Energy Valuation Conference

Join ASA’s Premier ENERGY VALUATION Event! ASA Houston Chapter’s 13th Annual Award-Winning 2023 ENERGY VALUATION CONFERENCE will be held on Thursday May 11, 2023 in HYBRID format. Attend either In Person at THE BRIAR CLUB, 2603 Timmons Lane, Houston, Texas 77027 or Virtually via convenient LIVE WEBCAST by Business Valuation Resources.

The 2023 ENERGY VALUATION CONFERENCE (EVC) is unique in that it is the only MULTI DISCIPLINARY conference with a focus on leading edge VALUATION TECHNIQUES applicable to ALL SECTORS of the ENERGY INDUSTRY.

2023 EVC brings together pre-eminent energy valuation professionals and industry thought leaders presenting timely educational valuation topics, focusing on the transition of power generation from fossil fuel to non-carbon, renewables, sustainable energy, and ESG energy (environmental, social, governance issues).

Featured speakers represent all sectors of the energy industry offering new perspectives on business valuations, machinery & technical specialties appraisals, accounting developments, appraisal review & management, mineral appraisals, real property, financial analysis, and more. Learn how this dynamic and cyclical industry affects businesses world-wide and how it plays a vital role in the performance, cost structure and profitability of your clients. Attendees will gain a better understanding of the current economic and geopolitical conditions of the industry, and learn perspectives on challenges in energy valuations, including which sectors are rebounding.

What makes energy valuation so important to appraisers?

This dynamic and cyclical industry affects all cities around the world. Even if your client isn’t an energy company, energy can still play a vital role in its performance, cost structure and profitability.

What will attendees take away?

A better understanding of the current economic and geopolitical conditions of the industry, and learn perspectives on the challenges in energy valuations as the industry turns toward renewables, and how this impacts each sector. EVC is a very holistic and well-rounded conference that attendees enjoy and learn from – not just appraisers. Our goal is to expand our outreach to include those in related professional groups and industry associates.

2022 EVC Speakers

David Tatum, General Manager - Chevron New Energies

CHEVRON NEW ENERGIES

“Valuations in Times of Transition to Lower Carbon Strategy: Hydrogen, Carbon Capture, Bio-Fuels” (Click for PDFs)

David Tatum is a general manager of Carbon Capture, Utilization & Storage (CCUS) within Chevron New Energies. David is responsible for the creation of a new CCUS business line within CNE. In his previous role, David was responsible for leading the evaluation performed in preparation for the Noble and Anadarko acquisition deals. After receiving a bachelor’s and master’s degree in geology, David joined Chevron in 2006 as a geologist and has held technical roles of increasing responsibility in New Orleans, Covington, Houston and San Ramon, as well as positions in Corporate Business Development and Global Exploration.

Thomas McNulty, CQF, FRM, MBA – Managing Director

CHIRON FINANCIAL

“Energy in Transition – Valuation Under Uncertainty: How Non-Carbon and Renewables are Positive Value Drivers for Energy Companies.” (Click for PDFs)

Tom McNulty, Managing Director of CHIRON FINANCIAL, is a nationally recognized commodity and energy industry expert, appearing on CNBC, Fox Business, and Bloomberg TV. As an advisor, and in his corporate career, Tom has been responsible for more than $55 billion in energy-related transactions, valuation, restructuring, and litigation projects. Previous roles included M&A teams in corporate treasury at Enron International, Duke Energy and Plains All American involving transaction due diligence, strategic planning, corporate finance, risk management and market analysis. Prior to his corporate roles, Tom worked on Wall Street with Brown Brothers Harriman and Co. as a Federal funds and Eurodollar trader.

Steven Beck, PE, MBA – Project Engineer

RYDER SCOTT

“From Resource Development to Market Distribution: Challenges in Valuing Midstream, Downstream & Petrochemical Assets” (Click for PDFs)

Steven Beck, Project Engineer for Ryder Scott, provides integrated solutions in upstream and midstream areas for wells, surface facilities and managing oil and gas production from resource development to market distribution for the company. His experience in process engineering comprises simulation and optimization for facilities, including midstream, pipelines, downstream and petrochemicals. Steven also develops process data from design and sensitivity through equipment sizing and cost estimation to financial analysis and investment profiles.

Horace Hobbs, Former Chief Economist – retired December 2021

PHILLIPS 66

“The Impact of Energy Economics on Asset Values - Perspectives by Chief Energy Economist” (Click for PDFs)

Horace Hobbs, former Chief Economist of Phillips 66, served as Phillips’ lead in developing long range planning and capital allocation for the company’s global portfolio of businesses until his retirement in 2021. During his thirty-year career in the energy industry, Horace served as a management consultant, and operating executive of global entities, where he focused on downstream strategy and provided a broad array of merger, acquisition, and divestiture advisory services, and has testified as a downstream industry expert before the Federal Energy Regulatory Commission (FERC), California Public Utility Commission, and National Energy Board of Canada. Early in his career as a chemical engineer, he was involved in process design and advanced process control applications.

Jason Webb, Partner

TenOaks ENERGY ADVISORS

“Upstream A&D Valuation & Market Trends”

Jason Webb, Founding Partner of TenOaks Energy Advisors LLC, has spent over a decade working in oil & gas energy finance and investment banking, helping capitalize public and private upstream and midstream entities. He has facilitated debt transactions for publicly-traded and privately-held companies across multiple basins within the United States. His acquisition and divestment engagements have spanned the U.S. and included operated, non-operated, royalty, and mineral divestitures. Previously, he served as a Vice President of Energy Spectrum Advisors with a primary focus on upstream divestitures. He has also served in various energy banking roles with the Bank of Oklahoma, focusing primarily on developing the Appalachian Basin.

John Chapman, Managing Director, Investment Banking

TUDOR PICKERING HOLT

“Midstream & Downstream Valuations: Top Ten Strengths & Pitfalls – and how adjustments are changing post-pandemic.”

John Chapman, Managing Director in Infrastructure Investment Banking at Tudor Pickering Holt, focuses on advising midstream and downstream infrastructure clients in the energy sector. John has over 14 years of investment banking experience. Previously, he served as an associate at Miller Buckfire in New York.

Daron Fredrickson, Executive Vice President, Business Development, Partner

MERIT ADVISORS

“Property Tax Valuation Concepts & New Rules" (Click for PDFs)

Daron Fredrickson, Partner at Merit Advisors, manages clients’ property portfolios to minimize their annual property tax liabilities and ensure accurate property valuations. He regularly negotiates with officials on the city, county and state levels to achieve assessed value adjustments, and ensure fair assessments relative to comparable properties. Daron directs tax return preparation, audits, and appeals, and proactively secures tax abatements and exemptions. He also works with industry trade associations, where he provides technical support on rulemaking and legislation affecting taxation. As a recognized leader in the tax industry, Daron has received the Distinguished Service Award from both the Oklahoma Oil & Gas Association (OKOGA) where he serves on the AdValorem Tax Committee, and the Louisiana Oil & Gas Association (LOGA) where he serves on the Board of Directors and as Chairman of its Tax Committee.

Billy Lee, CFA, Director, Valuation Services

RSM US LLP

“Repositioning Businesses toward a Net Zero Future” (Click for PDFs)

Billy Lee, Director - Valuation Services in the Denver office at RSMUS, specializes in energy and complex capital structure and financial instrument valuations. Since joining RSM in 2011, Billy has been involved in numerous valuation engagements, including but not limited to valuations of hydroelectric, combined cycle, solar, wind turbine, and fuel cell power generation plants for financial and tax reporting purposes; valuations of favorable and unfavorable power purchase agreements and heat rate swaps; valuations of mineral rights, royalty and working interests, uranium, gold, iron ore mineral interests, and exploration interests for mining and oil and gas companies; fair value analyses of investment positions for mining, oil and natural gas, and electric utility companies, among others.

Michelle Michot Foss, Fellow in Energy, Minerals & Materials

RICE UNIVERSITY’s BAKER INSTITUTE in PUBLIC POLICY

“Transition Bumps in Energy, Minerals & Materials. Challenges, Adjustments and Outlook" (Click for PDFs)

Michelle Michot Foss, Ph.D., is a fellow in energy, minerals and materials at Rice University's Baker Institute, developing policies and conducting research to help build capacity on non-fuel minerals supply chains. She has nearly 40 years of experience in senior positions in energy (oil, gas/LNG, electric power) and environmental research, consulting and investment banking, with early career exposure to mining and mined land reclamation. Over the past three decades, Michot Foss developed and directed research on energy value chain economics and commercial frameworks to support worldwide investment while serving in several positions at The University of Texas at Austin and the University of Houston. She previously served as the chief energy economist and head of the Bureau of Economic Geology’s Center for Energy Economics at the University of Texas at Austin. She was also a UH Shell Interdisciplinary Scholar with grants on North American gas and power integration and national oil companies. Her career research highlights include reviewing oil, gas and minerals markets for local, national and international government bodies, including the Texas Comptroller, U.S. Energy Information Agency, U.S. Department of Energy, World Bank, Japan’s External Trade Organization and other institutions.

Click to JOIN as 2023 SPONSOR

2022 EVC Sponsors

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FREE REGISTRATIONS.

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About the ENERGY VALUATION CONFERENCE

Who Should Attend?

About 235 professionals & executives from 27 US states and 9 countries - as far and diverse as Japan, Kazakhstan, The Netherlands, UK, Venezuela, Poland, Spain and Canada joined 2022 EVC to gain a better understanding of current developments and geopolitical conditions of the industry. Attendees interacted and engaged with the leaders to discuss solutions to complex challenges faced by investors, appraisers, and clients during these volatile and challenging economic times.

The HOUSTON ENERGY VALUATION CONFERENCE is widely attended by accountants; appraisers accredited in business valuation, machinery & technical specialties, real property, and appraisal review; financial analysts, investment managers, economists; petroleum engineers, industry executives as well as expert witnesses of various valuation and forensic specialties.

What will attendees learn?

This broad-ranging conference facilitates opportunities to interact with key players from various segments of the value chain: downstream, midstream, upstream, and emerging trends in the growing renewables sector. EVC is unique in that it is the only multi-disciplinary conference with a focus on valuation techniques in all sectors of the energy industry. Networking and cross-referral opportunities abound when appraisers, accountants, investment professionals and industry leaders interact.

Who Should Attend?

What will attendees learn?

Why Attend?

Do You Have Clients in the Energy Industry?

“I will say that it was just as top-notch as it gets. The content was superb and the smooth tech operations really made it one of the best virtual events I’ve attended yet. Your speakers and sessions were, truly, spectacular.”

Learn About the Outlook of the Energy Industry as it Transitions to Non-Carbon and Renewables.

“I thoroughly enjoyed the virtual conference – found it to be very informative and right on point given our current social and economic environment. The speakers were excellent and I look forward to attending next year’s conference – virtual or in-person.”

Best Networking & Forum to Make Connections.

“Outstanding reception where industry & appraisers could mingle, network and talk about future business. Energy Valuations are big money, and if I can gain one new appraisal, it will more than pay for my trip.” International EVC Sponsor

Speakers are an Excellent & Well-Rounded Mix.

“I liked the way the speakers expressed divergent opinions vs the previous speakers, and were bold enough to make predictions.” EVC Sponsor

Featured speakers were remarkable leaders from all sectors of the energy industry demonstrating a variety of perspectives in all disciplines: Business Valuation, Machinery & Technical Specialties, Appraisal Review & Management, Real Property, among other.”

"Great program! Getting Karl Bartholomew and the high-powered Commissioner Craddick was a real coup. The diversity of your speakers topically was very impressive. Looking forward to the next one.”

Click to JOIN as EVC SPONSOR

Click for Sponsor Benefits Chart or Email us:

Sponsor Chair:

Event Co-Chair:

Laurie Leigh White

Carol Akers Klug

Michael J. Morgan

lwhite@bvagroup.com

caklug@swbell.net

michael@houstonvaluation.com

Continuing Professional Education

Education Credits: Up to 9 Hours CPE / CE

Format:

2023 EVC registrants may attend either IN PERSON at THE BRIAR CLUB, 2603 Timmons Lane, Houston, Texas 77027 or VIRTUALLY by LIVE WEBCAST from 8 am CDT to 6 pm CDT in May 2023. IN PERSON attendees will enjoy networking at our Fajita Lunch Buffet and Texas Appetizers & Cocktail Social from 6 pm CDT to 7 pm CDT.

Parking is FREE on the 3rd floor of the garage across the street from The Briar Club, walk across the SkyBridge to enter on the conference level.

IN PERSON and ONLINE tickets may be purchased below on the EVC webpage. For out-of-towners, the 4-star Hotel Derek, 2525 W Loop S, Houston Tx 77027 is convenient.

Cost:

Registration
ASA Member
Non-Members

Early Bird (thru March 31)
$250
$275

Regular
$350
$375

Registration	Early bird (thru March 31)	Regular
ASA Member	$250	$350
Non-Members	$350	$375

Terms:

Non-refundable after March 31. Before March 31 - refundable less $20 transaction fee.
Substitution of registrants is allowed through April 30.
Last day to register is two days before the conference.
No prerequisites or advanced preparation required.
A portion of net proceeds will be donated to one or more 501(c)3 entities.
For the safety of our community, we will adhere to all COVID-19 protocols.
- The expectation is that all attendees are fully vaccinated with booster.
Registrants may swap from “IN PERSON” to “ONLINE ONLY” or vice versa at no charge through April 30. Just email caklug@swbell.net to make the change.
CPE credits will be provided by BVR which is approved by the National Association of State Boards of Accountancy (NASBA) for self-study CPE delivery. For more information on eligibility by state, please consult NASBA’s website or your state board of accountancy.