HOUSTON (August 12, 2009) – IHS Inc. (NYSE: IHS), a leading global source of critical information and insight, announced today it will host the 2009 Summer NAPE® E&P Forum, Wednesday, August 26, from 9 a.m. to 5 p.m. at the George R. Brown Convention Center in Houston.
Pete Stark Ph.D., vice president, industry relations for IHS CERA; and Bob Fryklund, vice president, IHS CERA, will lead the seminar focused on answering the question, “Is America Taking its Foot off the Gas?”
The morning session will address strategies, opportunities and challenges for upstream oil and gas companies during these tumultuous economic times. The afternoon session is a prospect promotion forum and will feature presenters who will highlight the oil and gas prospects they will feature in the 2009 Summer NAPE Expo, August 27-28.
“The U.S. natural gas industry transformed from a high-priced, supply constrained situation during 2008 to a low-priced, demand-slump industry during 2009,” said Stark. “The U.S. industry faces substantial challenges to adjust its operations and portfolios to compensate for this dramatic and rapid shift in business conditions.”
According to Stark, the U.S is being confronted by a “triple whammy,’ of factors that are threatening the industry’s growth — an unprecedented collapse of natural gas prices with legacy elevated cost structures, tight financial markets and potentially damaging taxes and regulations in proposed legislation.”
Despite these obstacles, Stark acknowledged the resilience of E&P companies and executives, who, having survived several peak and valley cycles, build their strategies to adjust for risk and long-term profitability and viability.
During the morning session of the 2009 Summer NAPE E&P Forum, seven outstanding industry experts will share their insights on the scope of these issues and the actions that companies are taking to adjust their operations to succeed in the current business climate and that industry organizations are taking to assure that natural gas will have a strong role in the U.S. energy future.
2009 Summer NAPE E&P Forum Agenda
E&P Issues Panel: 8:55 a.m. – 10:20 a.m.
Introduction — Bob Fryklund, Vice President, IHS CERA
Energy Policy Update — Joel Noyes, Director, Government Relations, IPAA
Technologies Drive Production — Bill Coates, President, Schlumberger
Oilfield Services North America
Financing E&P — William Weidner, Managing Director, Rodman Energy Group
Moderated Panel Q&A Session
10:20 a.m. – 10:35 a.m. Break
E&P Executive Panel: 10:35 a.m. – Noon
Keynote: “A Discussion of E&P and Energy Policy Issues with Bruce Vincent,” President, Swift Energy, and Vice Chairman, IPAA
Alan Harrison, Vice President, Williams Companies, “Williams - Strength and Stability in Challenging Times”
John Walker, President and CEO, EnerVest
Moderated Panel Q&A session
Lunch Noon – 1:12 p.m.
Prospect Promotions Session: 1:12 p.m. – 5 p.m.
1:12 p.m. – 5 p.m. Prospect Promotions – Rooms I and II (12-minute break at 3 p.m.)
2009 Summer NAPE Icebreaker 5 p.m. – 7 p.m.
The 2009 Summer NAPE E&P Forum is the kick-off event for the 2009 Summer NAPE Expo, the world’s largest marketplace for oil and gas prospects and networking event that draws thousands of decision makers. Members of the media who wish to cover the 2009 Summer NAPE E&P Forum or 2009 Summer NAPE Expo must register by contacting melissa.manning@ihs.com. Please send your name, organization, phone, e-mail, and organization Web site.
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About IHS (www.ihs.com)
IHS (NYSE: IHS) is a leading global source of critical information and insight, dedicated to providing the most complete and trusted information and expertise. IHS product and service solutions span four areas of information that encompass the most important concerns facing global business today: Energy, Product Lifecycle, Security and Environment, all supported by Macroeconomics. By focusing on customers first, IHS enables innovative and successful decision-making for customers ranging from governments and multinational companies to smaller companies and technical professionals in more than 180 countries. IHS is celebrating its 50th anniversary in 2009 and employs approximately 3,800 people in 20 countries.
IHS is a registered trademark of IHS Inc. All other company and product names may be trademarks of their respective owners. Copyright © 2009 IHS Inc. All rights reserved.
