Houston 2020-03-04 SPEE Chapter Luncheon Meeting - Speaker: Ron Gajdica

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The Effect of Margin and Reserves/Production Ratio on Oil and Gas Transaction Multiples

Ron Gajdica, Managing Director & Gloval Head of Engineering, EIG Global ENergy Partners, will be speaking on  "The Effect of Margin and Reserves/Production Ratio on Oil and Gas Transaction Multiples”.

                                                                                                                              SPEE HOUSTON GOLD SPONSOR

SPEE HOUSTON GOLD SPONSORWhen:  Wednesday, March 4th, 2020
Where: Petroleum Club - Aramco Room A
              1201 Louisiana Street
Luncheon starts:        11:30am. (A plated lunch will be served.)
Presentation begins: 12:00pm

Online Registration Cost:  A singular price of $35 per person will be collected for Members and/or $45 for Non-Members/Guests if paid by credit card in advance.  If paying at the door, an additional $10.00 surcharge will apply to walk-ins or late registration.

Please RSVP by Noon CT Monday, March 2, 2020

Abstract: 

Precedent transaction multiples are often used to estimate the market value of oil and gas assets. The multiples typically used for valuation include production, reserves, and cash flow multiples.  Improper application of these multiples can lead to valuation estimates that are significantly different than actual market value.  This presentation outlines a method to improve the accuracy of market value estimates from multiples analysis by incorporating (1) the correlation between multiples and proved reserves to production (R/P) ratio, and (2) the effect of profit margin on transaction multiples.  The effect of margin is especially relevant because some transaction metrics are not necessarily valid in the current market due to significant changes in commodity prices.

Speaker Bio.: 

Ron is Managing Director and Global Head of Engineering at EIG Global Energy Partners.  He is responsible for technical and commercial evaluation of domestic and international upstream and midstream investment opportunities.  Dr. Gajdica holds BS and MS degrees in Petroleum Engineering from Texas A&M, and a Ph.D. in Petroleum Engineering from Stanford.
Dr. Gajdica has 37 years of industry experience, starting with 24 years of operating company experience at Tenneco, ARCO, and BHP Billiton, where he worked waterfloods, miscible floods, thermal recovery, deepwater, unconventionals, and many international basins in a variety of technical and leadership roles.  He then spent 13 years in investment banking and private equity at Scotia Waterous, EV Energy Partners, Citibank, and EIG.  He has been involved in 126 transactions totaling $70 billion.  He is a member of the Society of Petroleum Engineers, spent 13 years as a SPE technical editor, is a registered Professional Engineer, and has authored several technical papers.

No refunds are available if advanced registration is made online. However, if you are unable to attend, you may send someone else in your place. They must bring a copy of this receipt with them.

Special Meal Request: The Petroleum Club is now charging SPEE for special meal requests if made the day of our meeting. If you have special dietary restrictions (allergies, religious, etc.), please email BK at bkspee@aol.com with your special meal request on or before the registration deadline and we will include your request when we guarantee our attendance number with the Petroleum Club. If you request a special meal after the registration deadline, there will be an additional $20.00 surcharge for your registration.

Menu: Caesar Salad, Chicken Crepes with Mornay Sauce, Ice Cream Pecan Ball

For additional information, please contact:

Lucas Smith
2020 Chairman SPEE Houston Chapter

lucsmith2002@yahoo.com

For event registration issues, please contact:
Rhonda Gathers
rgathers@icloud.com

When
March 4th, 2020 11:30 AM
Location
1201 Louisiana Street
Houston, TX 77022
United States
Contact
Voicemail: (713) 659-1431
Cost
Member $ 35.00
Non-Member $ 45.00
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