. She is a speaker and moderator at various seminars, including those sponsored by the American Corporate Counsel Association, the Texas Corporate Counsel Institute, Rocky Mountain Securities Conference, the National Association of Women Lawyers (NAWL) and the Houston Bar Association.
Mr. Oh joined Apollo Management in 2008. He is a Senior Partner and one of the original founding members of the Firm's Natural Resources Group. Prior to that time, Mr. Oh was with Morgan Stanley's Commodities Department where he led principal investments for the group. While at Morgan Stanley, Mr. Oh led many of the group's principal investment activities in oil and gas, electricity generation and transmission, agriculture, dry freight, alternative energy, refineries, and carbon. In addition, Mr. Oh helped launch an oil and gas fund, Helios Energy/Royalty Partners, and sat on the board of several portfolio companies. Mr. Oh has 17 years of experience, including 12 years of principal investing. He also has a broad range of experience in the commodities markets including risk management and structured products.
Since joining Apollo Management, Mr. Oh has been actively involved in the Firm's E&P investments, including leading the Parallel Petroleum acquisition in 2009. Mr. Oh serves as Chairman of the Board of Parallel Petroleum and is a Director of Athlon Energy. Mr. Oh received a BS from the University of Pennsylvania's Wharton School of Business and an MBA from the Yale School of Management. He is also a Certified Public Accountant and a Chartered Financial Analyst.
About Merrill DataSite
Merrill DataSite is a secure virtual data room (VDR) solution that optimises the due diligence process by providing a highly efficient and secure method for sharing key business information between multiple parties. Merrill DataSite provides unlimited access for users worldwide, as well as real-time activity reports, site-wide search at the document level, enhanced communications through the Q&A feature and superior project management service - all of which help reduce transaction time and expense. Merrill DataSite’s multilingual support staff is available from anywhere in the world, 24/7, and can have your VDR up and running with thousands of pages loaded within 24 hours or less.
With its deep roots in transaction and compliance services, Merrill Corporation has a cultural, organisation-wide discipline in the management and processing of confidential content. Merrill DataSite is the first VDR provider to understand customer and industry needs by earning an ISO/IEC 27001:2005 certificate of registration – the highest standard for information security – and is currently the world’s only VDR certified for operations in the Europe, United States and Asia.
As the leading provider of VDR solutions, Merrill DataSite has empowered more than two million unique visitors to perform electronic due diligence on thousands of transactions totalling trillions of dollars in asset value. Merrill DataSite VDR solution has become an essential tool in an efficient and legally defensible process for completing multiple types of financial transactions.
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