Energy Industry Execs ID Keys to Success

by Ken Urish 25. May 2012 13:30
  IHS CERA’s Annual Executive Conference for the energy industry is held in Houston each spring, and it is considered by many to be the industry’s equivalent of the Davos summit of world leaders held annually in Switzerland. This year’s conference was the 31st annual, and the theme was “The Quest: Energy, Security and the Future of Economic Growth.” Charles Dewhurst, the National Leader of BDO’s Natural Resources practice, said the event showed “a tremendous sense of optimism within the U.S. and global energy industry, largely due to the potential for vast new oil and natural gas reserves.” Dewhurst also noted a “sincere appreciation” from industry leaders for the public’s concerns about extraction technologies. Among the key findings presented at this year’s conference: North America’s natural gas reserves are much, much larger than previously thought; North American oil reserves are also growing quickly; America can’t meet its projected 2035 energy needs without a continued, very strong emphasis on fossil fuels; and, to realize its potential, North America’s energy development must be environmentally responsible. For more results from this key energy industry conference, please see this edition of Natural Resources Record.  
Categories: Advisory

Marcellus Shale and Industry Risk Factors

by Tim Marshall 7. July 2011 10:09
Here in Western and Central Pennsylvania, we are reminded daily of the many and complex issues relating to developing the Marcellus Shale gas reserves. Evolving regulatory and legislative actions include environmental policy issues, disputes over regulatory jurisdiction, neighbor vs. neighbor conflicts, and the pending enactment of extraction taxes/impact fees.  The ever-increasing presence of energy companies such as Exxon emphasizes the high stakes and the fact that decisions that are made now can have a lifetime impact on our region’s development and quality of life. As we advise our clients here in Pennsylvania on Marcellus Shale issues, we are also taking into account conditions in the oil and gas industry at large. Risks in the oil and gas industry have never been more pronounced, and regulatory uncertainty and volatile oil and gas prices are at the top of the list. Spills, natural disasters and geopolitical issues have hit the industry in rapid succession over the past year, setting off a wave of regulatory intervention and soaring oil prices. To supplement our locally-based Marcellus knowledge, Urish Popeck professionals are supported by the national knowledge base of BDO’s Natural Resources practice.  They recently published the 2011 BDO Oil and Gas Risk Factor Report.  In it you will find the risk factors listed in the most recent SEC 10-K filings of the 100 largest publicly traded U. S. E&P companies.
Categories: Advisory