Mercer Capital is proud to sponsor and attend the 2024 D CEO Energy Awards on October 29, 2024 in Dallas, Texas. Representatives from Mercer Capital’s oil and gas industry team be attending.
Now in its seventh year, the D CEO Energy Awards honor outstanding leaders in oil and gas, energy finance, and renewables that continue to innovate and propel the industry forward. Attendees will hear insights from top leaders within the energy sector, as the awards will celebrate leaders in upstream, midstream, services (including technology companies), energy finance, and renewables.
Mercer Capital has over 20 years of experience valuing assets and companies in the oil & gas industry. Our experience and expertise span the entirety of the energy value chain, including upstream (E&P), midstream, refining & marketing, and oilfield services.
We understand how market participants view various reserve categories, including proved developed producing (PDP), proved developed non-producing (PDNP), proved undeveloped (PUD), as well as probable and possible reserves. The nature of the ownership interest is important as well, as working interests and royalty interest have fundamentally different economics which must be incorporated in any valuation analysis. We have valued billions of dollars of reserves over our careers and have one of the most active valuation practices in America.
On the downstream side, Mercer Capital has experience valuing refining & marketing companies. Refining is a capital-intensive business, and profitably is largely driven by the crack spread (which measures the prices of refined products compared to the cost of crude oil). Understanding these market dynamics is critical in preparing a credible valuation.
We also value oilfield services (OFS) companies supporting the E&P sector, including companies providing casing & tubing, wireline, intervention, seismic, and drilling & completion services, as well as tool and equipment manufacturers. While OFS companies are economically much closer to standard operating companies than their E&P counterparts, they are particularly exposed the cyclicality of the oil patch, requiring thoughtful analysis when preparing a valuation.
In addition, we publish quarterly updates in the energy industry in our Energy Industry Newsletter and weekly insights in our Energy Valuation Insights blog.
